OPEC

Oil prices down again as UAE defends holding production

Brent and U.S. WTI crude oil prices fell to their lowest levels in almost six years on Tuesday as a big OPEC producer stood by the group's decision not to cut output to tackle a glut in the market.

Read Full Article

Venezuela, Iran plea for oil cut hits Gulf OPEC brick wall

A diplomatic push by Venezuela and Iran for an OPEC oil output cut has failed to soften the refusal of the group's Gulf members to do so for now, delegates said on Monday.

Read Full Article

Iran vows to help Venezuela to stem oil price fall

Iran's supreme leader Ayatollah Ali Khamenei told Venezuela's president on Saturday he backed coordinated action between Tehran and Caracas to reverse a rapid fall in global oil prices which he described as a "political ploy hatched by common enemies".

Read Full Article

Brent falls below $52 as oil hits new five and a half year lows

Oil prices sank to fresh 5-1/2-year lows on Tuesday, extending losses after a 5 percent plunge in the previous session as worries over a global supply glut intensified.

Read Full Article

Venezuela's Maduro to visit China, OPEC nations amid cash crunch

Venezuelan President Nicolas Maduro said on Sunday he will visit China and several unspecified OPEC countries during a week-long tour meant to improve the South American nation's finances, which have been weakened by tumbling crude prices.

Read Full Article

Oil prices hits fresh five-and-a-half-year lows; Brent below $56

U.S. crude and Brent futures dropped to fresh 5-1/2-year lows on Monday as worries about a surplus of global supplies amid weak demand continued to drag on oil markets.

Read Full Article

Oil reverses early gains, trades near $57 as supply glut prevails

Brent crude LCOc1 reversed early gains to trade near $57 a barrel on Friday, as the glut of oil that has halved prices since June overshadowed investors repositioning at the start of the year for an eventual recovery.

Read Full Article

Iran says Saudi Arabia should move to curb oil price fall

Falling world oil prices will hurt countries across the Middle East unless Saudi Arabia, the world's biggest crude exporter, takes action to reverse the slump, Iran's deputy foreign minister told Reuters.

Read Full Article

Oil ends on a low after halving in 2014 as OPEC stands aside

Oil prices fell on Wednesday to a 5-1/2-year low and ended with their second-biggest annual decline ever, down by half since June under pressure from a global glut of crude.

Read Full Article

Recession-hit Venezuela vows New Year reforms, foes scoff

President Nicolas Maduro vowed on Tuesday to reform Venezuela's Byzantine currency controls in early 2015 as part of a six-month plan to shake Venezuela out of recession, but foes accused him of incompetence and inaction.

Read Full Article

Oil prices fall more than $1, dropping to five-year lows

Crude oil prices on tumbled on Monday, with global grades settling down more than $1 a barrel after an early rally fizzled and prices fell to their lowest levels since May 2009.

Read Full Article

Russian economy suffers first contraction since global crisis

Russia's economy shrank sharply in November and the rouble resumed its slide on Monday as Western sanctions and a slump in oil prices combined to inflict the first contraction in GDP since the global financial crisis.

Read Full Article

Oil prices climb on Libya supply worries

Oil prices rose on Monday, after dropping for the past two sessions, as escalating clashes in Libya stoked worries about supply from the OPEC member.

Read Full Article

Budget pressure unlikely to deflect Iran from nuclear goals

A big oil price slide will hurt Iran's attempts to rescue battered living standards, but economic pain is unlikely to soften its stance in nuclear talks or end aid to allies such as Syria, matters seen by its ruling clerics as strategic priorities.

Read Full Article

Arab OPEC sources see oil back above $70 by end-2015

Arab OPEC producers expect global oil prices to rebound to between $70 and $80 a barrel by the end of next year as a global economic recovery revives demand, OPEC delegates said this week in the first indication of where the group expects oil markets to ‎stabilize in the medium term.

Read Full Article
1 2 3 4 5 6 7 8 9 10  

Subscribe to VCpost newsletter

Sign up for our Deals of the Day newsletter.
We will not spam you!

Real Time Analytics