Oil Is a Buy for Citigroup as Goldman Says Market Getting Tight Oil’s slump to a five-month low is driven purely by technical trading and supply...
Oil Prices Plunge to 5-Month Low on Thursday Oil prices plummeted to its lowest in five months after data showed the U.S. rising oil production would...
Danger as Some Non-OPEC Members Still Over-produce Oil The Organisation of Petroleum Exporting Countries, OPEC has raised alarm that the volatile market remains under threat because...
Russian Oil Output Declines, Almost at Global Pact Target Russian oil production edged down to 11.00 million barrels per day (bpd) in April from 11.05 million...
Libya’s Oil Output Rebounds as Sharara, El Feel Fields Restarted Libya’s crude production rebounded to more than 700,000 barrels a day as the OPEC member’s biggest...
Oil Market Heading Towards Balance – OPEC OPEC Secretary-General Mohammad Barkindo said on Thursday that an overhang in global oil inventories was declining but stockpiles still...
Libya’s Biggest Oil Field to Reopen as Refinery Back On Libya’s biggest oil field, Sharara, reopened as crude began to move through a pipeline connected to...
Russia Reemerges as China’s Top Oil Supplier Before OPEC Meet Russia retook the top spot from Saudi Arabia in crude supplies to China last month as...
OPEC, Non-OPEC Production Cuts Will Restore Market Stability Oil-exporting cartel OPEC is optimistic that production cuts agreed with non-members to prop up prices will lead to...
Oil Prices Fall to 7-day Low on US Shale Output Surge Crude oil prices fell on Tuesday, hitting their lowest in 7 days as a United...