OPEC
Brent oil breaks above $50 for first time in seven months
Business
May 26, 2016
Brent oil breaks above $50 for first time in seven months
Brent oil futures climbed above $50 a barrel on Thursday for the first time in nearly seven months as a…
Iran-Saudi row threatens any OPEC deal, puts role in question
Business
May 25, 2016
Iran-Saudi row threatens any OPEC deal, puts role in question
OPEC's thorniest dilemma of the past year - at least from a purely oil standpoint - is about to disappear.Less…
Oil falls after Iran dampens hopes for production freeze
Business
May 23, 2016
Oil falls after Iran dampens hopes for production freeze
Brent oil prices fell for a fourth consecutive session on Monday after Iran insisted it would not freeze crude output,…
Kuwait freedoms make austerity drive tricky for government
Business
May 2, 2016
Kuwait freedoms make austerity drive tricky for government
A three-day strike by oil workers in Kuwait last month over pay reforms shows the government faces considerable opposition as…
Botched Doha deal undermines OPEC credibility, oil prices tumble
Business
April 18, 2016
Botched Doha deal undermines OPEC credibility, oil prices tumble
Oil prices tumbled on Monday after a meeting by major exporters in Qatar collapsed without an agreement to freeze output,…
Oil freeze deal faces trouble as Saudi-Iran tensions spike
Business
April 17, 2016
Oil freeze deal faces trouble as Saudi-Iran tensions spike
A spike in tensions between arch-rivals Saudi Arabia and Iran appeared on Sunday to ruin prospects of the first binding…
Iran will not attend Doha oil freeze talks on Sunday: sources
Business
April 16, 2016
Iran will not attend Doha oil freeze talks on Sunday: sources
Iran will not attend a meeting between OPEC and non-OPEC member countries about freezing oil output levels scheduled for Doha,…
Oil hits 2016 high above US$42 on production and demand outlook
Business
March 18, 2016
Oil hits 2016 high above US$42 on production and demand outlook
Oil rose above US$42 a barrel on Friday, hitting its highest this year and extending a rally into a fourth…
OPEC watching Iran, Russia, unlikely to cut output in June
Business
March 1, 2016
OPEC watching Iran, Russia, unlikely to cut output in June
OPEC is very unlikely to cut output at its next meeting in June, even if prices remain extremely low, according…
Deepening default fears cast shadow over Venezuela’s oil flows
Business
February 27, 2016
Deepening default fears cast shadow over Venezuela’s oil flows
As Venezuela grows closer to exhausting nearly every means of paying its debt, some oil market participants are seriously pondering…