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OPEC

iranian-production

What the recent OPEC deal means for oil prices

06/10/2016(0)
The September 28 Algiers accord by Opec to cap production within a range of 32.5 million to 33 million barrels per day was unexpected but very positive for sentiment. ... Read More
Pump jacks are seen at the Lukoil company owned Imilorskoye oil field outside the West Siberian city of Kogalym

Oil prices higher as investors look to U.s. inventory data

05/10/2016(0)
Oil futures climbed in early Asian trade on Wednesday, pushing higher as traders continue to weigh the prospect of a supply deal by the Organization of the Petroleum Exporting ... Read More
gold

Gold slips on tapering safe-haven demand as Deutsche Bank worries ease

03/10/2016(0)
Gold edged lower on Monday on a firmer dollar and a gain in equities, with the yellow metal losing its safe-haven appeal as concerns about Deutsche Bank’s health eased. ... Read More
An oil pump is seen in Lagunillas

Asia markets rally after oil prices surge on OPEC production cut deal

29/09/2016(0)
The overnight rally in oil prices amid reports that oil producers finally agreed to cut production levels sent Asia markets higher on Thursday. Australia’s ASX 200 was up 1 percent in ... Read More
OPEC logo

OPEC Agrees to First Oil Output Cut in Eight Years

29/09/2016(0)
Oil club to cut output to as low as 32.5 million barrels a day Deal indicates Saudi Arabia and Iran resolved some differences OPEC agreed to the outline of ... Read More
An oil pump is seen in Lagunillas

Oil prices slip on profit-taking as investors await U.S. stockpile data

27/09/2016(0)
Crude futures slipped in Asian trade on Tuesday as investors took profits after prices climbed more than 3 percent in the previous session. The dollar was also weighing on ... Read More
china-markets

Asia Stocks Fall as Oil Rebounds Before Output Talks; Lira Sinks

26/09/2016(0)
Turkey’s lira extends slide after Moody’s cut rating to junk Crude rebounds ahead of OPEC talks aimed at limiting output Asian stocks dropped by the most in two weeks ... Read More
An oil pump is seen in Lagunillas

Oil prices fell on Tuesday on concerns over increased drilling in the United States

13/09/2016(0)
Oil fell on Tuesday following a series of gloomy predictions on demand growth that suggested the global overhang of unused inventories may persist for much longer than investors anticipate ... 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 lower amid scepticism about output freeze

07/09/2016(0)
Oil prices inched lower on Wednesday as market participants remained skeptical that producers will reach an agreement to freeze output to rein in a global supply glut. London Brent ... 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

Saudi, Russia Vow Oil Cooperation Without Agreeing to Freeze

06/09/2016(0)
Countries have ‘number of tools’ for joint action, Novak says Oil pares gains as rapprochement falls short of concrete steps The world’s top two crude-oil producers pledged to cooperate ... Read More
Broker Cyprus TopFX