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Russia

A maze of crude oil pipes and valves is pictured during a tour by the Department of Energy at the Strategic Petroleum Reserve in Freeport

U.S. oil holds near seven-week high; OPEC upbeat on output curbs

22/02/2017(0)
Oil prices held near multi-week highs on Wednesday after OPEC signaled optimism over its deal with other producers to curb output to clear a glut that has weighed on ... Read More
Israeli-flag

Greece, Israel, Italy, Cyprus to discuss natural gas pipeline

02/02/2017(0)
Government representatives from Italy, Greece, Cyprus and Israel plan to meet in February to discuss a natural gas pipeline from the east Mediterranean fields to Greece and Italy, according ... Read More
A fuel tanker navigates near Cienfuegos Oil Refinery southeast of Havana

Oil prices dip as rising U.S. supplies offset OPEC cuts

01/02/2017(0)
Oil dipped on Wednesday, weighed down by ongoing high supplies despite an OPEC-led production cut, but prices remained within a narrow trading band that has been in place since ... Read More
Moscow Exchange

Moscow Exchange to announce new CFO

23/01/2017(0)
Evgeny Fetisov, Chief Financial Officer of Moscow Exchange, will leave his current position at the end of the first quarter of 2017 to take up a post at another ... Read More
A pump jack used to help lift crude oil from a well in South Texas’ Eagle Ford Shale formation stands idle in Dewitt County Texas

Oil prices mixed on Saudi commitment to cut output, investor scepticism

17/01/2017(0)
Oil markets were mixed on Tuesday, supported by growth in U.S. crude production and Saudi Arabia saying it would strictly adhere to a commitment to cut output, but held ... Read More
Oil Prices, A worker checks the valve of an oil pipe at Lukoil company owned Imilorskoye oil field outside the Siberian city of Kogalym

Oil prices edge up on weaker dollar, expected crude output cuts

16/01/2017(0)
Oil prices inched up on Monday, supported by a weaker dollar and expectations that OPEC and other producers will cut output as part of a deal to curb global ... Read More
saudi-arabia-shaybah-oilfield-complex

Saudis expect 46% increase in oil revenue this year

04/01/2017(0)
Saudi Arabia has forecast its revenue from crude oil will significantly rise in 2017, as prices show a positive trend after the deal between OPEC, Russia and other producers ... Read More
Chairman and chief executive officer Rex W. Tillerson speaks at a news conference following the annual shareholders' meeting of ExxonMobil in Dallas

Exxon Mobil, Tillerson agree to cut all ties

04/01/2017(0)
Exxon Mobil Corp (XOM.N) and Rex Tillerson agreed to sever all ties to comply with conflict-of-interest requirements as the company’s former chairman and chief executive awaits confirmation as U.S. ... Read More
A flame rises from a chimney at Taq Taq oil field in Arbil

Oil prices rise as markets eye OPEC, non-OPEC production cuts

03/01/2017(0)
Oil prices rose in the first trading hours of 2017, buoyed by hopes that a deal between OPEC and non-OPEC members to cut production, which kicked in on Sunday, ... Read More
A motorist holds a fuel pump at a Gulf petrol station in London

Oil prices rise on weaker dollar, optimism on output cuts

22/12/2016(0)
Oil prices nudged higher in tepid Asian trading on Thursday, supported by a weaker dollar and optimism that crude producers would abide by an agreement to curb output to ... Read More
Broker Cyprus TopFX