Crude prices extended gains on Tuesday, buoyed after top producers Russia and Saudi Arabia agreed to cooperate on stabilizing the oil market, but a lack of immediate action to rein Continue Reading
Saudi minister says no need for production freeze right now Russia ready to join agreement, energy minister says Oil traded near $45 a barrel as talks between Russia and Saudi Continue Reading
Crude prices inched down on Monday in Asia, paring 3 percent gains in the previous session amid worries over a global oil glut. London Brent crude for November delivery LCOc1 Continue Reading
Oil prices have continued to languish below $50 per barrel as a glut of crude oil and gasoline persist even as global demand continues to rise. The IEA still predicts Continue Reading
It’s difficult to be anything other than cynical about Saudi Arabia and Russia saying they will work together in global oil markets through a newly-announced joint taskforce. While Monday’s media Continue Reading
Oil prices rallied on Monday on hopes of greater cooperation between major oil producers but gave up some of the gains as investor’s questioned the likelihood of any plans gaining Continue Reading
Crude prices inched down on Monday in Asia, paring 3 percent gains in the previous session amid worries over a global oil glut. London Brent crude for November delivery LCOc1 Continue Reading
Investors cut bets on oil rally by most in two years: CFTC OPEC production reached 33.69 million barrels a day last month Investors are realizing that OPEC’s talk of a Continue Reading
Russia ready to join output freeze, Energy Minister says Saudi minister says no need for freeze now: Al Arabiya Oil pared gains as talks between Russia and Saudi Arabia over Continue Reading
Putin Oil In August, when OPEC floated the idea of meeting once again to discuss the possibility of a production freeze, oil prices skyrocketed, ending the bear market that had Continue Reading
