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OPEC

oil platform in sea

Oil prices eased on Friday after hitting their highest levels since December, 2014 the previous day

12/01/2018(0)
Oil prices eased on Friday after hitting their highest levels since December, 2014 the previous day. Although analysts and traders have been warning of the risks of a downward ... Read More
Crude oil drips from a valve at an oil well operated by Venezuela's state oil company PDVSA, in the oil rich Orinoco belt, near Morichal at the state of Monagas

Oil prices close to mid-2015 highs, but doubts over further rises loom

03/01/2018(0)
Oil prices were stable on Wednesday, not far off mid-2015 highs reached the previous session, as strong demand and ongoing efforts led by OPEC and Russia to curb production ... Read More
Flames emerge from a pipeline at the oil fields in Basra, southeast of Baghdad

Oil prices near 2015 highs on tight market

28/12/2017(0)
Oil prices were stable on Thursday with trading activity drying up ahead of the New Year weekend. Heading into 2018, traders said market conditions were relatively tight due to ... 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

Oil prices dipped

21/12/2017(0)
Oil prices dipped on Thursday as soaring U.S. output, fast approaching 10 million barrels per day (bpd), outweighed a drop in American crude inventories. U.S. West Texas Intermediate (WTI) ... Read More
Saudi Arabia wants to boost crude oil prices and get rid of a supply glut

Oil prices surge to over $65 for the first time in over 2 years

12/12/2017(0)
Brent crude has surged to its highest level since June 2015, trading above $65.00 per barrel. Earlier this month, The Organization for Petroleum Exporting Countries (OPEC) and non-member states, ... Read More
North Sea Oil Rig

Early Oil Prices Review; Oil Prices Fell

11/12/2017(0)
Oil prices fell on Monday as last week’s rise in the U.S. rig count pointed to a further increase in American production that could undermine OPEC-led efforts to tighten ... Read More
oil-price-L-reuters

Oil prices edge up on expected drop in U.S. crude stocks

05/12/2017(0)
Oil prices nudged higher on Tuesday, buoyed by expectations of a drop in U.S. crude stockpiles and after last week’s deal between OPEC and other crude producers to extend output ... 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 falls on doubts over extending output cuts

29/11/2017(0)
Oil prices fell on Wednesday on doubts OPEC and Russia will agree on extending a crude production cut that the market has already priced in, and after a report ... Read More
A flame rises from a chimney at Taq Taq oil field in Arbil

What Drives The Oil Prices Rise

22/11/2017(0)
Oil prices rose on Wednesday as ongoing cuts of piped Canadian crude to the United States added to falling U.S. crude inventories, while expectations of a prolonged OPEC-led production ... 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

Oil Prices Leap On Back Of Major Pipeline Leak

20/11/2017(0)
The combination of a major US pipeline leak of 795,000 litres and additional OPEC production cuts saw oil prices jump more than two per cent after a series of ... Read More
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