Friday 29 April 2016
 
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Opec

Oil jumps to fresh 2016 highs as dollar drops

Oil prices jumped about 3 per cent on Thursday, hitting new highs for 2016 as the dollar weakened after the Federal Reserve announced it would leave US interest rates unchanged. Oil had risen early, the day after an industry group

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Oil jumps to fresh 2016 highs as dollar drops

Oil prices jumped about 3 per cent on Thursday, hitting new highs for 2016 as the dollar weakened after the Federal Reserve announced it would leave US interest rates unchanged. Oil had risen early, the day after an industry group

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Oil producers to discuss freeze at June Opec talks

Oil-producing nations will discuss an oil output freeze at Opec's meeting in June, a senior Saudi oil advisor said on Thursday, keeping open the prospect of action to boost prices despite the collapse of talks on a deal in Doha.

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IEA sees biggest non-Opec output fall in 25 years

Crude prices firmed on Thursday after the International Energy Agency (IEA) said 2016 would see the biggest fall in non-Opec production in a generation, helping to rebalance a market dogged by oversupply. IEA chief Fatih Birol sai

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IEA sees biggest non-Opec output fall in 25 years

Crude prices firmed on Thursday after the International Energy Agency (IEA) said 2016 would see the biggest fall in non-Opec production in a generation, helping to rebalance a market dogged by oversupply. IEA chief Fatih Birol sai

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Oil prices fall as big producers hint at output hike

Crude prices fell early on Thursday as concerns over a global glut took center stage after Russia and Iran said they were ready to raise oil production further, while inventories in the US climbed slightly. The International Energ

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Crude dips as global glut outweighs Kuwait oil strike

Crude futures slipped on Tuesday on a persistent global glut and the failure of a producer meeting at the weekend to rein in the ballooning oversupply, although a sharp drop in output in Kuwait due to an oil worker strike underpinned prices brie

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Doha meeting: No deal, as politics trump economics

The Doha meeting, among 16 oil producers (Opec and non-Opec) concluded on Sunday, without an agreement on a production freeze, as the political tension between Saudi Arabia and Iran trumped the economics for agreeing to a deal, a report said.

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Russia says door not closed for oil output freeze

Russia's oil minister Alexander Novak said on Sunday the country was not closing the door on a global deal to freeze output levels although he was disappointed that no decision had been taken. A deal to freeze oil output by Op

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Doha oil producers meeting ends without a deal

A deal to freeze oil output by Opec and non-Opec producers fell apart on Sunday after Saudi Arabia demanded that Iran join in despite calls on Riyadh to save the agreement and help prop up crude prices. The development will revive

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