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OPEC Countries Gives Nigeria New Target

OPEC Countries and its allies just allowed Nigeria’s plea to increase its oil production output under the organization’s quota. The new deal will grant...

Climate Week in NYC Warns About the Energy Sector

  Officials from big oil and energy companies attended the Climate Week in New York City. The CEOs of the big oil and petroleum companies...

Commodities: Petroleum Products and Gold Prices Decline

Earlier, petroleum products such as U.S. Crude Oil WTI Futures soared 3.1% to $52.69. International Brent Oil Futures also grew by 2.9% to $57.88. It was last Thursday when...

Global Commodities: Petroleum Products and Gold Prices Decline

Earlier, petroleum products such as U.S. Crude Oil WTI Futures soared 3.1% to $52.69. International Brent Oil Futures also grew by 2.9% to $57.88. It...

US Fed: After Kicking 1-week high, Gold Prices Stable

On Thursday in Asia, as traders weighed gains in stock markets and expected a potential rate cut by the U.S. Federal Reserve occurred, gold...

Oil Inventory Report: Oil Slips, Headed for Gains this Week

OIL INVENTORY REPORT – Brent slipped further away from the $70 mark after topping that level during the previous session, while West Texas Intermediate...

Brent: Oil Prices Slump on Lackluster Demand Outlook

BRENT – Brent crude futures slipped on Tuesday as the markets prepared for low demand growth for fuel, with the OPEC-led cuts on production...

Oil Prices Firm after Massive Increase Last Friday

Oil prices were steady on Monday in Asia after official data showed Chinese economic slowdown was in line with expectations and not as sharp...

On US-China Negotiations OPEC Supply Decrease

Oil prices increased around 1.5 percent on Monday, pushed up by optimism that talks in Beijing can resolve a trade war between the United States and China, while supply cuts by major producers also supported crude. Read ,more here!

Oil Prices Climb on OPEC Supply Curb, US-China Talks

Oil priced inched up on Friday, shaking off previous losses after China said it would hold talks with the US government on January 7 to 8 to look for solutions to the trade disputes between the world’s two biggest economic powerhouses. Read more here!

Oil Markets Fall 1 Percent on 2019 First Trading Day

Oil markets slipped by around 1 percent in 2019’s first trading day on Wednesday, dragged down by surging US output and worries about an  economic slowdown in 2019 as factory activity in China, the world’s biggest oil importer, contracted. Read here!

Oil Volatility Caused by US Protectionism

Rising protectionism as well as trade wars and the unpredictable nature of the current US administration have greatly contributed to global oil price volatility over the past couple of years, Russian Energy Minister Alexander Novak said. Read more here!

Oil Prices Firm, Pressure Looms Large

Oil prices were pretty steady on Monday after plunging 2 percent in the previous session, but were still under pressure amid weaker growth in major economies and concerns about oversupply. Read more here!

Oil Price Slip on Supply Balance Forecast

Oil prices fell on Friday in Asia after a 3 percent jump in the previous session on suggestions that global supplies could balance by the middle of next year. Read more!

Brent Crude Oil Higher on Supply Cut

Brent crude oil gained on Monday after producer cartel OPEC and some non-affiliated suppliers last Friday agreed to a supply cut from January. Read more!