oil output
OPEC meets non-OPEC nations for oil talks, gets Azeri support
Business
October 29, 2016
OPEC meets non-OPEC nations for oil talks, gets Azeri support
Officials from OPEC and non-member oil producing countries met on Saturday aiming to build support for an OPEC plan to…
Saudi King, Venezuelan president discuss oil market stability
Business
October 24, 2016
Saudi King, Venezuelan president discuss oil market stability
The king of Saudi Arabia, the world's largest oil exporter, met Venezuela's president on Sunday in Riyadh and discussed ways…
Oil hits highest since June on possible US inventory drop
Business
October 5, 2016
Oil hits highest since June on possible US inventory drop
Oil rose towards $52 a barrel on Wednesday, hitting its highest since June, supported by an industry report that U.S.…
Oil climbs as Venezuela sees output deal, Libya suffers clashes
Business
September 19, 2016
Oil climbs as Venezuela sees output deal, Libya suffers clashes
Oil prices rose almost 2 percent on Monday, after Venezuela said OPEC and non-OPEC producers were close to reaching an…
Iran supports any move to stabilize oil market: Rouhani
Middle East
September 18, 2016
Iran supports any move to stabilize oil market: Rouhani
Iran's President Hassan Rouhani said Tehran supports any move to stabilize the global oil market and lift prices, the Iranian…
Global oil surplus to persist into first half of 2017: IEA
Business
September 13, 2016
Global oil surplus to persist into first half of 2017: IEA
A sharp slowdown in global oil demand growth, coupled with ballooning inventories and rising supply means the crude market will…
Oil price falls as US drills more
Business
September 12, 2016
Oil price falls as US drills more
Oil fell for a second trading day in a row on Monday, after speculators cut their bullish bets by the…
Saudi Arabia, Russia sign oil pact, may limit output in future
Middle East
September 6, 2016
Saudi Arabia, Russia sign oil pact, may limit output in future
Saudi Arabia and Russia agreed on Monday to cooperate in world oil markets, saying they will not act immediately but…
Oil pares gains after Saudi, Russia sign pact
Business
September 5, 2016
Oil pares gains after Saudi, Russia sign pact
Crude oil futures pared gains on Monday after top producers Russia and Saudi Arabia said they have agreed to cooperate…
Oil slips on dollar strength, still set for monthly gain
Business
August 31, 2016
Oil slips on dollar strength, still set for monthly gain
Crude oil prices slid on Wednesday, pressured by a strong U.S. dollar and high stocks of physical oil, though prices…