world oil prices

Oil heads for third week of gains as sentiment turns upbeat
Business

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…
Oil rises as Kuwaiti oil workers strike cuts output for third day
Business

Oil rises as Kuwaiti oil workers strike cuts output for third day

Oil prices rose on Tuesday as an oil workers strike in Kuwait nearly halved crude production from the OPEC member,…
Oil back below $40 as Iran dashes hopes for quick deal on output
Business

Oil back below $40 as Iran dashes hopes for quick deal on output

Oil fell around 2 percent on Monday after Iran dashed hopes that there would be a coordinated production freeze any…
IEA says oil prices might have bottomed out
Business

IEA says oil prices might have bottomed out

Oil prices might have bottomed as output in the United States and other non-OPEC producers is beginning to fall quickly…
Iran could decide fate of first global oil deal for 15 years
Business

Iran could decide fate of first global oil deal for 15 years

The fate of the first global oil deal in 15 years could be decided on Wednesday when OPEC members travel…
Saudis, Russia agree oil output freeze, talks with Iran to follow
Business

Saudis, Russia agree oil output freeze, talks with Iran to follow

Top global oil exporters including Russia and Saudi Arabia agreed on Tuesday to freeze output to tackle a global glut…
Oil edges down; weak China trade data drags
Business

Oil edges down; weak China trade data drags

Brent and US crude futures edged lower on Monday as the dollar regained ground and as weak Chinese trade data…
Oil prices fall; Iran, China to discuss supplies
Business

Oil prices fall; Iran, China to discuss supplies

Brent crude prices fell almost US$1 a barrel on Tuesday, with an Iranian delegation in Beijing this week to push…
Analysis: Iran nuclear deal may open oil taps in months, not weeks
World

Analysis: Iran nuclear deal may open oil taps in months, not weeks

A possible deal over Iran's nuclear program that would phase out economic sanctions against Tehran is unlikely to flood world…
Mideast, N. Africa ‘to invest $755 bn in energy to 2019’
World

Mideast, N. Africa ‘to invest $755 bn in energy to 2019’

Middle Eastern and North African states are expected to invest $755 billion in energy projects over the next five years…
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