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World Oil Production News

global crude prices

09 Jan 2017

Oil slips $1 on concerns U.S. production is rising

Oil fell by $1 a barrel on Monday as signs of growing U.S. production outweighed optimism that many other producers, including Russia, were sticking to a deal to cut supplies in a bid to bolster the market.

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.

12 Jun 2015

Oil prices fall after Saudis say could raise output to meet demand

Front month U.S. crude fell 28 cents to $60.49 a barrel by 0152 GMT. Brent futures were down 25 cents at $64.86 a barrel.

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