Top oil exporter, Saudi Arabia, is expected to raise June prices for all crude grades it sells to Asia to track stronger Middle East benchmarks, trade sources said on Thursday. Saudi Arabia, the largest producer…
Oil prices rose on Monday, buoyed by OPEC output cuts and reports that the United States and China are inching closer to a deal on a tariff row that has slowed global economic growth. International…
Iraqi Police fired in the air to disperse hundreds of protesters who tried to storm a government building in Basra and demonstrated near an oil field, police said, wounding 48 people in unrest over poor…
Iran’s Oil Minister on Saturday accused U.S. President Donald Trump of insulting OPEC by ordering it to increase production and reduce prices, adding that the oil market should not be influenced by political factors. “Mr…
Brent crude oil rose for a sixth day on Tuesday to hit its highest since November 2014 at over 75 dollars per barrel. This development is buoyed by expectations that supplies will tighten just as…
Hopes of the Organisation of Petroleum Exporting Countries (OPEC) ever witnessing an oil price of $100 per barrels has been dimmed by the latest forecast from the International Monetary Fund (IMF), which expects crude oil…
Saudi Energy Minister Khalid al-Falih said on Tuesday that oil market fundamentals were improving after an agreement struck with top oil producers to curb supply and end a two-year glut took effect. The kingdom led…