ReutersSaudis cut oil output to lowest in two years, pledge further reductionsReutersThis means Saudi Arabia has cut oil production by more than the 486,000 bpd it agreed to late last year under a global deal to curb production and stem a fall in oil price …

ReutersOil rises on OPEC output cuts, China demand forecastReutersLONDON Oil prices rose on Thursday, supported by reports OPEC was starting to cut output and expectations of strong demand growth in China, but rising U.S. crude inventories reinforced conce …

ReutersOil holds near annual peaks, awaiting OPEC cutsReuters1. OPEC and non-OPEC producers are expected to lower production by almost 1.8 million barrels per day (bpd), with Saudi Arabia, OPEC's largest producer, agreeing to bear the lion's share …

FortuneOPEC Tries to Save Oil Deal as Tensions GrowFortuneOPEC was trying on Monday to rescue a deal to limit oil output as tensions grew among the producer group and non-OPEC member Russia, with top exporter Saudi Arabia saying markets would rebalance eve …

ReutersIraq's oil contracts make joining OPEC output cut more painfulReutersOPEC member Iraq pays developers a fixed dollar-denominated fee for every barrel of oil produced in the south of the country - home to its biggest reserves - under technical se …

ReutersOil edges up ahead of US data, OPEC jostling caps gainsReutersLONDON Oil edged up on Tuesday ahead of the release of U.S. crude inventory data, which in recent weeks has provided bullish surprises, but comments by OPEC members regarding chances of a …

MarketWatchOil edges up ahead of US data, OPEC squabbles cap gainsReutersLONDON Oil edged up on Tuesday ahead of the release of U.S. crude inventory data, which in recent weeks has provided bullish surprises, but a flurry of top-level comments from OPEC me …

ReutersOil prices dip on OPEC squabbles ahead of planned production cutReutersUntil there is more clarity on the planned cut, which OPEC hopes will be coordinated with non-members like Russia, analysts said oil prices would likely remain range-bound - but …

Financial TimesOklahoma, Pennsylvania recovering after weekend oil spillsRTAn oil spill in Oklahoma forced the shutdown of a major, 850,000-barrel per day pipeline system that supplies crude oil to Texas refineries. The incident follows another pipeline ru …

World Bank Ups Its 2017 Oil Price Forecast To $55OilPrice.comThe World Bank has just upped its oil price forecast for 2017, saying it now expects average prices to be US$55 a barrel over the next year. That's US$2 more than its earlier forecast, which …