May 30, 2016 at 08:44 | Source: Reuters
"Oil prices stayed within touch of USD50 per barrel despite news that some Canadian oil sands producers were planning on restarting operations," ANZ said on Monday.
May 26, 2016 at 16:39 | Source: CNBC-TV18
Virendra Chauhan, Oil Analyst, Energy Aspects expects no decline in crude oil prices after the June 2 OPEC meeting. He expects no change in prices after the meeting.
May 23, 2016 at 11:24 | Source: PTI
The Organisation of the Petroleum Exporting Countries (OPEC), of which Iran is a member, is due to meet in Vienna on June 2 after talks in Doha involving OPEC members and other major producers such as Russia in April failed to reach a deal to cap production.
May 13, 2016 at 19:46 | Source: PTI
OPEC on May 13 said a global crude glut that has squeezed the market and sent prices plunging over the past year "may be easing" as a result of countries outside the oil producing cartel dropping their production
May 13, 2016 at 11:30 | Source: PTI
The uptrend is likely to continue as the IEA report shows that a rebalancing of the supply and demand situation could come in sooner rather than later, analysts said.
May 13, 2016 at 09:04 | Source: Reuters
The company is working on bringing three of its key manufacturing plants in India back into compliance after the U.S. Food and Drug Administration issued a warning letter in November citing inadequate manufacturing standards there.
May 12, 2016 at 15:40 | Source: Reuters
Saudi Arabia also lost its top spot in China, Asia's biggest oil consumer, last month when Russia overtook the world's biggest crude exporter due to strong purchases by Chinese independent refineries.
May 12, 2016 at 15:16 | Source: Reuters
The IEA said output from non-OPEC producers is expected to fall by 800,000 barrels per day (bpd) in 2016, an acceleration from the agency's previous forecast for a fall by 710,000 bpd.
May 12, 2016 at 11:02 | Source: Reuters
The "focus of the meeting will be to think and look around ... about what could be done further to stabilise the markets," Anas al-Saleh, told Reuters in Tokyo, Japan, on the sidelines of a Kuwait-Japan business seminar.
May 09, 2016 at 11:18 | Source: PTI
Saudi Arabia, the biggest exporter in the OPEC producers' group, on Friday replaced Ali al-Naimi -- who had been in his post for two decades -- with a close ally of the deputy crown prince.