Chronology of world oil market events
Local Fuel Prices To Drop Slightly
The local fuel market in the first Pricing-window in June 2017 recorded interesting turn of events. Prices were...
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...
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...
Fuel Prices To Drop In 2nd Pricing Window of May – IES
The Institute of Energy Security (IES) has predicted an average drop of 1.03% percent in fuel prices for the second...
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 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...
Oil Output Cuts Pressure Mideast Economic Growth
Economic growth in Saudi Arabia and most other Arab oil exporters will slow this year following production cuts aimed...
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...
U.S. Energy Stocks, Darlings Last Year, Stumble In 2017
The energy sector is the stock market's dud so far in 2017 after a banner performance in 2016, and the rest of the year...
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...
Oil Gains As Bullish Bets On Rising Prices Hit Record High
Oil prices rose on Monday as investors showed record confidence in prices rising further, though gains were capped by...
Oil Prices Slip As High Stocks Overshadow OPEC Cuts
Oil slipped on Friday, pressured by growing global stocks, while expectations that an oil output cut by producers might...
Fuel Prices To Go Up By 3%
The Institute for Energy Security (IES) has indicated that if government does not take any action to address recent...
Fresh US Drilling Capping Oil Price
Renewed drilling by US oil producers is keeping a ceiling on a global crude price recovery, cutting into the impact of...