Iran and the oil price
What does the spread of street protests across Iran mean for the oil market? The immediate response, driven no doubt by the substantial amounts of speculative money…
Global oil prices
UAE energy minister says he’s optimistic about oil market next year
ABU DHABI (Reuters) – United Arab Emirates energy minister Suhail bin Mohammed al-Mazroui said on Monday that he is optimistic about the oil market next…
Oil jumps on fears of new Iran sanctions, Iraq conflict
Oil markets jumped on Monday on concerns over potential renewed U.S. sanctions against Iran as well as conflict in Iraq, while an explosion at a…
OPEC set to meet with allies on compliance
Oil traded near $50 a barrel in New York as efforts by Venezuela’s president to seize more power raised speculation the U.S. could step up sanctions….
Oil prices, half a step is not enough
Reality is slowly dawning. Saudi Arabia has recognised that it is the swing producer in the global oil market and the only country with the…
Petroleum companies slim drilling budgets as caution takes hold
Caution lights are flashing for the oil industry. Facing lower-than-expected commodity prices, drillers from ConocoPhillips to Hess to Statoil have slashed their capital spending plans…
Oil is near 8-week highs
Oil prices edged lower on Friday but were still near eight-week highs, buoyed by a decline in US inventories and oil cartel Opec’s ongoing efforts…
Oil price pauses
Oil futures edged lower on Thursday after fresh gains in the U.S. amid bullish weekly data on both supplies and production. The Energy Information Administration…
Oil price above $50 may give local market a boost
An overnight rebound in oil prices may buoy Arabian Gulf stock markets on Wednesday, while Saudi Arabia could regain some strength as the latest corporate earnings have been…
Saudi view on OPEC deal problems
The committee to monitor the global agreement made by 24 nations to curb production held its fourth meeting this year on July 24 — this…