OPEC

Oil prices slip back; traders await OPEC report

Crude futures slipped on Monday as investors booked profits ahead of a key data that would indicate the progress of an ongoing multi-country effort to cut back oil production. “Traders…

 
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OPEC

Oil may rise to $55 if all producers cooperate – Iran

Iranian Oil Minister Bijan Zanganeh expressed optimism on Saturday about an upcoming OPEC meeting and said crude prices could jump to $55 a barrel if an agreement is reached and…

 
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oil boom

Nigeria Crude Oil Exports set to hit 10-month high

Nigeria’s planned November oil loading programme shows the highest exports since January, plans compiled by Reuters showed on Friday, as major oil streams resume. Plans show 62 cargoes, with 1.88…

 
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Oil price jumps on Russian and Saudi plans

The price of oil jumped after Russia and Saudi Arabia agreed to discuss ways to stabilise the oil market. The announcement was made by the countries’ energy ministers, Alexander Novak…

 
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Iran signals more willingness for OPEC action to boost oil price

Iran is sending positive signals that it may support joint action to prop up the oil market, sources in OPEC and the oil industry said, potentially aiding efforts to revive…

 
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Oil prices decline amongst persistent oversupply

The US crude oil benchmark price, West Texas Intermediate traded at the New York Mercantile Exchange, closed at $39.51 a barrel on Tuesday, the first time since 6 April. The…

 
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