Oil set for longest weekly rally since October on OPEC's curbs

2019-01-18 11:04

Oil headed for its longest weekly rally in three months on easing concern over whether the OPEC+ coalition will follow through on its pledge to slash production.

OPEC strategy still a winner for members despite oil slump

2019-01-06 08:31

Crude prices in London have sunk back to the same range when the OPEC began production cuts in early 2017

Qatar to quit Saudi-dominated OPEC in 2019

2018-12-03 18:39

Qatar will leave OPEC next month in order to focus on gas production, denying the surprise move was a result of Doha's bitter feud with oil-rich Saudi Arabia.

Oil price 'now controlled by just 3 men'

2018-11-18 20:45

The Organisation of the Petroleum Exporting Countries has lost what control of the oil market it ever had, is the view of Julian Lee.

Asian markets track Wall St gains, positives seen in US gridlock

2018-11-08 10:28

Asian markets mostly rose Thursday, building on a global rally as investors bet that gridlock in Washington will clip Donald Trump's wings.

Oil falters as Trump ups pressure while Goldman dissuades bulls

2018-09-26 10:18

Oil traded near $82 a barrel after President Donald Trump resumed his attack on OPEC while Goldman Sachs Group poured cold water on forecasts for $100 crude.

Oil traders say $100 coming as OPEC struggles to fill Iran gap

2018-09-24 13:15

Major oil trading houses predict the return of $100 crude for the first time since 2014

Trump tweets, Saudis scramble: Here's how the US steers OPEC

2018-07-01 19:00

The US isn’t a member of OPEC, but presidents have long pressured its top producer Saudi Arabia to adjust oil production policies.

Russia backs OPEC oil output hike

2018-06-23 16:11

Russia on Saturday joined partner countries in backing an OPEC-led pledge to boost oil production in response to growing global demand, Angolan Oil Minister Diamantino Azevedo said.

OPEC rift deepens as Iran walks out of key meeting

2018-06-22 05:00

Iran's oil minister walked out of a key meeting with OPEC peers on Thursday, as a rift deepened with regional rival Saudi over its push to ramp up the cartel's oil output.

 

Oil climbs for seventh day as trade talks fuel demand optimism

2019-01-09 06:25

Oil rallied for a seventh day as US negotiators touted progress in trade talks with China and investors gained faith that OPEC will shrink output.

Oil retreats as concern over Chinese economic growth deepens

2019-01-03 14:57

Oil retreated from a two-week high amid increasing concerns over economic growth in China, the world’s second-biggest consumer of crude.

Oil drops to one-year low on concern supply cuts won't stem glut

2018-11-21 06:05

Oil tumbled below $53 a barrel for the first time in a year amid concern OPEC’s plans to cut production won’t be enough to stem a surge in stockpiles.

WATCH: Brent oil drops under $70 for first time since April

2018-11-09 13:19

Brent crude oil sank Friday under $70 per barrel before a weekend meeting of major oil producing nations in Abu Dhabi.

Oil holds gains, eyes on $100 a barrel, but Asia markets down

2018-10-02 07:42

Oil prices held around four-year highs Tuesday after another blistering rally, supporting energy firms, but most markets were in retreat as traders brushed off a positive lead from Wall Street and the US-Mexico-Canada trade deal.

OPEC raises forecast based on US oil production

2018-09-25 08:28

The OPEC oil cartel raised its global production forecast based on higher-than-predicted US output in a report outlining a long-term rise in net demand, particularly in developing countries.

Imagine a world without OPEC. It isn't paradise

2018-07-23 05:02

Julian Lee writes what would happen if the No Oil Producing and Exporting Cartels bill becomes law and the group failed to protect itself from its reach.

Asian markets fall as trade war fears weigh on sentiment

2018-06-25 07:04

Asian markets fell Monday as fears of a global trade war continue to dog investors, with Donald Trump threatening fresh tariffs on European cars and reports he is considering curbs on Chinese investment the US.

OPEC on tightrope as output target talks prompt clash

2018-06-22 16:36

OPEC energy ministers scrambled to hammer out a compromise on oil output policy Friday as they debated a Saudi proposal to ramp up production.

Saudi oil Min: Deal to gradually boost OPEC output 'inevitable'

2018-06-15 08:50

Saudi Arabia’s oil minister says it’s 'inevitable' that OPEC and its allies will agree to boost oil output gradually, signalling that the cartel will alleviate high prices for consumers.

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