Tag: Oil glut

Oil producers inside and outside the OPEC cartel have little choice but to extend their deal from late 2016 curbing ...

Renewed fears about the oil supply glut have sent crude prices plunging 15% Renewed fears about the oil supply glut ...

Saudi Arabia's energy minister said on Thursday that oil-producing countries might have to extend output cuts agreed for the first ...

OPEC countries are complying with a landmark deal to reduce a worldwide glut in oil, but global supplies nevertheless increased ...

Saudi Arabia is committed to stabilising the global oil market, the energy ministry of the world's biggest oil exporter said ...

OPEC compliance with oil output reductions has exceeded the target because of higher Saudi cuts, Kuwaiti Oil Minister Essam al-Marzouk, ...

The biggest names in the oil world come together this week for the largest industry gathering since the end of ...

Renewed drilling by US oil producers is keeping a ceiling on a global crude price recovery, cutting into the impact ...

An OPEC-led production cut may well be accelerating a drawdown in global oil stocks that began last year, but implementing ...

Crude prices edged up in early Friday trade following reports that major producers have started cutting production as pledged, strengthening ...

Oil prices rose in the first trading hours of 2017, buoyed by hopes that a deal between OPEC and non-OPEC ...

Oil prices rose on Monday in anticipation of tighter crude supply going into 2017 following the decision by OPEC and ...

OPEC and non-OPEC producers on Saturday reached their first deal since 2001 to curtail oil output jointly and ease a ...

Oil prices slipped on Friday as the market refocused on a persistent supply overhang that is not expected to abate ...

Oil production from members of the Organisation of Petroleum Exporting Countries (OPEC) may have reached a new record, according to ...