Oman has ramped up its oil production to a record high in June, adding to a global supply glut that has hit oil prices, as the Gulf Arab country ... Read More
Iran’s oil minister warned fellow Opec members that it aims to recapture market share and plans to step up oil output by 1 million barrels per day “within months” ... Read More
Iran needs around $100 bln to revamp oil industry – minister Iran needs around $100 billion to bring its oil industry back to the level it was five years ... Read More
Oil prices are trading sideways on Monday after last week’s fall due to a supply overhang as well as a broadly strong dollar. Brent crude LCOU5, -0.16% , the global oil benchmark, ... Read More
The prices of raw materials from oil and gold to copper, cotton and sugar tumbled, underscoring an increasing aversion to commodity investments as the Federal Reserve prepares to raise ... Read More
In its negotiations with the United States on any number of geopolitical issues, Russia has become accustomed to playing its “Iran card.” But after the West’s historic nuclear agreement ... Read More
Oil prices dropped Monday as Iran and global powers appeared close to a historic deal that would loosen sanctions in exchange for curbs on Tehran’s nuclear program. Sanctions have ... Read More
Global oil demand growth slowing even as OPEC output at three-year high; OECD industry inventories surge to record Global oil demand growth is forecast to slow to 1.2 million ... Read More
Oil prices rose on Friday on hopes that the Greek debt crisis could be resolved and as Chinese stocks rebounded, but analysts said bigger jumps were unlikely as global ... Read More
Greece inches closer to deal with creditors, but investors are wary of sustained China recovery China shares rose Friday, and other Asian markets made tentative gains, as investors assess ... Read More
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