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OPEC

Brent Crude Oil

Brent drops towards five-year low near $57, supply glut weighs

30/12/2014(0)
Brent oil extended losses into a fourth session on Tuesday, with prices hovering close to a more than five-year low above $57 per barrel, as persistent worries about a ... Read More
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Oil prices rise but Opec production will keep them around $60 for 2014

22/12/2014(0)
Oil prices have risen by 2% on Monday 22 December, however analysts warn that it’s unlikely that the average price for 2014 will be above $60 per barrel (bbl). ... Read More
Brent Crude Oil

Where Are Oil Prices Headed In The Long Run?

18/12/2014(0)
Global benchmark crude oil prices have declined sharply this year on slower demand growth and rising supplies. The growth in demand for crude oil has slowed down significantly this ... Read More
Derricks at Yuganskneftegaz oil processing facility at Mamontovskoye oilfield outside the Siberian ...

Brent steady above 61 dollars

18/12/2014(0)
Brent crude held steady above $61 a barrel on Thursday, bringing a sharp drop in prices to a temporary halt as companies are forced to cut upstream investments around ... Read More
Brent Crude Oil

Brent below $60: Prepare for ‘dramatic’ investment cuts

16/12/2014(0)
Brent crude prices fell below $60 per barrel for the first time since July 2009 on Tuesday, prompting analysts to warn of a “dramatic” cut in investment – which ... Read More
Derricks at Yuganskneftegaz oil processing facility at Mamontovskoye oilfield outside the Siberian ...

Oil plumbs depths as OPEC refuses to blink

16/12/2014(0)
A modest rebound by oil futures gave way to fresh selling Monday, clearing the way for a new round of lows after the Organization of the Petroleum Exporting Countries ... Read More
Derricks at Yuganskneftegaz oil processing facility at Mamontovskoye oilfield outside the Siberian ...

Oil Extends Drop Below $60 as Producers Tussle for Market Share

12/12/2014(0)
Oil extended losses below $60 a barrel amid speculation that OPEC’s biggest members will defend market share against U.S. shale producers. Brent also slid after closing at the lowest ... Read More
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Wounded OPEC to feel more pain next year

10/12/2014(0)
A price war has slashed the price of oil by more than 40% in six months and put U.S. gas on the path to $2 a gallon. And on Wednesday, OPEC cut its ... Read More
Derricks at Yuganskneftegaz oil processing facility at Mamontovskoye oilfield outside the Siberian ...

New U.S. oil and gas well November permits tumble nearly 40 percent

03/12/2014(0)
Plunging oil prices sparked a drop of almost 40 percent in new well permits issued across the United States in November, in a sudden pause in the growth of ... Read More
Brent Crude Oil

Oil falls below $72 after sharp rally in volatile market

02/12/2014(0)
Brent oil fell below $72 a barrel on Tuesday, giving up some of its gains in the previous day’s rally from five-year lows, as traders voiced uncertainty over whether ... Read More
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