Project delays and slowing shale production will lead to a rebound in oil prices next year, according to the UAE’s energy minister Suhail Al Mazrouei. The minister yesterday said ... Read More
Prices rise on new option to send U.S. oil to Mexico and smaller-than-expected stockpile addition The benchmark U.S. oil price soared to its largest gain in two months, as ... Read More
Not even the mighty Middle East can survive cheap oil forever. If oil stays around $50 a barrel, most countries in the region will run out of cash in ... Read More
U.S. oil output almost back down to level of last OPEC meeting Saudi-led strategy is paying off, says Societe Generale After a year suffering the economic consequences of the ... Read More
Members discounting their crude to lure Asian buyers Kuwait’s official selling price diverges from Saudi Arabia When it comes to deciding how much to charge Asian oil buyers, OPEC members ... Read More
“Two men enter, one man leaves, two men enter, one man leaves, two men enter…” Oil consuming countries will celebrate the first anniversary of the Saudi decision to let ... Read More
Oil prices steadied on Friday, snapping a week-long decline as investors closed positions at the end of a volatile week that saw prices slide nearly 10 percent on renewed ... Read More
The price of gold has definitively broken through what was seen as a key resistance level, setting the precious metal on a path to its first positive year-end finish ... Read More
OPEC reports that its output rose to a more-than-three-year-high in September Oil prices dropped Monday after the Organization of the Petroleum Exporting Countries reported that its output rose to ... Read More
Non-OPEC crude oil supply due to contract, OPEC chief says Global prices have bottomed, signs of 2016 recovery: Qatar Oil extended gains near $50 a barrel amid speculation an ... Read More
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