Oil glut
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...
Global Oil Supplies Up, But OPEC Abides By Output Cut
OPEC countries are complying with a landmark deal to reduce a worldwide glut in oil, but global supplies nevertheless...
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...
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...
Oil Overhang Points To Need For Extended OPEC Output Cuts
An OPEC-led production cut may well be accelerating a drawdown in global oil stocks that began last year, but...
Oil Higher After Saudi Arabia Cuts Output, China Imports Rise
Crude prices edged up in early Friday trade following reports that major producers have started cutting production as...
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 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...
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...
Nigeria, Libya Output To Push Down Oil Price
Oil production from members of the Organisation of Petroleum Exporting Countries (OPEC) may have reached a new record,...