FortuneThis Is the World's New Top Producer of Crude OilFortuneCiting figures from the Joint Organization Data Initiative, Bloomberg reports that first place now falls to Russia, which produced on average 10.49 million barrels of oil a day in December. …

Europe's Big Oil Breaks Even At $50-60 Per BarrelOilPrice.comEurope's big oil companies need oil to stay in a range between US$50 and US$60 a barrel to remain cash flow positive, Fitch Ratings said. The agency added that this represents significant …

RTMonster oil & gas deposits discovered in Iran - local media reportsRT“We have to say goodbye to (finding) such big fields as Yadavaran and Azadegan and get used to discovering smaller fields,”said Seyyed Saleh Hendi, an official from the National Ira …

Are OPEC's Cuts Adding Up to Lower Oil Prices?Wall Street JournalOil traders say they aren't just looking at the most recent numbers from the Organization of the Petroleum Exporting Countries showing it is complying with its pledge to cut almost 1. …

LivemintDon't get used to the amazing cuts in Opec oil productionLivemintLondon: Don't get your hopes up that the oil market's headed back to the future. Ever since Organization of the Petroleum Exporting Countries (Opec) output quotas were int …

ReutersOil Prices Rise on OPEC CutsWall Street JournalOil prices are rising Tuesday after data about OPEC production shows high compliance with its deal on production cuts aimed at raising prices. The Organization of the Petroleum Exporting Countries has t …

Overoptimistic Money Managers Could Crash Oil PricesOilPrice.comOil is getting tonked on this final Monday of the month, as broader market volatility is bringing out the bears. Signs of OPEC compliance continue to counter signs of life from US shale produc …

Analysts See Oil Prices Rising as OPEC Production Cut Bears FruitWall Street JournalAnalysts are raising their oil price forecasts for the first time in five months, even as they continue to see a plethora of risks for this market. Members of the Organizat …

Oil Climbs Despite Higher US InventoriesWall Street JournalOil futures edged higher Thursday, as traders shrugged off another big jump in U.S. oil inventories and remained focused on promised production cuts. Brent crude, the global oil benchmark, rose 0.2 …

Oil Slips Ahead of US Stocks DataWall Street JournalOil prices eased on Wednesday as traders continued to weigh the prospect of production cuts by big oil-producing nations against a rise in U.S. drilling and inventories. Brent crude, the global oil benchm …