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OPEC

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China and Middle East will drive oil demand: OPEC

16/03/2015(0)
Almost half of this year’s oil demand growth is likely to come from China and the Middle East, the Organization of the Petroleum Exporting Countries (OPEC) said Monday. In ... Read More
Oil_well

Saudis’ Oil Price War Is Paying Off

27/02/2015(0)
Three months after Saudi Arabia made clear it was going to let oil prices keep tumbling, the strategy is showing signs of working. U.S. drillers are idling rigs at ... Read More
oil

Oil giant BP predicts Opec comeback as Brent crude price rises

18/02/2015(0)
Saudi Arabia and its fellow Opec members are set to make a massive comeback and regain control of the world’s crude oil market, and could be in their previous position of ... Read More
oil pipes

OPEC Producers Cut Oil Prices to Asia in Battle for Market Share

11/02/2015(0)
Iraq and Iran joined Saudi Arabia in cutting their March crude prices for Asia to the lowest level in more than a decade, signaling the battle for a share ... Read More
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OPEC’s El-Badri Says $200 Oil Possible With Lack of Spending

26/01/2015(0)
OPEC’s secretary-general said oil prices as high as $200 a barrel are possible if producers fail to invest in new supply. Crude futures pared losses in London and New York. “If you ... Read More
factory petro-hemicals

Oil jumps as Saudi king’s death feeds market uncertainty

23/01/2015(0)
Oil prices jumped in Asian trading on Friday as news of the death of Saudi Arabia’s King Abdullah added to uncertainty in energy markets already facing some of the ... Read More
imf_market_business

World Economic Outlook (WEO) UPDATE

20/01/2015(0)
Cross Currents   Global growth will receive a boost from lower oil prices, which reflect to an important extent higher supply. But this boost is projected to be more ... Read More
oil platform

Increased U.S. Output Bolsters Oil Glut Fears Sending Prices Back Down

15/01/2015(0)
Oil resumed its decline after the biggest gain since June 2012 as U.S. crude production increased, bolstering speculation a global supply glut that spurred last year’s price collapse may ... Read More
oil pipes

OPEC vs. U.S.: Who will blink first on oil?

14/01/2015(0)
The Merriam-Webster dictionary offers this definition for the word capitulate: “to stop fighting an enemy or opponent; to admit that an enemy or opponent has won.” I’m not sure ... Read More
oil platform in sea

Oil prices extend slide in commodities sell-off

14/01/2015(0)
Oil prices fell more than 1 percent on Wednesday after touching their lowest in nearly six years the previous session, extending losses alongside a sell-off in other commodities. Commodities came under ... Read More
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