Search Results for: OPEC

OPEC meeting to put further pressure on crude oil prices: Commerzbank

Overall, oil prices have fallen by over 60% since June 2014.

Dec 2, 2015

More Russian oil drilling shows its resolve to OPEC

According to Eurasia Drilling Company (EDC), Russian drilling measured in metres rose 10% in the first 6 months of this year from a year ago.

Dec 1, 2015

US oil prices decline amid glut

The US crude production added 17,000 to 9.165 million barrels a day last week, according to EIA.

Nov 28, 2015

OPEC officials question upbeat forecast ahead of oil ministers' gathering

A year ago, OPEC made its historic decision to refuse to prop up prices by cutting supply

Nov 28, 2015

OPEC to keep pumping oil despite fears of price falling to $20

Some member states see a return to twenty-dollar-oil, last seen at the turn of the millennium.

Nov 25, 2015

U.S. oil prices fall by more than 3% on strong dollar, oversupply

The fall was part of a wider decline in commodities stoked by worries over faltering demand from China.

Nov 23, 2015

OPEC basket price drops below $40 for the first time in 11 years

The last time the price of the OPEC basket fell to $39 was in 2004.

Nov 16, 2015

Sensex slumps on spike in inflation, falling commodity prices

Crude oil prices fell to over 2-month lows following a rise in US oil inventories.

Nov 13, 2015

OPEC sees oil supply hole in 2016 as low prices curb rival output

Low prices prompt investment cuts, reducing a global supply glut.

Nov 12, 2015

Oil prices unlikely to return to $80 by 2020: International Energy Agency

The IEA estimates investment has already fallen by 20% this year.

Nov 10, 2015

Oil prices drop amid excess supply worries

Iran planned to raise its crude output by 1 million barrels per day by the end of March 2016.

Nov 3, 2015

Iraq pips Saudi Arabia to emerge as top crude oil supplier to India

Iraq has pushed back Saudi Arabia as the top crude exporter to India for the third time this year.

Oct 28, 2015

Investments in oil poised to decline further, says IEA director

Global oil demand growth will drop from 1.8 mb/d in 2015 to 1.2 mb/d in 2016.

Oct 26, 2015

Saudi Arabia at risk of exhausting financial assets in 5 years: IMF

Saudi Arabia's net foreign assets declined to more than two-year low of $654.5 billion in August.

Oct 22, 2015

Market watch: Sensex slips 57 points on weak global cues; gold prices fall

The positive industrial production data for August failed to cheer the markets.

Oct 13, 2015

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