US oil production on brink, say oil execs

2015-10-07 08:36

US oil production will start to decline soon unless oil prices rise, oil executives say, stating lower production could pave the way for a spike in the market.

Oil declines as focus swings to glut

2015-09-22 09:31

Oil has halted a surge above $46 as investors weighed Iran’s progress toward raising output amid a market glut against signs of reduced US supplies.

IEA sees oil supply outside OPEC falling

2015-09-11 12:56

Oil supplies outside OPEC will drop by the most in more than two decades as the price rout curbs US shale output, says to the International Energy Agency.

Oil industry frets about another lost decade - Kemp

2015-08-05 12:00

If oil prices remain around $50 for the rest of the year, 2015 will be the fifth time real prices have fallen more than 50% in the space of less than three years.

Iranian oil may cause more Opec tensions

2015-07-19 18:45

The return of oil from Iran could create fresh tensions within Opec, but may reinforce the cartel's output strategy, say analysts.

OPEC stays upbeat on 2015 oil demand

2015-06-10 16:30

OPEC has stuck to its forecast that oil demand will pick up this year but warned that over-supply may still keep a 'ceiling' on oil prices.

Algeria arrests importers in graft crackdown

2015-06-07 14:53

Algerian authorities have arrested 17 people, including importers and bank officials, as the country tightens control on imports and corruption.

OPEC keeps taps open despite low oil price

2015-06-05 16:30

OPEC has again defied calls to cut output despite the low oil price, extending its new strategy to preserve market share and fend off cheaper competition.

OPEC changes approach to US shale oil

2015-06-04 09:15

The OPEC cartel, which meets on output this week, appears to have changed its approach to US shale oil - which it now welcomes.

Gulf OPEC members back keeping ceiling intact

2015-06-03 11:45

Kuwait Oil Minister says he 'strongly believes' that Gulf OPEC members support keeping the cartel's production ceiling unchanged at a crucial meeting this week.


OPEC chief sees oil market improving

2015-10-06 16:00

The Organisation of the Petroleum Exporting Countries sees the oil market improving because of higher demand for crude and a drop in supply growth from non-members.

Opec scales back 2016 oil forecast

2015-09-15 18:30

The Opec oil cartel has trimmed its forecast for global oil demand next year as emerging markets, which have been the motor of world growth in recent years, splutter.

Cheap oil taking longer to subdue rivals

2015-08-12 08:42

OPEC has raised its forecast of oil supplies from non-member countries in 2015, a sign that crude's price collapse is taking longer than expected.

Oil prices extend decline

2015-08-02 13:00

Oil prices have extended their decline with no sign of an end to a global supply glut.

Uruguay settles $400m Venezuela oil debt

2015-07-07 08:55

South American OPEC nation Venezuela will allow Uruguay to pay off a $400m energy debt at a 35% discount, Uruguay says.

OPEC unlikely to lose oil influence to US shale

2015-06-07 18:00

OPEC's announcement that it is keeping crude output levels unchanged again, despite a collapse in oil prices, reflects the growing influence of booming US shale

OPEC is set to keep on operating despite slump

2015-06-07 11:00

Japan's revised first quarter GDP data will be among the key trading cues for Tokyo investors after the market ended in negative territory.

OPEC moots $80 as new 'fair' oil price

2015-06-04 11:30

Nearly a year after oil markets have entered a deep downward spiral, unmoored from the $100-a-barrel mark that had anchored them for years.

Oil prices down in Asian trade

2015-06-04 07:49

Oil prices have slipped in Asia after a rise in US output to more than 30-year highs fanned fears over a global supply glut, ahead of the Opec cartel's meeting.

US shale and OPEC: The altered balance of power

2015-06-02 08:33

Two landmark events this month will underscore the extent to which the oil market's balance of power has been transformed by the shale revolution.

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