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OPEC

A worker grabs a nozzle at a PTT gas station in Bangkok

Oil prices jump as Goldman Sachs says market flips into deficit

16/05/2016(0)
Oil prices jumped over 1 percent on Monday after long-time bear Goldman Sachs said the market had ended almost two years of oversupply following global oil disruptions and flipped ... Read More
saudi-arabia

Meet the new Saudi Arabia, nothing like the old Saudi Arabia

11/05/2016(0)
After years of building a glut, the world’s oil industry by the end of this year is expected to stop overproducing more crude than the world can use. But ... Read More
iran

What Saudi Arabia’s decision to replace its once-influential oil minister really means

09/05/2016(0)
Saudi Arabia’s decision to replace its once-influential oil minister is being viewed widely as the latest effort of Deputy Crown Prince Mohammed bin Salman to consolidate power and pursue what one ... Read More
Derricks at Yuganskneftegaz oil processing facility at Mamontovskoye oilfield outside the Siberian ...

Oil Rises as Canadian Fires Spread, Saudi Oil Minister Replaced

09/05/2016(0)
Canada wildfires cut oil-sands production by about 40%: IHS Ali al-Naimi succeeded by Al-Falih, head of state oil company Crude rose as expanding wildfires in Canada knocked out about 1 ... Read More
A petro-industrial factory is reflected in a traffic mirror in Kawasaki near Tokyo

Oil jumps on Canadian wildfire, Libyan fighting

05/05/2016(0)
Oil prices jumped on Thursday as a huge wildfire in Canada disrupted oil sands production, while escalating fighting in Libya threatened the North African nation’s output. International benchmark Brent ... Read More
Pump jacks are seen at the Lukoil company owned Imilorskoye oil field outside the West Siberian city of Kogalym

Iran Outwitting Saudis on Oil, Bloomberg Says

25/04/2016(0)
Iran’s oil exports are growing much more quickly than analysts predicted back in January when sanctions were eased. If the recovery continues at the recent pace, it could raise an ... Read More
markets

Asian Stock Rally Sputters as Crude Retreats; China Shares Slump

20/04/2016(0)
Aussie, Kiwi fall from the strongest levels since June Oil slips to about $40 as Kuwait strike ends; silver gains A rally in Asian stocks stumbled as oil fell ... Read More
A man riding on a bicycle looks at an electronic board showing the stock market indices of various countries outside a brokerage in Tokyo

Asian shares skid, crude tumbles after Doha deal fails

18/04/2016(0)
Tumbling crude oil futures knocked Asian shares on Monday after producers’ talks failed to agree on a plan to curb the global supply glut, while Tokyo stocks skidded as ... Read More
saudi

Oil Plunges After Output Talks Fail Amid Saudi Demands Over Iran

18/04/2016(0)
No Doha deal as Saudi insists all OPEC members must join Russia says it was surprised by some nations changing position Oil tumbled by the most in two months ... Read More
oil

Russia Says Oil-Freeze Deal Could Go Ahead Without Iran

14/04/2016(0)
Comments come ahead of meeting between major oil-producing nations in Qatar on Sunday Russian Energy Minister Alexander Novak said Wednesday that an agreement on freezing oil production could be ... Read More
Broker Cyprus TopFX