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OPEC Keeps Oil Output Same for 2013; Shale Oil Boom in...

The 163rd Meeting of the Conference of the Organization of the Petroleum Exporting Countries (OPEC) convened in Vienna, Austria, on 31 May 2013, under...

UAE oil output is 2.6mbpd: Energy Minister

The United Arab Emirates current oil production is 2.6 million barrels per day, according to Energy Minister Mohammed bin Dhaen Al Hamili. In a statement...

Oil falls on output and demand concerns

Oil futures declined nearly 3% Friday, as the dollar strengthened. The dollar traded higher compared to major rivals by the end of the last...

OPEC members unable to agree on oil output

Members of OPEC, the Organization of the Petroleum Exporting Countries, today fail to ratify a proposal by four Middle Eastern countries to boost the...