oil output
Oil prices fall as Saudi Arabia dampens prospects of output freeze
Business
August 26, 2016
Oil prices fall as Saudi Arabia dampens prospects of output freeze
Oil prices fell on Friday after the Saudi energy minister tempered expectations of strong market intervention by producers during talks…
Oil falls as China fuel exports jump, US rigs rise
Business
August 22, 2016
Oil falls as China fuel exports jump, US rigs rise
Oil prices fell nearly 3 percent on Monday as China ramped up exports of refined products, U.S. oil producers added…
Ahead of meeting, OPEC seems close to riding out price slump
Business
June 2, 2016
Ahead of meeting, OPEC seems close to riding out price slump
OPEC is not yet in safe harbor. But ahead of a top-level meeting, the 13-nation oil cartel appears close to…
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,…
Oil falls as investors cash in on month-long gains
Business
May 6, 2016
Oil falls as investors cash in on month-long gains
Oil prices fell on Friday as investors cashed in on a 20-percent rise over the past month, outweighing the impact…
Refining’s silver lining loses luster at Exxon and Chevron
Business
April 30, 2016
Refining’s silver lining loses luster at Exxon and Chevron
Exxon Mobil Corp and Chevron Corpon Friday reported their most dismal quarterly results in more than a decade on low…
Crude oil prices steady after hitting new 2016 highs
Business
April 28, 2016
Crude oil prices steady after hitting new 2016 highs
Oil futures steadied after setting new 2016 highs on Thursday as traders locked in profits, though analysts said supply disruptions,…
Oil heads for third week of gains as sentiment turns upbeat
Business
April 22, 2016
Oil heads for third week of gains as sentiment turns upbeat
Oil prices rose on Friday towards US$45 a barrel, heading for a third straight week of gains as market sentiment…
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,…
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,…