OPEC: Oil prices may rise in the second half
The oil market is currently balancing, despite the recent decline in world prices, said Mohammad bin Saleh al-Sada, Minister of…
OPEC: Brexit could dampen European oil demand
The U.K.’s vote to leave the European Union could dampen Europe’s appetite for oil and pose a risk to global…
IEA Market Report: OPEC output still increases the global oil supply
Global oil supplies rose 250,000 barrels per day (bpd) in April from the preceding month to 96.2 million bpd as…
The oil barrel is close to 30 dollars on global markets
The oil barrel quotation use as reference by the Organization of Petroleum Exporting Countries (OPEC) reached, on Wednesday, a level…
Oil prices fell below 35 dollars per barrel
On the New York commodities exchange, the price of American oil barrel fell, on Monday, to around $34.7, near the…
IEA: OPEC could keep prices low for a decade
Keeping the OPEC production will lead to lower oil prices for a long period, with negative effects on the budgets…
Iran asks OPEC to reduce oil production for the prices to climb
OPEC member states should cut oil production for prices to climb to 70-80 dollars per barrel, said the Iranian oil…
US shale oil hard hit by crude prices
U.S. shale oil production will drop 9 percent next year as a crude price below $50 a barrel “slams brakes”…
OPEC magazine op-ed that fueled oil rally baffles insiders
An OPEC publication written by the exporter group’s public relations team helped oil prices jump and prompted speculation over a…
Oil drops again, on concerns of glut in refined products
Oil dropped on Monday as signs of a growing glut in refined products outweighed a fall in Saudi crude exports…
Oil to rise again as Brazil, Iraq cut output
Massive downward revisions to oil output in Brazil and Iraq have increased the risks for oil markets of going from…