Cartels
Quantum Oil Case Against IFC To Be Heard In Ghana
An Accra High Court has dismissed a stay application by the International Finance Corporation (IFC) and the OPEC Fund...
Oil Price Plummets Despite Deal To Extend Output Cut
The price of oil has plummeted by about 5%, despite oil-producing nations agreeing to extend production cuts for a...
Wall Street Forges Higher Despite Oil Market’s Glum Mood
Buoyant trading in New York saw Wall Street set fresh records on Thursday, with US stocks recording their sixth...
Oil Producers To Extend Output Curbs At OPEC Meeting
Oil producers inside and outside the OPEC cartel have little choice but to extend their deal from late 2016 curbing...
Iraq Agrees To Nine-Month Extension of OPEC Production Cut
Iraq has agreed to a nine-month extension of a production cut pact among OPEC members that is aimed at boosting crude...
Asian Energy Firms Lead Market Gains On Hopes For Oil Ouput Cut
Energy shares led a broad rally across Asian markets on Monday as oil prices were boosted by growing hopes that an...
Saudi Minister Confident of Oil Cut Extension
Saudi Arabia's energy minister expressed confidence on Sunday of extending a global cut in oil production designed to...
Russia, Saudi Call For Oil Output Deal Extension
The world's biggest oil producers Russia and Saudi Arabia on Monday called for extending an output reduction deal ahead...
Oil Price Tumbles To Five-Month Low
The oil price has fallen to a five-month low as investor concerns resurface about a worldwide glut. Brent crude dropped...
Oil Prices Have Plunged 15% In 3 Weeks
Renewed fears about the oil supply glut have sent crude prices plunging 15% Renewed fears about the oil supply glut...
Oil Producers ‘might Have To’ Extend Output Cuts
Saudi Arabia's energy minister said on Thursday that oil-producing countries might have to extend output cuts agreed...
Oil Producers ‘might Have To’ Extend Output Cuts
Saudi Arabia's energy minister said on Thursday that oil-producing countries might have to extend output cuts agreed...
OPEC ‘optimistic’ Oil Output Cuts Leading To Price Recovery
Oil-exporting cartel OPEC is confident that production cuts agreed with non-members to prop up prices will lead to a...
China Binges On African Oil Like Never Before After OPEC Cuts
China is set to import record amounts of crude oil from West Africa this month as OPEC’s supply cuts pave the way for...
Saudi Arabia Loses Fitch Rating Over Budget Concerns
Saudi Arabia on Wednesday lost its high-quality credit rating from the Fitch agency, which lowered the kingdom a notch...
Halfway Into 2017’s Oil Supply Cut, Asia Remains Awash With Fuel
Halfway into an OPEC-led oil supply cut, Asia remains awash with fuel in a sign that the group's efforts to rein in a...
Saudi Says ‘committed’ To Oil Market Stability
Saudi Arabia is committed to stabilising the global oil market, the energy ministry of the world's biggest oil exporter...
OPEC Output Cuts Exceed Target
OPEC compliance with oil output reductions has exceeded the target because of higher Saudi cuts, Kuwaiti Oil Minister...
Titans of Oil World Meet In Houston After Two-Year Price War
The biggest names in the oil world come together this week for the largest industry gathering since the end of a...