Saturday 6 February 2016
 
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Opec

Oil falls ahead of key producer meeting

Oil prices ended the week lower in choppy trading on Friday, snapping two weeks of gains, as a frenzy of speculation about a possible deal between top oil producers clashed with concerns about a growing supply glut. After a volati

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Saudi faces oil pricing dilemma as Iran raises output

Top oil exporter Saudi Arabia faces a dilemma when setting its monthly export prices this week, as rival producer Iran ramps up crude shipments into an already oversupplied market.   Export prices set by state oi

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Russia open to oil talks; oil rises

Oil rose on Wednesday, paring earlier losses after fresh comments from Russia about its openness to talk with Opec over output cuts helped revive hope among investors that the world's largest producers could act to boost prices.

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Russia open to oil talks; oil rises

Oil rose on Wednesday, paring earlier losses after fresh comments from Russia about its openness to talk with Opec over output cuts helped revive hope among investors that the world's largest producers could act to boost prices.

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A new global oil deal could draw lessons from 1998

After a year of secret diplomacy and hushed-up private talks around the world, Opec's mighty Saudi Arabia and rival Venezuela were persuaded to cut a deal by non-Opec Mexico which overcame mutual acrimony and led to a much-needed rise in oil

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Oil drops for third session on oversupply

Oil futures extended losses into a third session in Asian trade on Wednesday, as US crude stocks last week surged to more than half a billion barrels and as Iran plans to boost exports from March. Milder weather forecast for the l

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Russia open to Opec deal even as output hits high

Two senior Russian officials talked up potential co-operation with Opec to prop up prices, but data showed oil production in Russia hit a post-Soviet high in January, suggesting the world's top producer was locked in a fierce struggle for ma

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Oil slips towards $33 as output cut hopes dim

Oil prices fell around 3 per cent on Tuesday, dented by worries about the demand outlook and rising supply, while hopes for a deal between Opec and Russia on output cuts faded. Brent for April delivery was down $1.01 at $33.23 a b

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Russia ‘open to oil cooperation with other producers’

Russia is open to further cooperation in the oil market with Opec and non-Opec countries, Russian Foreign Minister Sergei Lavrov said on Tuesday at a news conference while on a visit to Abu Dhabi. Asked whether Russia was open to

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Oil falls on China data, fading prospect of Opec action

Oil fell on Monday as weak economic data from China, the world's largest energy consumer, weighed on prices and an Opec source played down talk of an emergency meeting to stem the decline.   China's manuf

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