OPEC signals oil market lull may persist

2016-08-10 14:53

Weakness in global oil markets, which has dragged prices to a three-month low, may persist as demand slows seasonally and fuel inventories remain abundant.

Oil bigwig sees crude at $60 as demand picks up

2016-07-13 11:16

Crude oil will rise to up to $60 a barrel until at least 2018 as demand increases and markets absorb an oversupply, says acting oil minister of Opec member Kuwait.

Oil glut to ease: OPEC

2016-06-13 13:20

OPEC says a supply glut in the world's oil market is likely to shrink further, leading to a more balanced market by the end of the year.

OPEC skips output limit, finds unity oil price optmism

2016-06-03 10:48

OPEC will stick to its policy of unfettered production after members rejected a proposal to adopt a new output ceiling, but there's optimism on global oil markets improving.

Nigeria emerges as front runner for OPEC boss

2016-06-01 10:05

A Nigerian oil technocrat has emerged as front runner to take the top job at OPEC, with members seeing Mohammed Barkindo as a rare compromise candidate to lead the group.

Reshuffle shows Saudi determination to change

2016-05-08 17:07

With a major government reshuffle, Saudi Arabia has shown a determination to move the kingdom's economy away from oil, experts say.

Oil producers meet amid Saudi-Iran row

2016-04-17 12:12

Oil producers have gathered in Qatar to negotiate an output freeze, but a lingering dispute between Saudi Arabia and Iran threatens to overshadow talks.

Oil steadies on Saudi comments

2016-04-04 17:52

World oil prices have steadied as Saudi Arabia cast doubt on whether a key producers meeting would reach an agreement to freeze output to address a global supply glut.

There’s a new world order to talk about at Davos of Energy

2016-02-19 14:16

The Saudis may go public, OPEC’s in disarray, the US is suddenly a global exporter, and shale drillers are seeking lifelines from investors as banks abandon them.

Oil prices soar on possible UAE output talks

2016-02-14 14:30

Oil prices have soared with US crude rebounding from a 2003 low, on reports that OPEC was willing to organise output cuts that could ease the global oversupply.


OPEC plans informal talks, sees oil dip

2016-08-08 15:38

The Organisation of Petroleum Exporting Countries will hold informal talks at a conference in Algiers and considers the recent decline in oil prices temporary.

Nobody wants to wear crown that makes Opec richer

2016-06-17 11:17

For decades the US has held the undisputed rights to the crown that nobody wants: The world’s biggest oil importer.

What OPEC has in store for the oil industry

2016-06-10 06:30

With oil rigs all over the world shutting down, and some countries keen to capitalise on this situation, we take a look at the winners and losers.

OPEC to keep oil flowing as price recovers

2016-06-02 10:15

OPEC has been expected to keep the oil gushing as a modest recovery in the crude price eases pressure on a cartel riven by Iranian-Saudi rivalry to cut output.

Oil market recovery will continue - Opec

2016-05-10 19:15

Opec president Mohammed bin Saleh al-Sada says the current oil market recovery would continue into the second quarter of the year as global demand increases.

Oil tumbles as traders bet on weak Doha meeting

2016-04-17 13:00

Oil prices have tumbled as traders bet that a key producers meeting in Doha this weekend will yield no effective measures to curb the global oversupply.

No guarantee of oil deal at Doha talks

2016-04-15 14:37

Major oil producers are meeting this weekend to try to negotiate an output freeze to drain crude oversupply and boost prices, but doubts remain on Iran's buy in.

Nigeria in push to freeze oil production levels

2016-03-09 17:00

OPEC member Nigeria is leading the push for a global agreement to freeze the level of oil production.

Oil bosses upbeat on market rebound

2016-02-14 17:23

Movers and shakers from the oil industry have expressed optimism over a sharp rebound in the beleaguered crude market later this year.

IEA takes oil market bulls to the slaughterhouse

2016-02-09 13:11

Oil prices may have rebounded off 12-year lows struck last month, but any hope for a broader recovery in the market would be misplaced, says the IEA.

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