oil

Economics

OPEC, allies set to agree oil cut extension to end of 2018

VIENNA – 30 November 2017: OPEC and non-OPEC oil producers look poised to agree on Thursday to extend output cuts…
Economics

OPEC, Russia set for oil cut extension but wary of overheating market

VIENNA – 29 November 2017: OPEC and Russia look set to prolong oil supply cuts until the end of 2018…
Economics

OPEC heading for oil cut extension with a caveat

VIENNA – 28 November 2017: OPEC and Russia are heading towards prolonging their oil supply cuts for the whole of…
Economics

Pressured for profit, oil majors bet big on shale technology

HOUSTON – 28 November 2017: Shale oil engineer Oscar Portillo spends his days drilling as many as five wells at…
Economics

Oil slips on U.S. drilling but OPEC cuts support market

LONDON – 27 November 2017: Oil prices slipped on Monday, with U.S. crude easing from two-year highs on prospects for…
Economics

Top 10 projects of natural gas, crude oil in Egyptian market

CAIRO – 26 November 2017: Egypt’s Petroleum Ministry is targeting a raise in its production from natural gas and crude…
Economics

Iraq offers nine oil and gas blocks for exploration near Iran

BAGHDAD – 26 November 2017: Iraq will invite foreign energy firms to bid for the exploration and development of nine…
Economics

Iraq plans new pipeline exporting Kirkuk oil to Turkey:oil ministry

BAGHDAD – 26 November 2017: Iraq plans to build a new pipeline that will ship oil from Kirkuk's oilfields to…
Economics

U.S. oil prices rise to two-year high on Keystone pipeline outage

SINGAPORE – 24 November 2017: U.S. crude oil rose to a two-year high on Friday, as the shutdown of a…
Economics

Oil prices dip after U.S. crude hits near two-year high on pipeline shutdown

SINGAPORE – 23 November 2017: Oil prices eased on Thursday, with U.S. crude dipping away from two-year highs reached the…
Economics

Russia econ min says OPEC deal to cut oil output affects Russian economy

MOSCOW – 23 November 2017: Russia’s economic growth in October was affected by a global agreement between OPEC members and…
Economics

OPEC chatroom dead as Qatar crisis hurts Gulf oil cooperation

DUBAI/LONDON – 23 November 2017: OPEC’s most powerful internal alliance, bringing together the oil producer group’s Gulf members, is disintegrating…
Economics

Saudis push for nine-month extension of OPEC-led oil cut: sources

22 November 2017: Top crude exporter Saudi Arabia is lobbying oil ministers to agree next week on a nine-month extension…
Economics

Oil prices jump on Canadian pipeline disruption to United States

SINGAPORE – 22 November 2017: Oil prices jumped by 1 to 2 percent on Wednesday as ongoing cuts of piped…
Economics

Oil prices steady as rising U.S. output undermines OPEC cuts

SINGAPORE – 21 November 2017: Oil prices were little changed on Tuesday as the impact from expectations of an extended…
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