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OPEC

Flames emerge from a pipeline at the oil fields in Basra, southeast of Baghdad

Lukoil: Oil price of $60 per barrel will be dominant in 2017

12/12/2016(1)
Lukoil expects that in 2017 oil prices will be around $60 per barrel, Vice President of Lukoil Leonid Fedun said on Friday. “If we analyze the history of such ... Read More
High-gas-prices

Oil prices soar on global producer deal to cut crude output

12/12/2016(0)
Oil prices shot to their highest levels since mid-2015 on Monday after OPEC and other producers reached their first deal since 2001 to jointly reduce output in order to ... Read More
oil

Oil Advances With Asian Stocks While Bonds, Korean Won Decline

09/12/2016(0)
Bonds retreat after ECB says it will slow asset purchases European index futures little changed at the start of trading Oil rose a second day before a meeting between ... Read More
oil

Crude imports by China will probably slow by more than 60 percent in 2017

08/12/2016(0)
China demand growth seen slowing as space for stockpiles fills Asia’s biggest buyer also seen reining in private refiners One of the biggest engines soaking up the world’s oil ... Read More
oil

Oil slips on doubts that output cut will be deep enough to end glut

07/12/2016(0)
Oil prices slipped on Wednesday on persistent doubts whether a planned crude production cut led by OPEC and Russia would be deep enough to end a supply overhang that ... Read More
Derricks at Yuganskneftegaz oil processing facility at Mamontovskoye oilfield outside the Siberian ...

Oil price heads to $55 despite expected output rise

06/12/2016(0)
Russia and Saudi Arabia predicted to increase exports before agreed cuts start in January The oil price is powering on, adding to a 14 per cent advance since the ... Read More
An employee of Cosmo Energy Holdings' Cosmo Oil service station checks its nozzles at a branch in Tokyo

Oil price rally likely short-lived as OPEC deal not enough to reduce glut

02/12/2016(0)
The oil price rally sparked by an OPEC-Russia deal to cut output is likely to be short-lived, say traders in Asia, because the agreement may only draw more supplies ... Read More
A pumpjack drills for oil in the Monterey Shale

What the OPEC Production Cut Will Really Mean for Oil Prices

01/12/2016(0)
Crude oil prices–and the shares of U.S. oil and gas companies–surged over 8% Wednesday as the Organization of Petroleum Exporting Countries (OPEC) agreed to cut its output by some ... Read More
A gas pump is seen hanging from the ceiling at a petrol station in Seoul

Oil prices surge, smash trading volume records as OPEC and Russia agree output cut

01/12/2016(0)
Oil prices shot up 13 percent, smashing trading volume records, after OPEC and Russia cut a deal to reduce output to drain a global supply glut, but analysts warned ... Read More
Asian Stocks

Asia Stocks Rise Most in Three Weeks as Oil Hits $50, Bonds Drop

01/12/2016(0)
U.S. oil climbs above $50, building on 9.3% gain on Wednesday Private jobs data adds to U.S. rate outlook before payrolls Asian equities rallied the most in three weeks ... Read More
Broker Cyprus TopFX