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Oil prices rose 3.17 per cent last week as OPEC said...

U.S. crude oil futures ended lower last Friday, June 11, snapping a three-day winning streak, as disappointing U.S. retail sales out shadowed...

OPEC, non-OPEC Reach Oil Cuts Deal Amid COVID-19

An emergency video conference between OPEC and non-OPEC ministerial partners, chaired by Saudi Arabia, ended on Sunday with a continued commitment of the participating...

ADNOC committed to OPEC’s Output Cuts Agreement

The Abu Dhabi National Oil Company (ADNOC), in line with the recently agreed oil production cut resolution adopted by OPEC, is undertaking the necessary...

Crude Oil, Gold and Silver rise on weak Dollar

Crude oil prices climbed Wednesday as US inventories dropped unexpectedly last week. The Energy Information Administration reported on Wednesday, US Crude inventories fell 4.4M...

Shell wins fuel concession for Dubai World Central

Dubai World Central - Al Maktoum International Airport at Jebel Ali in Dubai has granted a fuel concession to Shell Aviation - the aviation...

Oil Shock to the Global Economy

Global energy markets brace for a shock, as Japan is expected to seek replacement to large amounts of the country's nuclear power capacity, devastated...

Oil demand growth expected to remain subdued in 2016

Having peaked, at a five-year high of 1.6m barrels per day (mb/d) in 2015, global oil demand growth is forecast to ease back considerably...

Oil futures ended above $104 a barrel

Oil futures ended above $104 a barrel Friday and registered a weekly gain of nearly 7% , as investors consider that turmoil in Libya...

Oil production freeze talks in Doha have run into some last-minute...

Oil production freeze talks in Doha between some of the world's largest oil producers have run into some last-minute trouble after Iran announced it...

Oil prices expected to move lower

Last week, crude oil for October delivery ended on a positive note as WTI advanced for the fourth week running. The contract expires on...

Gold, silver, crude oil turning bearish

Gold and silver futures slumped Wednesday as the euro weakened, prompting a rally for the US dollar. Euro dropped to a three-week low against...

Crude price rebound will start in H2 of 2016, some analysts...

Part of the reason oil is the trade of the year is because it’s going to have such a broad affect, it’s going to...

Oil Prices Need to Be $60 to $80 to Balance...

• Drilling and completion spending has dropped by 28% YoY since its 2014 peak, and BofA see another 5% decline next year • Oil field...