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oil production

Pump jack and pipes are seen on an oil field near Bakersfield on a foggy day, California

US oil slips 0.97 pct after hitting 2016 highs

14/04/2016(0)
Oil gave up short-lived gains following mixed U.S. government data that showed a bigger-than-expected build in crude stockpiles, rising gasoline demand, and falling oil production. Brent crude was down 61 ... Read More
Pump jack and pipes are seen on an oil field near Bakersfield on a foggy day, California

Oil prices fall 3 percent as investors focus again on glut

30/03/2016(0)
Oil prices fell about 3 percent on Tuesday, reflecting growing concern that a two-month rally was fading as demand fails to keep up with swelling global supply, including new ... Read More
oil-well

Russia to freeze oil output at January level – Putin

03/03/2016(0)
President Vladimir Putin has said Russia will freeze this year’s oil output at January’s production level. An agreement was reached during his meeting with the heads of the country’s ... Read More
russian-crude

Oil Prices Rally On News Of Russia, Saudi Arabia Meeting

26/02/2016(0)
Oil prices jumped by more than 2 percent on February 25 after Venezuela said top oil producers Russia and Saudi Arabia will meet again in mid-March to discuss their ... Read More
saudi-arabia

Saudi Oil Minister Surprises OPEC with Tough Line on Prices

25/02/2016(0)
Prepared for $20 a barrel to force production cuts outside the Middle East, Says al Naimi Saudi Arabian Oil Minister Ali al-Naimi surprised fellow members of the Organization of ... Read More
oil

Brent trades near $33 as Russia sees output talks done by March

22/02/2016(0)
Brent traded near $33/bbl as Russia said talks on an output freeze will be done by March 1 while Nigeria said some countries should have production capped at higher levels. Futures rose ... Read More
Derricks at Yuganskneftegaz oil processing facility at Mamontovskoye oilfield outside the Siberian ...

Oil crisis: Prices decline again after Saudi Arabia refuses to cut production

19/02/2016(0)
Oil prices declined after Saudi Arabia’s foreign minister Adel al-Jubeir said that his country will not cut production. The statement made on 18 February is contrary to what Saudi ... Read More
Oil_well

Oil Prices Could Jump 50% by the End of 2016

03/02/2016(0)
WTI seen averaging near $46 a barrel in Q4; Brent at about $48 U.S. sees domestic oil output falling by 620,000 barrels a day Oil bulls distressed that last ... Read More
oil and gas - britain

Oil Prices Drop as Chances Fade for Output Cuts

02/02/2016(0)
Coordinated cutbacks considered less likely after Iran raises its export target Oil prices gave back a big chunk of last week’s gains, with traders losing hope that the world’s ... Read More
iran-oil-rig

In Iran, New Battle Brews Over Contracts With Foreign Oil Giants

01/02/2016(0)
A political battle is taking shape in Iran over any new foreign role in developing the country’s enormous oil wealth, only a few weeks after the Iranian nuclear deal ... Read More
Broker Cyprus TopFX