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
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
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
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
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
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
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
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
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
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
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