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DME Concludes Basrah Crude Oil Auction with $13.7 Million Premium

Dubai Mercantile Exchange, the premier international energy futures and commodities exchange in the Middle East, concluded its latest auction on Wednesday 20 September 2017,...

DME starts 2017 with new open interest record

All-time record confirms growing interest and confidence in the Oman Crude Oil Futures Contract among global energy market players Dubai Mercantile Exchange (DME), the premier...

Oil Price above $87 and expected to go higher in the...

Oil prices rose more than 2 percent on Monday to their highest since October 2008, after data showed U.S. payrolls surged in March, the...

OPEC provides above oil market needs

OPEC pumps 1.62 million bpd above target in April Global demand growth in 2012 rises to 900,000 bpd OPEC is currently producing enough oil to keep...

OPEC likely to increase oil production

OPEC oil ministers are set to hold a regular ministerial meeting in Vienna on June 8, to mull the market’s supply and demand and...

Positive US employment data drove oil prices down

On Monday, oil prices edged down in respond to the positive US employment data released last Friday. The firm jobs growth brought concerns that...

Oil market to “move close to balance” in H2 of 2016

Evidence of falling U.S. production and a drop in supplies outside of OPEC will help the oil market "move close to balance" in the...

Saudi Arabian Oil Minister discusses Straits of Hormuz, oil production

On “Global Exchange on CNN International” today, John Defterios and Ali Al Naimi, Saudi Arabian Oil Minister discussed oil production and price, Iran and the Straits of Hormuz....

How Will OPEC Output Cuts Affect the Middle East

OPEC is the organization responsible for regulating at least half of the world's oil output, and as such has become significant in recent years,...

Oil Tumbles

Oil set for biggest weekly drop since July.

OPEC issues Oil Market Highlights for May

The OPEC Secretariat has issued its monthly oil market report for May 2013. Following are oil market highlights from the Monthly Oil Market Report by...

Future demand for oil may pull oil price lower

EIA reported an increase of 1.3 million barrels of crude oil for the week ended October 7, pushing the price lower.

Global Oil Demand Weakens, Bank Report

In November of last year, BofA expected global oil demand to grow by 0.95 million b/d in 2013. Now this number is revised down...

Oil Prices to remain volatile

Analysis and discussion with Doug Sandler of Riverfront Investment Group

Oil Prices Fall

Oil consumption could fall this year by the most since 1981 according to the IEA.

Oil prices remain focused on Euro zone liquidity crisis solutions

Looking forward, oil prices will remain focused on talks that emerge from the meetings in Europe.

Brent crude oil prices to soar in 2013

Global economic activity is starting to accelerate Lately the global economy demonstrates optimistic signs of revival. At the beginning of 2013, the global growth outlook...

Oil to reach $85 this year

Goldman Sachs says oil will reach $85 a barrel by the end of the year.