opec

By John Kemp LONDON, Dec 5 (Reuters) – OPEC has finally agreed to cut production, but only after two years of fruitless negotiations. So what changed to

By Rakteem Katakey (Bloomberg) — Brent crude is headed for its biggest weekly gain since 2009 after OPEC approved its first supply cut in eight years,

By Emma O’Brien and Heesu Lee (Bloomberg) — While the first OPEC production cuts since 2008 were inked as Asia slept, the winners and losers from

By Nayla Razzouk, Angelina Rascouet and Golnar Motevalli (Bloomberg) — OPEC confounded its doubters and sent crude oil prices soaring by agreeing to its

By Amanda Cooper LONDON, Nov 10 (Reuters) – The oil market surplus may run into a third year in 2017 without an output cut from OPEC, while escalating

by Mikael Holter (Bloomberg) Explorers in 2015 discovered only about a tenth as much oil as they have annually on average since 1960. This year,

  By Mark Shenk (Bloomberg) — Oil closed at the lowest level in more than six years in New York amid speculation that demand may slip as economies

by Anthony Dipaola & Grant Smith (Bloomberg) Just when it looked like OPEC was winning the war with U.S. shale-oil drillers, a new front is opening up

Oil extended three consecutive weekly gains in London as OPEC ministers signaled their confidence that the market can sustain its

Saudi Arabia, the world’s largest oil exporter, is confident that crude prices will rebound with global economic growth boosting

Saudi Arabia and OPEC would find it “difficult, if not impossible” to give up market share by cutting crude production, the country’s oil minister

By Naomi Christie Dec. 4 (Bloomberg) — When OPEC sent oil prices tumbling last week by deciding not to tackle a global glut of crude, shipping companies

Brent crude traded near $70 a barrel, erasing earlier gains as traders evaluated the impact of OPEC’s decision to maintain output at last week’s meeting.

China is emerging as the winner from OPEC’s battle with rival oil producers as the world’s biggest energy consumer stockpiles

Brent crude steadied after OPEC triggered the biggest one-day plunge in three years yesterday by failing to cut its output in response to a glut. Oil in New

Brent and West Texas Intermediate crudes fell to the lowest in more than four years amid speculation that OPEC will refrain from cutting production limits at

Saudi Oil Minister Ali al-Naimi said on Monday the world's top oil exporter was willing to supply markets with more crude if rising tensions between Russia and

Oil production from North American shale fields will outpace every member of OPEC except Saudi Arabia within two years, according to ExxonMobil Corp., the

(Bloomberg) — OPEC’s deepest output cut since the global recession in 2008 is creating the biggest surplus of oil tankers in the Persian Gulf in at

Oil shipments from the Organization of the Petroleum Exporting Countries are to increase by 640,000 barrels a day in the four weeks to Nov. 24, compared with