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OPEC

A gas station attendant pumps fuel into a customer's car at PetroChina's petrol station in Beijing

Oil rises after month of steady decline but oversupply still weighs

01/08/2016(0)
Oil rose on Monday, driven by new orders as traders staked out positions at the start of the new month, but the market remains dogged by a crude glut, ... 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 falls on glut fears, but China data curbs losses

15/07/2016(0)
Crude futures dipped in Asian trading on Friday on renewed concerns about a global oil glut, but losses were capped by slightly better than expected Chinese economic data reflecting ... Read More
Oil tanks seen at the Saudi Aramco headquarters during a media tour at Damam city

So how big are Saudi Arabia’s oil reserves, really?

07/07/2016(0)
“How much oil lies beneath the desert sands of Saudi Arabia and how long will it last before running out?” is a question that has intrigued and confounded oil ... Read More
iran-oil

Iran’s Oil Comeback May Already Be Over

16/06/2016(0)
Crude output may peak in 2016 at 3.6-3.8 million barrels a day Investors facing sanctions, political risk in entering country Iran easily beat expectations with its speed in boosting ... Read More
european-stocks

European stocks seen higher, focus switches to US jobs

03/06/2016(0)
European stocks opened higher on Friday as investors turned their attention to a key U.S. jobs report that could hold the key to a Federal Reserve interest rate hike ... Read More
iran-oil

Opec: No Deal Amid Saudi-Iran Stand-Off

02/06/2016(0)
Oil prices have remained flat in early Asian trading, as investors await the outcome of today’s Opec meeting in Vienna. Early this morning, Brent crude was trading at just ... Read More
markets

Japanese Stocks Drop as Yen Advances; Oil Near $49 Before OPEC

02/06/2016(0)
Euro climbs to one-week high before ECB policy review Haven assets including gold and U.S. Treasuries rise Japanese stocks fell by the most in a month and the yen ... Read More
A natural gas flare on an oil well pad burns as the sun sets outside Watford City, North Dakota

OPEC has turned into battleground between Saudi Arabia and Iran

30/05/2016(0)
The next OPEC meeting on the 2nd of June will act as little more than a forum for continued altercations between Saudi Arabia and Iran, writes Rakesh Upadhyay of Oilprice.com. ... Read More
A natural gas flare on an oil well pad burns as the sun sets outside Watford City, North Dakota

Oil prices dip on strong dollar, firm global supply

23/05/2016(0)
Oil prices slipped in Asian trade on Monday on a strong dollar and signs that global crude supply is holding up even as volumes hit by unplanned outages rise ... Read More
Worker grabs a nozzle at a petrol station in Tehran

Oil prices rise as turmoil in Nigeria adds to global supply disruptions

20/05/2016(0)
Oil prices rose in early trading on Friday as turmoil in Nigeria, shale bankruptcies in the United States and crisis in Venezuela all contributed to tightening supplies. Despite this, ... Read More
Broker Cyprus TopFX