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Crude oil prices fell on Thursday after OPEC said it expected demand to drop more than expected, although data showing a decline in US inventories lent support. Brent crude...
The current developments and future prospects of the global oil markets were deliberated on Friday by the oil ministers of the UAE, Saudi Arabia, Kuwait, Bahrain, Oman and Iraq. This...
Oil prices fell on Thursday after OPEC and other producers including Russia agreed to ease record supply curbs from August, though the drop was cushioned by tightening global inventories...
OPEC and allies such as Russia meet on Wednesday to decide oil output policy from August amid broad market expectations the group will ease supply curbs as the global...
Oil slipped nearly 1% on Monday as traders eyed an OPEC technical meeting this week which is expected to recommend an easing in supply cuts that have been propping...
Brent oil rose to above $42 a barrel on Friday, adding to gains in the previous session, after Opec producers and allies promised to meet supply cuts and on signs...
Opec and allied nations agreed on Saturday to extend a production cut of nearly 10 million barrels of oil a day through the end of July, hoping to boost energy...
Iran's OPEC governor Hossein Kazempour-Ardebili has died of a brain haemorrhage two weeks after falling into a coma, the country's oil ministry said in a statement on Saturday. "Kazempour-Ardebili,...
Opec on Thursday again cut its forecast for 2020 global oil demand due to the “historic shock” delivered by the coronavirus outbreak, and said the reduction may not be the...
Commodity currencies slipped against their safe-haven rivals such as the dollar and yen on Monday as a record output cut, agreed by OPEC and other oil producing nations, failed to...
