U.S.PresidentDonaldTrumponFridaycriticizedOPECforoutputreductionsthathavehelpedraiseoilpricesandsaidtheactionwouldnotbetolerated,asoilpricesappearedsetforasecon
OilpricesroseonFridayaftertheSaudienergyministersaidOPECwouldneedtokeepcoordinatingsupplycutswithnon-membercountriesincludingRussiainto2019.Theriseinoildefiedgl
Theoilindustry’sbiggestnamesgatherthisweekatCERAWeek,thelargestenergyindustryget-togetherintheAmericas,atatimewhenUSshaleproductionisbooming,globaldemandisrisin
SaudiArabiaoilministerKhalidal-FalihsaidonSaturdaythathehopestheproductionconstraintsunderadealbetweenmajorOPECandnon-OPECoilproducerswilleasein2019.SaudiArabia
OPEChassaiditisworriedthatsurgingshaleproductionintheUnitedStatescouldsetbackoilpriceswhichhavebeenrisingrecently.Crudepricesfellaslowas35USdollarsperbarrelatth
OPECanditspartnersagreedonThursdaytoextendoiloutputcutsofabout1.8millionbarrelsperday(bpd)untiltheendof2018.Thedecisioncamewithinanalysts'expectationthoughRussi
SaudiArabia’senergyministersignaledonThursdayareadinesstoincreaseoiloutputcutswhenOPECmeetsattheendofNovemberonwhethertoextendcapswellinto2018,sayingtheworldwil
SaudiArabia’scrownprinceonSaturdaysaidhiscountrysupportsextendinganagreementbymajoroilproducerstolimitoutputbeyondnextMarch.CrownPrinceMohammedbinSalmansaidthat
OilpricesstabilizedonMondayafteroneofthemostbearishweeksinmonths,proppedupbyOPECcommentssignalingthegroupandotherproducersmaytakefurtheractiontorestoremarketbal
OPEC’scompliancewithanagreementamongoilproducerstoreduceoutputhasbeenacceptable,Iran’soilministersaidonMonday,addingthatsomechangeswereneededifparticipantsseekt
CrudefuturesfellforathirddayonWednesdaydespiteabiggerthanexpectedfallinU.S.oilinventoriesreportedbyanindustrygroup,withdoubtslingeringoverOPEC'sabilitytorestrai
ForcartelOPEC--createdin1960withtheaimofsupportingasustainablepriceontheoilmarket--itisinsomewaysaperfectstorm.Stockshavesurgedthankstotherapidemergenceofoilfro
OilmarketsdippedonFriday,pulleddownbyhighfuelinventoriesandimprovingindustryefficiency,butwerestillontrackforasolidweeklygain.BrentcrudefuturesLCOc1,theinternat
OildippedonThursdayonpersistentworriesaboutoversupply,butstrongChineseimportsandsignsthatU.S.storagetanksaregraduallybeingdrainedofferedsomesupporttoprices.Bren
Oil prices edged up on Friday, recovering some of their steep losses made this week, but crude remained on course for its worst first-half decline in almost two decades as production cuts have failed to sufficiently reduce oversupply.
OilpricesedgeduponFriday,recoveringsomeoftheirsteeplossesmadethisweek,butcruderemainedoncourseforitsworstfirst-halfdeclineinalmosttwodecadesasproductioncutshave
OilpricesroseonThursdayafterU.S.crudeandgasolinestockpilesfell,butworriesoverwhetherOPEC-ledoutputcutswouldbeabletoreininathree-yearglutcontinuedtodrag.Themarke
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