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World oil prices News

World Oil Production

27 Nov 2016

Russia set to gain from oil production freeze

With its oil output at record levels and state coffers running low, Russia has little to lose and much to gain from agreeing a deal with the OPEC cartel on limiting production.

14 Mar 2016

Oil losses deepen on doubts over output freeze deal

World oil prices fell further today on doubts over a consensus between producer nations to limit output in an oversupplied market, dealers said.

World oil prices

25 Mar 2015

Oil prices rise despite jump in US stockpiles

World oil prices advanced Wednesday despite news of a stronger-than-expected increase in crude inventories in the United States, analysts said.

23 Dec 2014

Oil gains as US growth beats expectations

World oil prices rose Tuesday as strong US economic data sparked a round of buying in the beaten-down commodity.

10 Sep 2014

Brent slides to new 17-month low under $98

World oil prices tumbled Wednesday, with Brent hitting a new 17-month low after the OPEC oil cartel trimmed its oil demand growth forecasts.

World oil prices

04 Sep 2014

Oil rallies as Ukraine hopes lift sentiment

World oil prices rebounded Wednesday following the prior day`s heavy losses in a rally spurred in part by hopes for a resolution to the Ukraine conflict.

03 Sep 2014

Brent climbs towards $101, pulls away from 16-month low

Brent crude rose towards USD101 a barrel on Wednesday, pulling away from a 16-month low hit in the previous session, supported by encouraging U.S. manufacturing data.

World oil prices

01 Jul 2014

Oil prices dip on profit taking, Iraq

World oil prices slipped Tuesday on profit taking and marginally easing concerns about the Iraq crisis, while in the US a storm sparked fears about lower gasoline demand.

World oil prices

25 Jun 2014

Oil prices diverge as market eyes Iraq crisis

World oil prices diverged on Tuesday, holding close to recent peaks amid ongoing concerns over violence in crude-producer Iraq.

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