Despite the oil production cuts agreed on by members and non-members of the Organisation of…
Tag: OPEC
Oil market fundamentals heading in right direction-Saudi’s Falih
Saudi Energy Minister Khalid al-Falih said the oil market is heading in the right direction but…
Oil hits six-week low as OPEC fails to curb oversupply
Oil prices dropped to six-week lows on Thursday, under pressure from high global inventories and doubts…
Oil output to expand faster than demand in 2018
Global oil output will expand faster than worldwide demand for oil next year, primarily as US…
US oil output disrupting market rebalancing – OPEC
Increased oil production in the United States is hampering efforts to balance out market supply and…
OPEC sees oil market rebalancing at slower pace, says output rises
OPEC said on Tuesday a long-awaited rebalancing of the oil market was under way at a…
US oil output disrupting market rebalancing – OPEC
Increased oil production in the United States is hampering efforts to balance out market supply and…
Oil slides as U.S. climate withdrawal compounds glut concerns
Brent crude tumbled below $50 on Friday, heading for a second straight week of losses, on…
Nigeria’s June oil exports poised to hit 15-month high on Forcados plan
Nigeria issued its first Forcados oil loading plan since 2016, putting the nation’s June oil exports…
Trump drags oil prices below $50
Oil prices tumbled below $50 on Friday amid worries that U.S. President Donald Trump’s decision to…
OPEC oil output rises in May as cartel exempts Nigeria
OPEC oil output rose in May, the first monthly increase this year, a Reuters survey…