OPEC agrees modest oil output curbs in first deal since 2008
OPEC agreed on Wednesday modest oil output cuts in the first such deal since 2008, with the group’s leader Saudi Arabia softening its stance on…
OPEC
Oil prices down as Opec fans oversupply fears
Oil prices resumed their downward spiral Tuesday after Opec sparked fresh worries about an oversupply crisis with a forecast that global output will increase next…
Iranian oil output stagnates for third month amid OPEC bargaining
Iran’s steep oil output growth has stalled in the past three months, new data showed, suggesting Tehran might be struggling to fulfill its plans to…
Oil output freeze would be right decision, Putin says
Russian President Vladimir Putin said an agreement between oil exporters to freeze output would be the right decision for the global market and Iran should…
Oil price drops towards $49 due to high output, strong dollar
Oil fell towards $49 a barrel on Monday, pressured by high output from Middle East OPEC members and as a stronger U.S. dollar weighed on…
Iran Wants Pre-Sanctions Oil Market Share: Iran Oil Minister
Iran wants its pre-sanctions share of the crude market, Oil Minister Bijan Zanganeh said on Friday, dampening the prospects of agreement on an output freeze…
Limited price upside expected in Brent crude
Oil prices may be hitting their peak. Benchmark oil prices have moved from a bearish to a bullish territory in just a span of 11…
STR: Downturn for GCC hotels correlates with oil prices
Hotels in the GCC have experienced a downturn in performance and overall profitability that correlates with a decline in oil prices, according to data and…
Oil rich Kuwait posts budget deficit after 16 years of surplus
Lower oil prices have pushed Kuwait into a rare budget deficit, ending 16 straight years of surpluses for the energy-rich Gulf state, the finance minister…
Saudi Arabia gets ready for a post-oil world
Saudi Arabia is preparing itself for the end of oil — whether in 20, 50 or 100 years — but in the meantime it wants to steady…