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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...

“Iran’s crude output boost won’t hurt oil prices”

Iran’s proposed increase in oil production would enter the market gradually after sanctions end and won’t pressure prices, the Iranian Oil Ministry’s Shana news...

This is what happens when oil-rich nations can’t pay their bills

In the summer of 2014, the price of oil tanked, dropping from over $110 per barrel of Brent Crude to where it sits now...

Oil prices will test $30 a barrel sooner rather than later

On Friday, OPEC said it would keep its production level unchanged, basically legitimizing the 1.5 million barrels a day it has been producing over...

Oil Jobs Lost: 250.000 and Counting

Crude oil just capped off a third straight week of declines, as WTI nears the $40 per barrel threshold. Goldman Sachs is once again...

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...

2016 and 2017 Crude Oil Projections Lowered Further

The risk of a decline in global oil prices after the peak of the US driving season back in April was highlighted by the...