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MarketWatchOil on track for 3% weekly lossMarketWatchOil prices tried to rebound Friday on the heels of Thursday's near-5% drop, triggered by disappointment that OPEC didn't take more aggressive measures to cut production. For the week, prices were
Admin 27.05.2017 0 66

BBC NewsOil price plummets despite deal to extend output cutBBC NewsThe price of oil has plummeted by about 5%, despite oil-producing nations agreeing to extend production cuts for a further nine months. Meeting in Vienna, energy ministers from both Opec a
Admin 26.05.2017 0 61

MarketWatchWhy oil is plunging even after OPEC extended its landmark output-cut dealMarketWatch“This is why we haven't seen an enthusiastic response in crude prices following the news of the deal,” he said, adding that he expects oil prices to remain i
Admin 26.05.2017 0 59

MarketWatchOil sinks to 1-week low as OPEC's 9-month output-cut extension disappointsMarketWatchWTI oil looked set to finish below both its 50 and 200-day moving averages, which have converged in recent trade due to a narrow range of trading for future
Admin 26.05.2017 0 71

MarketWatchOil falls below $51 as OPEC's 9-month output-cut extension disappointsMarketWatchBoth U.S. crude oil and Brent were trading near one-month highs ahead of the OPEC meeting, but moved sharply lower when Saudi Arabia oil minister Khalid al-Fali
Admin 26.05.2017 0 73

BBC NewsOpec extends oil production cutsBBC NewsOil-producing nations belonging to Opec have agreed to extend production cuts for a further nine months. Energy ministers have been meeting in Vienna to discuss extending the cut, which was due to expire next
Admin 25.05.2017 0 66

New York TimesOPEC, Fighting Multiple Trends, Tries to Control the Oil MarketNew York TimesWhile the promise of production cuts has once again bolstered oil prices, the optimism may fade, as shale producers in the United States jump back into the market an
Admin 25.05.2017 0 108

BloombergShale Is Just a Scapegoat for Weaker Oil PricesBloombergWhen the Organization of the Petroleum Exporting Countries gathers in Vienna this week, members and non-OPEC oil producers are likely to extend the production cuts put in place in November as
Admin 23.05.2017 0 71

CNBCTrump hits oil price with reported plan to sell half of strategic reservesFinancial TimesMr al-Marzouq also told reporters in Vienna that Saudi Arabia, Opec's biggest producer and defacto leader, had talked to three oil producers which have not so
Admin 23.05.2017 0 46

MarketWatchOil ends at one-month high as traders bet on extension of output deal into early 2018MarketWatchOil prices climbed on Monday, pushing futures to their highest settlement in about a month, as expectations grow for an extension to the OPEC-led pro
Admin 23.05.2017 0 49