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What’s behind the drop in oil prices?

The stunning fall in oil prices, from a peak of $115 per barrel in June 2014 to under $35 at the end of February...

Crude Oil Prices Extend Gains

Crude oil prices extended gains in early Asia trade Monday as the market turned more bullish on expectations of smaller supply and growing demand. On...

Could the oil price crunch topple governments?

Egypt's oil minister Osama Kamal has dismissed the head of state-owned Misr Petroleum and another top official due to a crisis in distributing fuel...

Global oil market might begin rebalancing in 2017, IEA

IEA medium-term report sees oil market rebalancing in 2017, but investment cuts pose supply security risks down the road Global oil supply growth is plunging...

Oil prices will remain “low for long, at least 3-5 years”

Fareed Zakaria, host of CNN’s flagship foreign affairs program ‘Fareed Zakaria GPS’ will interview two Indian icons later today, Sunday 21st of February. India’s...

GCC’s fuel subsidy reforms offer only modest fiscal space

While fuel subsidy reforms in members of the Gulf Cooperation Council (GCC) will help address pressure from low oil prices on public finances, these...

Saudi Arabia, Russia and two other countries agree on oil production...

Saudi Arabia's oil minister has agreed to freeze oil production at January levels, indicating that the country may be willing to reassess its "lower...

OPEC’s crude oil production cut is still a hint

Oil prices surged last Friday on world markets, following a report in the Wall Street Journal quoting UAE's minister of energy as saying the...

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 prices fall again on weak data, output doubts

Oil prices fell in early Asia trade Monday, dragged by weak Chinese manufacturing data and dimming prospects of a coordinated production cut by world's...

Kuwait ready to cut oil production; HSBC sees price at $45...

Crude slid 2.57% and Brent lost 2.43% both below $30 a barrel on Tuesday, sending renewed shivers through global financial markets. Investors in Asia were back to selling and...

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...

Valued over $1 trillion Saudi Aramco IPO could go global

As part of a privatization drive, Saudi Arabia is considering an IPO of Saudi Aramco, the world’s biggest crude oil producer, deputy crown price...

Royal Dutch Shell exits Abu Dhabi’s $10bn gas project

Royal Dutch Shell says it is withdrawing from a key natural gas project in Abu Dhabi, mentioning a drastic fall in global energy prices...

Crude price recovery remains long term perspective; Oil production expected to...

The idea that oil prices will bottom out, and a period of retrenchment will begin, isn’t entirely new. Investments in exploration and production are...

GCC stock markets tumble as Iranian oil expected to flood already...

As the end of economic and financial sanctions lifted Iran's equity market, the prospect of Iranian oil flooding an already oversupplied crude market sent...

Brent crude drops below $30; Oil prices could stay lower for...

Brent crude futures fell below $30 a barrel in Asia trade on Thursday as concerns about Iran adding to a supply overhang spooked investors. February...

Oil Seen Heading to $20 on Dollar Strength

A rapid appreciation of the U.S. dollar may send Brent oil to as low as $20 a barrel, according to Morgan Stanley. Oil is particularly...