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OPEC

oil-well

Shale Output Is Falling Faster Than Expected

15/04/2015(0)
Shale drillers will see production drop sooner than expected under a U.S. government forecast, a momentum change that hints at an eventual price rally. Just five months after Saudi ... Read More
oil and gas - britain

Top 12 Media Myths on oil prices

13/04/2015(0)
The upstream oil and gas industry is not a black hole. There’s no mystery wrapped in an enigma here. There are a lot of meetings with engineers, chemists and ... Read More
oil-well

Saudi Arabia’s move for larger global oil market share to adversely affect Russian economy

09/04/2015(0)
The feedstock production growth in Saudi Arabia will adversely affect the Russian economy, Kuwait-based oil expert Kamel al-Harami says Saudi Arabia is seeking after the larger OPEC’s share on ... Read More
oil - petrol - A man fills up his car

Oil down on U.S. stock build, record Saudi output

08/04/2015(0)
Oil prices fell more than a percent on Wednesday as industry data showed a larger-than-expected weekly build in U.S. stockpiles and as Saudi Arabia reported record output in March. The decline in ... Read More
iran-oil-rig

Iran Moves Closer to Restoring Oil Exports on Nuclear Accord

03/04/2015(0)
Iran’s accord with world powers brings the OPEC member a step closer to restoring oil production that was cut by sanctions while leaving unresolved when it will happen. The ... Read More
oil-well

Oil price ‘could fall to $30’ say trading experts

27/03/2015(0)
Oil prices continued their downward spiral Friday, falling more than $1, after a short-lived rally of around 5 percent the previous day, as concerns of a disruption to supplies ... Read More
West Texas Oil

Oil prices down as Opec remains stern about production levels

23/03/2015(0)
Oil prices declined further after Saudi Arabia’s oil minister said it is not the sole responsibility of Opec to raise oil prices in further indication that the biggest oil ... Read More
oil - petrol - A man fills up his car

Oil Slump Extends to a Fifth Week as Global Glut Seen Expanding

20/03/2015(0)
Oil trading near the lowest price in six years is headed for a fifth weekly drop amid signs the global supply glut is worsening. Futures were little changed in ... Read More
oil platform in sea

OPEC to keep production steady as oil rally falters

19/03/2015(0)
The Organization of Petroleum Exporting Countries (OPEC) has ‘no choice’ but to maintain its current production level of 30 million barrels per day, according to Kuwait’s oil minister Ali ... Read More
oil platform in sea

U.S. Oil Prices Fall to Fresh Six-Year Lows

18/03/2015(0)
Oil prices fell further in Asian trade Wednesday with U.S. crude posting fresh six-year lows on mounting worries over rising supplies. On the New York Mercantile Exchange, light, sweet ... Read More
Broker Cyprus TopFX