DUBAI — OPEC+ is expected to discuss extending its deal on cutting oil supply beyond April 2022, two OPEC+ sources…
Browsing: Oil glut
RIO DE JANEIRO — Petrobras, Brazil’s state-controlled oil giant, is plowing through a global oil glut expecting that exports to…
DUBAI — With the coronavirus choking fuel demand and the world awash in surplus crude, even the Middle East’s main…
*U.S. shale won’t be ‘huge distorter’ for oil market: Mazrouei *Stronger demand, compliance with oil cuts seen to buoy prices…
23 September 2017, Vienna, Austria — OPEC and other oil producers are clearing a glut that has weighed on crude…
20 May 2017, New York/London/Singapore — After the first OPEC oil production cut in eight years took effect in January,…
*All but one analyst surveyed see OPEC extending output cuts *There’s no consensus on whether group will attain its goal…
15 July 2016, London — Crude futures dipped below $47 a barrel on Friday on concerns that a persistent global…
01 April 2016, London — Oil futures fell below $40 per barrel on Friday, with the market growing increasingly sceptical…
20 February 2016, New York — Oil prices fell 4 percent on Friday, with Brent down a third straight week,…