OPEC
Oil prices dive 3 percent to three-week low; OPEC crude output up
Business
June 1, 2017
Oil prices dive 3 percent to three-week low; OPEC crude output up
Oil prices sank 3 percent to a three-week low on Wednesday as an increase in Libyan output helped boost monthly…
Oil falls as rising Libyan, US output undermines cuts
Business
May 31, 2017
Oil falls as rising Libyan, US output undermines cuts
Oil prices fell by 1 percent on Wednesday as rising Libyan production fueled concerns that OPEC-led output cuts are being…
Putin to meet influential Saudi prince in Moscow
Middle East
May 30, 2017
Putin to meet influential Saudi prince in Moscow
Saudi Arabia’s Deputy Crown Prince Mohammed bin Salman and Russian President Vladimir Putin, who together have worked to cut oil…
OPEC likely to extend production cuts into next year
Business
May 25, 2017
OPEC likely to extend production cuts into next year
OPEC countries and other producers including oil giant Russia are backing prolonging last year’s production cut to shore up crude…
OPEC likely to extend output cuts, but price relief elusive
Business
May 24, 2017
OPEC likely to extend output cuts, but price relief elusive
OPEC oil ministers meeting this week appear damned if they don’t extend production cuts — and only slightly less damned…
US plan to sell oil reserves undermines OPEC supply management efforts
Business
May 23, 2017
US plan to sell oil reserves undermines OPEC supply management efforts
US President Donald Trump’s proposal to sell half of the United States’ strategic oil reserve surprised energy markets on Tuesday…
OPEC, hedge funds and the Sistine Chapel
Business
May 22, 2017
OPEC, hedge funds and the Sistine Chapel
It was an unconventional venue for an unusual encounter: in the Vatican’s Sistine Chapel in the summer of 2016, OPEC’s…
Oil rises above $52 as Saudis and Russia back longer supply cut
Business
May 15, 2017
Oil rises above $52 as Saudis and Russia back longer supply cut
Oil hit its highest in more than three weeks on Monday, topping $52 a barrel after Saudi Arabia and Russia…
Oil up on falling US inventories, Saudi cuts to Asia
Business
May 11, 2017
Oil up on falling US inventories, Saudi cuts to Asia
Oil prices rose on Thursday, with global benchmark Brent crude trading comfortably above $50 a barrel after a fall in…
Saudi oil minister says production cuts may need to continue
Middle East
April 20, 2017
Saudi oil minister says production cuts may need to continue
Saudi Arabia's oil minister is suggesting that production cuts agreed to by OPEC and non-OPEC members may need to continue.Khalid…