Non-Opec oil output set for biggest fall since 1992 says IEA
September 15, 2015
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Non-Opec oil output set for biggest fall since 1992 says IEA

Shale oil production in the USA will drop by 385,000 barrels a day next year…

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FT: Oil fund manager Andurand sees crude prices below $30
September 7, 2015
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FT: Oil fund manager Andurand sees crude prices below $30

Despite data on Wednesday showing a huge build in USA crude inventories, oil rallied early…

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Crude Oil is Steady despite Decline in Gasoline and Heating oil
August 30, 2015
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Business

Crude Oil is Steady despite Decline in Gasoline and Heating oil

Moreover, the report also showed that US crude production fell by just 11,000 barrels per…

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OPEC Arab Producers Bracing for Weakness in Oil For Remainder 2015
August 30, 2015
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World

OPEC Arab Producers Bracing for Weakness in Oil For Remainder 2015

Today China is undoubtedly the first item on the agenda of governmental and OPEC meetings.…

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Venezuela pushing OPEC members for emergency meeting with Russian Federation
August 29, 2015
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World

Venezuela pushing OPEC members for emergency meeting with Russian Federation

Saudi Arabia is leading the drive for lower prices, producing oil at full capacity despite…

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Oil price hits 6.5-year low of almost $40 a barrel
August 26, 2015
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Oil price hits 6.5-year low of almost $40 a barrel

“The numbers were a total surprise with crude showing a build when the whole Street…

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Oil falls towards six-and-a-half-year lows on gasoline build
August 26, 2015
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Business

Oil falls towards six-and-a-half-year lows on gasoline build

Oil stabilised on Wednesday after China’s central bank moved to support the country’s economy, but…

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Iran says an OPEC emergency meeting may stop oil price slide: Shana
August 26, 2015
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Business

Iran says an OPEC emergency meeting may stop oil price slide: Shana

Oil prices have been sinking for months, and the huge losses on the Chinese stock…

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Crude Tumbles To 6-Year Low As Supplies Rise
August 25, 2015
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Business

Crude Tumbles To 6-Year Low As Supplies Rise

October Brent crude LCOV5, -0.59% on London’s ICE Futures exchange also fell $1.65, or 3.4%,…

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Oil prices fall as equity markets plunge
August 25, 2015
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Business

Oil prices fall as equity markets plunge