Cartels
OPEC Delivering On Agreed Oil Output Cuts
The OPEC oil cartel has implemented more than 90 percent of its agreed output cuts aimed at curbing a glut on world...
Russia To Decide In April-May If Global Oil Deal Should Be Extended
File image, A view shows an oil derrick and other facilities at Vankorskoye oil field Russia will decided in April or...
Oil Edges Up On Threat of U.S. Issuing New Iran Sanctions
Oil prices edged up on Friday on news that U. S. President Donald Trump could be set to impose new sanctions on...
Oil Edges Further Above $55 On Russia, OPEC Cuts
Oil edged further above $55 a barrel on Wednesday supported by signs that Russia and OPEC producers are delivering on...
Oil Shipments Show That OPEC Is Sticking To Its Cuts
Oil supplies from OPEC are plunging this month as the group implements production cuts aimed at erasing a global...
Equatorial Guinea Has Applied To Join OPEC
This would bring the oil producer group's membership to 14 countries Equatorial Guinea has now applied to join the...
Oil Prices Rise
Oil prices rose in the first trading hours of 2017, buoyed by hopes that a deal between OPEC and non-OPEC members to...
Oil Prices Rise As Markets Eye OPEC, Non-OPEC Production Cuts
U. S. oil prices rose in the first trading hours of 2017 on Tuesday, buoyed by a deal for OPEC and non-OPEC production...
Oil Down, But Ends Year With Biggest Gain Since 2009
Oil prices have slumped since the summer of 2014 from above $100 a barrel Oil prices have slumped since the summer of...
Oil Jumps 1.7 Percent, Adds To Year’s Gains Ahead of OPEC Cuts
Oil jumped 1.7 percent Tuesday, continuing its year-end rally with support from expectations of tighter supply once the...
Oil Prices Rise In Anticipation of Tighter 2017 Market
Oil prices rose on Monday in anticipation of tighter crude supply going into 2017 following the decision by OPEC and...
OPEC, Non-OPEC Agree First Global Oil Pact Since 2001
OPEC and non-OPEC producers on Saturday reached their first deal since 2001 to curtail oil output jointly and ease a...
OPEC Deal Sends Oil Spiking 14% In 3 Days
Don't blink. You might miss another jump in oil prices. Crude has spiked 14% in just the past three days, ending Friday...
Oil Price Soars As Opec Agrees Output Cut
Saudi Arabia agreed to cut output by about 500,000 barrels per day - a total reduction of 4.5%. The oil cartel Opec has...
Oil Extends Slide Below $46 On Skepticism Over Opec Output Deal
Oil extended declines to slip below US$46 a barrel amid skepticism over OPEC’s ability to reach an agreement to cut...
Oil Prices Drop Ahead of Opec Meeting
The price of benchmark crude oil has fallen almost 4% as traders question whether Opec can agree on a deal to limit...
Oil Pinned Near Three-Month Lows As Gloom Grows Over OPEC
Oil fell to its lowest in three months on Monday, as the prospect of another year of oversupply and weak prices...
Oil Prices Slip As OPEC, IEA Data Underscores Crude Glut
Oil prices slipped on Friday as the market refocused on a persistent supply overhang that is not expected to abate...
World Bank Projects Increment In Oil Price In 2017
The World Bank is raising its 2017 forecast for crude oil prices to $55 per barrel from $53 per barrel. It explained...