Oil prices go up to the maximum of the last four months
The Brent oil price climbed to the highest level in the last four months on Thursday, backed by OPEC’s cuts…
Russia complies with global deal to cut oil output: Energy minister
Russia is complying fully with its pledge to cut oil production gradually, Energy Minister Alexander Novak said. He said Russian…
Saudi energy minister: Russians promised me they’d ‚pick up the pace’ on OPEC cuts
Saudi Arabia’s energy minister is hoping Russia will pull its weight on recently agreed OPEC oil production cuts despite its…
US shale’s full impact still hasn’t hit oil markets, IEA director says
Shale oil’s impact will have “huge implications” for global energy markets for many years, Fatih Birol, executive director at the…
Saudi energy minister: Russia moving ‘slower than I’d like’ on oil cuts
Saudi Arabia’s Energy minister said Sunday he’s positive OPEC and partnered nations will meet their production cut commitments to balance…
Oil finds support, as 2019 begins
A tumultuous first trading week of 2019 headed towards a calmer close. After hitting a 33-months low the Bloomberg Commodity…
Qatar to leave OPEC as politics finally rupture oil cartel
Qatar said it will leave OPEC next month, a rare example of the toxic politics of the Middle East rupturing…
Falling oil prices put new pressure on US energy sector
Throughout the US shale oil and gas boom of the past 15 years, one of investors’ greatest concerns has been…
Saxo Bank: Crazy week in oil and gas
The Bloomberg Commodity Index, which tracks a basket of major commodities within the three major sectors of energy, metals and…
OPEC expects global energy demand to skyrocket through 2040, thanks to India and China
Global energy demand is set to skyrocket over the next two decades, OPEC said in its latest annual outlook, with…
Saudi Arabia’s energy minister says there are no plans to abolish OPEC
Saudi Arabia is not preparing for a break-up of OPEC, Energy Minister Khalid al-Falih said Monday, adding the group will continue…
The Saudi oil weapon and the energy market: What investors need to know
As President Donald Trump struggles to contain the fallout from the apparent murder of a Saudi columnist for the Washington…
OPEC hikes oil output in September as Iran’s production falls, demand outlook softens
Several OPEC members, led by Saudi Arabia and Libya, put enough new barrels on the market in September to offset…
Saudi Arabia plans to pump up to 11 million bpd of oil in July, a record high (Reuters)
Saudi Arabia plans to pump up to 11 million barrels of oil per day (bpd) in July, the highest in…
Lukoil’s profit is up 75% on the back of rising oil prices
Lukoil, Russia’s second-largest oil producer, says net profit grew 75% in the first quarter, amid world oil prices increase, according…
UAE energy minister says OPEC is not targeting a certain oil price
OPEC producers are not targeting a certain oil price, United Arab Emirates Energy Minister Suhail bin Mohammed al-Mazroui said on…