Advertise With Us
Sign up for our Newsletter
Join Our Directory
Open an Account

oil production

A pumpjack drills for oil in the Monterey Shale

Oil market may balance this quarter: UBS report

24/01/2017(0)
The oil market looks set to rebalance earlier than expected as OPEC members cut production, according to a report from UBS. OPEC oil output has reduced significantly since the ... Read More
Oil_well

Oil Posts Biggest Two-Day Gain in 6 Weeks as Saudis Make Cuts

13/01/2017(0)
Saudis cut production to less than 10 million barrels a day Russia ready to discuss export monitoring, minister says Oil climbed, posting the biggest two-day gain in almost six ... Read More
Oil-prices-petrol-pump

Oil prices start the week lower after jump in U.S. rig count

09/01/2017(0)
Oil prices were lower early on Monday as drilling activities in the U.S. intensified last week, stoking concerns that the effort by global oil producers to curtail oversupply could ... Read More
opec

OPEC reportedly reaches agreement to cut oil production

30/11/2016(0)
OPEC has reached a deal amongst all 14 member countries to curtail oil production for the first time since 2008, according to several media reports. Multiple media reports, citing ... Read More
oil markets

Oil prices: OPEC may finally take action if crude’s slide continues

09/08/2016(0)
Oil’s recent dip back into the $30s per barrel may be enough to get some OPEC members to curb their bickering and consider joint action — especially if oil ... Read More
The Elevation Resources drilling rig is shown at the Permian Basin drilling site in Andrews County Texas

Oil prices fall on oversupply concerns despite output cuts

19/07/2016(0)
Oil prices eased on Tuesday as concerns over a crude and refined fuel glut outweighed an expected cut in U.S. shale production and a probable further draw in U.S. ... Read More
russian oil

Russian Oil Exports Set for Record as Europe Competition Grows

04/07/2016(0)
Exports rose 4.9% in six months to 5.55 million barrels a day Iran also boosts supplied to region after sanctions lifted Russian crude exports are on track to set ... Read More
Oil-prices-petrol-pump

Oil prices rebound in post-Brexit bargain hunting

28/06/2016(0)
Oil prices rose above $48 a barrel on Tuesday as investors took advantage of a two-day slide in crude following Britain’s vote to leave the European Union to lock ... Read More
oil

Iran, Saudi in oil price war

12/05/2016(0)
It’s war, then. Iran on Wednesday blamed its biggest rival Saudi Arabia for the “collapse” of the recent Doha talks on capping oil output but the Kingdom appeared to shrug off the ... Read More
An oil pump jack can be seen in Cisco, Texas

Oil dips on record U.S. inventories; Canada output to improve soon

11/05/2016(0)
Oil prices dipped on Wednesday as Canadian oil sand production was expected to gradually ramp up following forced closures due to wildfires, and as record crude inventories especially in ... Read More
Broker Cyprus TopFX