Friday 28 August 2015
 
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Opec

Iran says some in Opec do not want high oil price

Iran's Oil Minister Bijan Zanganeh blamed the latest drop in oil prices on some members of Opec and questioned whether any Opec emergency meeting would reach an agreement, the oil ministry's news agency Shana reported. &nb

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Oil climbs by over $1 on crude stock draw

Brent crude climbed by more than $1 a barrel on Thursday on an unexpected fall in US crude inventories and a rally in global equity markets, but a stronger dollar capped gains. Front-month Brent, the global oil benchmark, had gain

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Oil climbs by over $1 on crude stock draw

Brent crude climbed by more than $1 a barrel on Thursday on an unexpected fall in US crude inventories and a rally in global equity markets, but a stronger dollar capped gains. Front-month Brent, the global oil benchmark, had gain

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Without Saudi support, talk of Opec emergency meeting is just noise

Once upon a time, talk of an emergency Opec meeting would have rippled through oil markets, likely triggering at least a brief rally in prices.   The last extraordinary meeting to discuss a price slump, in 2008,

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Without Saudi support, talk of Opec emergency meeting is just noise

Once upon a time, talk of an emergency Opec meeting would have rippled through oil markets, likely triggering at least a brief rally in prices.   The last extraordinary meeting to discuss a price slump, in 2008,

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Lessons from oil's 'lost decade'

Saudi Arabia and its Opec allies are counting on strong growth in demand coupled with slower growth in non-Opec supply to rebalance the oil market in 2016. But the experience of the "lost decade" after prices slumped in

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Emergency Opec meeting may stop oil slide: Iran

Iran's Oil Minister Bijan Zanganeh said on Sunday that holding an emergency Opec meeting may be "effective" in stabilising the oil price, Iran's oil ministry news agency Shana reported. Algeria said earlier this

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Get used to cheap oil, derivatives markets say

Oil prices will stay low for years to come, derivatives markets say, keeping a lid on inflation and helping boost global growth. Oil has more than halved in value over the last year, thanks to huge oversupply, and many oil compani

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Saudi crude exports rise in June, power use surges

Saudi Arabia's crude oil exports rose by 430,000 barrels per day (bpd) in June, while oil used by the country's power sector surged to its highest in almost a year, official data showed on Wednesday. Saudi Arabia ramped up

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Saudi crude exports in June rise to 7.36m bpd

Saudi Arabia's crude oil exports in June rose to 7.365 million barrels per day from 6.935 million bpd in May, official data showed on Wednesday. Monthly export figures are provided by Riyadh and other members of the Organizati

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