Oil sinks as OPEC mulls Iran supply cut exemption, tries to get Russia on board

Oil prices fell on Friday as OPEC discussed a potential exemption from cutting output for Iran and as the producer […]

OPEC yet to agree final deal as Iran seeks exemptions

Iran appeared on Friday to be the main obstacle for an OPEC deal to cut oil production as the group’s […]

China’s Unipec to buy U.S. oil after Xi-Trump tariff truce

Chinese oil trader Unipec plans to resume U.S. crude cto China by March after the Xi-Trump deal at the G20 […]

Qatar to withdraw from OPEC and focus on gas exports

Qatar said on Monday it was quitting OPEC from January 2019 but would attend the oil exporter group’s meeting this […]

Brent oil edges up on expected OPEC cuts; U.S. crude weaker amid swelling supply

Brent oil prices firmed on Friday on expectations that OPEC and Russia will agree some form of production cut next […]

Oil dips as U.S. crude stockpiles swell; possible OPEC cuts prevent bigger slide

Oil prices slipped on Thursday after U.S. crude inventories swelled to their highest level since December 2017 amid concerns of […]

Russian Energy Minister Novak says plans to sign OPEC partnership deal

Russian Energy Minister Alexander Novak said on Monday that the country was planning to sign a partnership agreement with the […]

Oil prices stabilize, but supply glut concerns weigh on sentiment

Oil prices stabilized on Thursday, reversing earlier declines, but market sentiment remained cautious over concerns that a supply glut may […]

Oil struggles to find footing after 7 percent slide as outlook darkens

Oil struggled to find its footing on Wednesday after plunging 7 percent the previous session, with surging supply and the […]

Oil rises as China reports record crude imports, but soaring U.S. output caps gains

Oil prices rose on Thursday after record Chinese crude imports eased concerns that a slowdown in the world’s No.2 economy […]