OPECandnon-memberoilproducersaregearinguptoextendoutputcutsonThursday,possiblybyaslongas12months,tohelpclearaglobalstocksoverhangandpropupcrudeprices.TheOrganiz
OPEC and non-OPEC ministers meet for informal consultations in Vienna on Wednesday in a last-ditch bid to agree the duration of oil output cuts as they seek to clear a global stocks overhang that has pulled down the price of crude.
OPECandnon-OPECministersmeetforinformalconsultationsinViennaonWednesdayinalast-ditchbidtoagreethedurationofoiloutputcutsastheyseektoclearaglobalstocksoverhangth
U.S.PresidentDonaldTrump'sproposaltosellhalfoftheUnitedStates'strategicoilreservesurprisedenergymarketsonTuesdaysinceitcountersOPEC'seffortstocontrolsupplyinord
Americanoilproductionisapproachingrecordlevelsagain,ledbyshaleprojects,potentiallyfoilingeffortsbyOPECtosupportprices.OilpriceswereboostedthisweekafterSaudiArab
Oil prices slipped on Thursday as the market remained well supplied with crude despite efforts by OPEC and other big exporters to curb production and support prices.
OilpricesslippedonThursdayasthemarketremainedwellsuppliedwithcrudedespiteeffortsbyOPECandotherbigexporterstocurbproductionandsupportprices.Brentcrudewasdown17ce
European markets hit record highs Monday as a regional election win for German Chancellor Angela Merkel's party and extended oil output cuts buoyed investors after a weekend of global security concerns.
EuropeanmarketshitrecordhighsMondayasaregionalelectionwinforGermanChancellorAngelaMerkel'spartyandextendedoiloutputcutsbuoyedinvestorsafteraweekendofglobalsecur
SaudiArabiaandRussiahaveagreedtoextendcrudeoiloutputcutsuntilMarch2018intheirlatestefforttorebalancetheglobalcrudemarket,oilministersforthetwocountriessaidonMon
Anagreementonoiloutputcutsreachedbymajoroil-producingcountriesislikelytobeextendedforanothersixmonthsorevenlonger,RussianEnergyMinisterAlexanderNovaksaidSaturda
Oil prices rose on Monday as Saudi Arabia's energy minister said an OPEC-led production cut scheduled to end in June would likely be extended to cover all of 2017, although a relentless increase in U.S. drilling capped gains.
It will cost about RM5 million (S$1.6 million) to clean up the oil slick in the Pasir Gudang waters and owners of the two container ships involved in the spill will have to foot the bill.
Nearly 300 tonnes of oil spilled into the narrow strait separating Singapore and Malaysia after a collision between two container vessels, the Singapore Marine Port Authority (MPA) said on Wednesday.
The South Korean government said Friday that it will make full efforts to control rising living costs largely driven by the worst outbreak of avian influenza here and a gain in oil prices.
The Organization of Petroleum Exporting Countries (OPEC) has reached a deal among all 14 member countries to curtail oil production for the first time since 2008, the oil-producing cartel announced from its headquarters in Vienna on Wednesday.
The OPEC on Wednesday decided to cut its oil output by 1.2 million barrels per day, setting the ceiling of oil production at 32.5 million barrels per day (bpd).
简体中文
