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OPEC Members

Oil barel fill

Oil prices edges up on Saudi pledge to make real supply cuts

13/06/2017(0)
Oil prices edged up early on Tuesday, lifted by statements that OPEC-leader Saudi Arabia was making significant supply cuts to customers, although rising U.S. output meant that markets remain ... Read More
oil-and-gas

Oil prices head lower after data shows spike in U.S. supplies

15/02/2017(0)
Crude oil prices pulled back on Wednesday, reversing gains made in the New York session on the heels of data showing a bigger-than-expected climb in U.S. supply. On the ... Read More
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-price-L-reuters

Oil prices running out of reasons to rally

10/01/2017(0)
Oil prices faltered at the start of the second week of the year, as fears set in about a rapid rebound in U.S. shale production. For the better part ... Read More
russia-china

Russia is now China’s biggest oil partner — and it’s a huge problem for Saudi Arabia

04/02/2016(0)
Saudi Arabia has long trumped Russia in the Chinese oil market. The Saudi share of Chinese crude imports at the beginning of the decade was about 20%, while Russia’s ... Read More
saudi-arabia

Saudi Arabia struggles to cope with cheap oil

01/02/2016(0)
Saudi Arabia has managed to buy itself a couple of months. The global rout of oil prices is taking its toll on the kingdom’s bottom line. The country has ... Read More
Oil_well

Oil Prices Rise on Hint of Willingness to Cut Supplies

27/01/2016(0)
Iraq’s oil minister cites signs that Saudis, Russia may be more ‘flexible’; other OPEC leaders defend pumping strategy Oil prices rose above $30 a barrel Tuesday as traders speculated ... Read More
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