Saudi Arabia is losing oil market share to Iraq and Iran

Saudi Arabia, the world’s biggest crude exporter, is losing market share to Iraq and Iran as a result of OPEC’s agreement to curb supplies to bolster prices, according to ... Read More

Oil prices fall on lingering oversupply concerns

Oil prices dipped on Thursday, weighed down by a general sentiment of globally bloated markets, though traders said that prices seemed to have found support around current levels. U.S. ... Read More
Crude oil storage tanks are seen from above at the Cushing oil hub in Cushing

Oil falls on bulging U.S. crude inventories, record global supplies

Oil prices resumed their downward trend on Wednesday as data showed a rise in U.S. crude inventories and record supplies in the rest of the world cast doubt on ... Read More
A pump jack used to help lift crude oil from a well in South Texas’ Eagle Ford Shale formation stands idle in Dewitt County Texas

Oil edges up after six days of straight losses

Oil prices inched up on Tuesday but markets remain under pressure following six consecutive sessions of declines as traders lose confidence that pledged output cuts by major producers will ... Read More
Asian Stocks

Asian Stocks Gain After Global Rally; Yen Weakens

Euro holds advance following surge sparked by French elections China shares rise after selloff; investors watch North Korea Asian equities extended a global rally as Chinese shares climbed after ... Read More
Brent Crude Oil

Oil price projections are so enigmatic right now

Predictions range from a 20-percent reduction (to roughly $42 a barrel) to an exuberant 100-percent increase ($100) by next year. It’s enigmatic that perceptions of market experts are so ... Read More
Gulf states

Gulf states are spending billions to attract tourists

Gulf states are spending billions of dollars creating ambitious strategies to attract visitors as tourism becomes a stronger plank of their economies. This week’s Arabian Travel Market in Dubai ... Read More
US equity futures, Euro

Euro Jumps on French Result; China Selloff Resumes: Markets Wrap

Investors bet on Macron victory after first round of voting Yen slides, U.S. futures advance while Shanghai shares slump A relief rally amid speculation that pro-growth centrist Emmanuel Macron will ... Read More
Oil Prices, A worker checks the valve of an oil pipe at Lukoil company owned Imilorskoye oil field outside the Siberian city of Kogalym

Oil recovers lost ground, but market remains under pressure

Oil prices recovered ground on Monday following last week’s big losses, driven by expectations that OPEC will extend a pledge to cut output to cover all of 2017, although ... Read More
Shaybah oilfield complex is seen at night in the Rub' al-Khali desert, Saudi Arabia

Oil prices set for biggest weekly drop in a month

Oil traded steady on Friday, though it was set for its biggest weekly drop in about a month over doubts that an OPEC-led production cut will restore balance to ... Read More
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