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OPEC does not interfere in crude oil prices

The UAE Energy Minister Mohammed Bin Dha'en Al-Hamili said the Organization of the Organization of the Petroleum Exporting Countries (OPEC) does not interfere in...

Dubai Gold & Commodities Exchange Weekly Market Commentary

The Weekly Market Commentary from DGCX is providing a snapshot of what’s happening in the energy, precious metal and currency futures markets. In the final...

Dubai crude oil price determination

The Department of Oil Affairs in the government of Dubai today announced that it had advised its customers that the official price of Dubai...

Chart Partners’ Schroeder Sees $58 Oil, Recession Risk

Thomas Schroeder, managing director at Chart Partners Group Ltd., talks with Bloomberg's Rishaad Salamat about technical analysis of the oil market. Speaking from Bangkok,...

Dubai crude to be priced at a 20 cents discount during...

The selling price for Dubai crude oil, will be fixed at a 20 cents discount against Oman futures for September in comparison to...

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...

Oil Weekly Update

US crude oil futures fell last Friday, ending May with the worst monthly decline since December 2008, at the height of the financial crisis,...

Weekly update on Oil and Gas

US crude oil futures ended lower on Friday as persistent worries that Europe's debt crisis would slow the global economic recovery pressured investors to...

Global oil market oversupplied

U.S. crude oil futures ended lower for the fourth session in a row last Friday, May 14, and extended losses for the second straight...

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...

Current levels of Oil Prices “acceptable and reasonable” for Producers &...

Current levels of oil prices in the range of 70-80 dollars per a barrel are ''acceptable and reasonable'' for both producers and consumers, H.E....

OPEC basket price slips to USD 69.71 pb

Organization of the Petroleum Exporting Countries (OPEC) said on Monday that its 12-crude basket price dipped by USD 3.02 to settle at...

Dubai new oilfield operation will begin within a year

An offshore oilfield announced by Dubai this week is likely to begin commercial production within a year. The field which is named al-Jalila will...

Sheikh Mohammed announces new oil discovery in Dubai

H.H. Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister of UAE and Ruler of Dubai today announced the new oil discovery in...

CrossTalk on Oil: Crude Truths

Experts are split is the world really running out of oil and natural gas? The answer to this question may very well determine the...

Will Oil break out of trading Rrange?

Interview and discussion with Edward Morse of the LCM Commodities. He shares his insights on how oil will trade in the future.

Oil Tumbles

Oil set for biggest weekly drop since July.

Russia becomes world’s biggest oil producer

For decades the world's major oil producers have tried to control prices by cutting or raising supplies, which relied on all of them sticking to agreed quotas. But unity...