Trump Budget Proposes Deep Cut To US Oil Stockpile
President Donald Trump's budget released Tuesday proposed radically downsizing the US Strategic Petroleum Reserve, arguing that America's shale boom has ...
Tag: Organization of Petroleum-Exporting Countries
Oil Producers To Extend Output Curbs At OPEC Meeting
Oil producers inside and outside the OPEC cartel have little choice but to extend their deal from late 2016 curbing ...
Iraq Agrees To Nine-Month Extension of OPEC Production Cut
Iraq has agreed to a nine-month extension of a production cut pact among OPEC members that is aimed at boosting ...
Asian Energy Firms Lead Market Gains On Hopes For Oil Ouput Cut
Energy shares led a broad rally across Asian markets on Monday as oil prices were boosted by growing hopes that ...
Saudi Minister Confident of Oil Cut Extension
Saudi Arabia's energy minister expressed confidence on Sunday of extending a global cut in oil production designed to boost prices. ...
Russia’s Economy Is On the Mend
Russia is heavily dependent on oil exports and was hit hard when crude prices started to crash The country is ...
US Oil Output Back Near Records, Challenging OPEC
American oil production is approaching record levels again, led by shale projects, potentially foiling efforts by OPEC to support prices. ...
Middle East’s Shiite Powerhouse
Iran, the Middle East's second largest power by economy and population, is the Shiite Muslim rival of regional Sunni giant ...
Russia, Saudi Call For Oil Output Deal Extension
The world's biggest oil producers Russia and Saudi Arabia on Monday called for extending an output reduction deal ahead of ...
Most Asian Markets Retreat After Upbeat Week
Most Asian markets turned lower Friday following a healthy run-up in the week, tracking a sell-off on Wall Street where ...
Oil Price Tumbles To Five-Month Low
The oil price has fallen to a five-month low as investor concerns resurface about a worldwide glut. Brent crude dropped ...
Oil Prices Have Plunged 15% In 3 Weeks
Renewed fears about the oil supply glut have sent crude prices plunging 15% Renewed fears about the oil supply glut ...
BP Profits Helped By Higher Oil Prices
The recent increase in oil prices has helped BP to record a healthy profit for the three months to March. ...
OPEC Daily Basket Price Stood At $49.26 A Barrel
The price of OPEC basket of thirteen crudes stood at $49.26 a barrel on Monday, 1 May, 2017, compared with ...
IMF Says Fiscal Reform Moving Gulf In ‘right Direction’
Oil-exporting Arab states of the Gulf are heading "in the right direction" to plug budgetary gaps thanks to fiscal reforms, ...
US Will Help Meet Ghana’s Power Needs – Robert Jackson
US Ambassador to Ghana, Robert Jackson, says the US government is prepared to help Ghana meet its power needs in ...
US Will Help Meet Ghana’s Power Needs
US Ambassador to Ghana, Robert Jackson, says the US government is prepared to help Ghana meet its power needs in ...
Oil Earnings Surge But Some Question Skimpy Investment
Rising crude prices drove huge profits for US oil industry giants, but key figures in the sector have raised concerns ...
Oil Producers ‘might Have To’ Extend Output Cuts
Saudi Arabia's energy minister said on Thursday that oil-producing countries might have to extend output cuts agreed for the first ...
Oil Producers ‘might Have To’ Extend Output Cuts
Saudi Arabia's energy minister said on Thursday that oil-producing countries might have to extend output cuts agreed for the first ...