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OPEC

Oil Prices, A worker checks the valve of an oil pipe at Lukoil company owned Imilorskoye oil field outside the Siberian city of Kogalym

Analysts see the oil price to hit $70 by year end

22/02/2017(0)
Crude oil prices could shoot up to $70 a barrel by the end of 2017 as supply and demand levels continue to rebalance in coming months, according to analysts ... Read More
A maze of crude oil pipes and valves is pictured during a tour by the Department of Energy at the Strategic Petroleum Reserve in Freeport

U.S. oil holds near seven-week high; OPEC upbeat on output curbs

22/02/2017(0)
Oil prices held near multi-week highs on Wednesday after OPEC signaled optimism over its deal with other producers to curb output to clear a glut that has weighed on ... Read More
oil markets

Biggest gasoline glut in 27 years could crash oil markets

21/02/2017(0)
Oil prices are stuck in a holding pattern, waiting for more definitive data on what comes next. OPEC compliance is helping keep prices afloat, but rising US oil production ... 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 firms as OPEC floats extended output cut; markets still bloated

17/02/2017(0)
Oil prices edged up on Friday, lifted by a report that producer club OPEC could extend an output cut aimed at reining in a global fuel supply overhang. Brent ... Read More
High-gas-prices

Oil prices steady on OPEC cuts, but record U.S. fuel stocks weigh

16/02/2017(0)
Oil prices held steady on Thursday, supported by ongoing supply cuts led by producer group OPEC, while rising fuel inventories and crude production in the United States dragged on ... Read More
Oil_well

Oil prices rise on the heels of sharp losses; production data ahead

07/02/2017(0)
Crude oil prices rose slightly on Tuesday, though investors are eagerly awaiting production and inventory data from the Organization of the Petroleum Exporting Countries. On the New York Mercantile ... 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 prices edge up on Iran tensions, but rising U.S. drilling caps gains

06/02/2017(0)
Oil prices rose on Monday, with traders shifting money into crude futures as the dollar weakened, and on concerns that new U.S. sanctions against Iran could be extended to ... Read More
A worker checks the valves at Al-Sheiba oil refinery in Basra

Oil edges up on threat of U.S. issuing new Iran sanctions

03/02/2017(0)
Oil prices edged up on Friday on news that U.S. President Donald Trump could be set to impose new sanctions on multiple Iranian entities, firing geopolitical tensions between the ... Read More
theworldbank

World Bank is forecasting Industrial Commodities Prices to Surge in 2017

02/02/2017(0)
The World Bank is forecasting strong gains for industrial commodities such as energy and metals in 2017, due to tightening supply and strengthening demand. In its January 2017 Commodity ... Read More
A fuel tanker navigates near Cienfuegos Oil Refinery southeast of Havana

Oil prices dip as rising U.S. supplies offset OPEC cuts

01/02/2017(0)
Oil dipped on Wednesday, weighed down by ongoing high supplies despite an OPEC-led production cut, but prices remained within a narrow trading band that has been in place since ... Read More
Broker Cyprus TopFX