OPEC

Oil hit its lowest price in six years in January, $45 a barrel, but has since climbed up to trading near $62.

Bauke Schram Jun 05, 2015

Increase in oil production and continued government spending will help support country, says IMF.

Jerin Mathew Jun 02, 2015

Saudi Arabia continues to intensify production, moving market share away from high-cost rivals US shale producers.

Angela Sharda May 14, 2015

Saudi Arabia's oil minister Ali Al-Naimi says that only Allah knows where crude prices are heading.

M Rochan May 05, 2015

Front-month Brent crude futures were down 15 cents since their last settlement to $63.83 per barrel.

Joe Millis Apr 17, 2015

IEA chief economist Fatih Birol says lifting of sanctions on Tehran to have a limited impact on global oil prices.

M Rochan Apr 13, 2015

Libya's biggest oil port Es Sider may reopen in a week adding to an oversupplied market.

M Rochan Apr 11, 2015

Brent crude price, the global benchmark, is down 1.42% at $58.26 per barrel as at 12.30am ET.

Jerin Mathew Apr 08, 2015

Market analysts are declaring the cartel dead or at least ineffective since it refused to cut output amid a supply glut.

M Rochan Apr 07, 2015

A shale oil boom in the US has reduced the world's leading oil consumer's dependency on Opec crude.

M Rochan Apr 02, 2015

Goldman says Brent crude will hover at $70 a barrel by end-2015 but prices could drop to $40 during the summer months.

M Rochan Apr 02, 2015

Saudi Arabia's oil minister earlier said it is not sole responsibility of Opec to raise oil prices.

Jerin Mathew Mar 23, 2015

US crude oil price falls to six-year low on Monday in New York.

Nigel Wilson Mar 16, 2015

Restricted exports of US crude is prime reason for $9 discount of West Texas Intermediate to Brent crude, says FT.

Jerin Mathew Mar 10, 2015

Saudi Arabian Oil Minister Ali al-Naimi said he expected the oil market to balance and prices to stabilise.

Adam Justice Mar 04, 2015

Crude oil has recovered to around $60 a barrel since it slumped to $45 early this year.

Nigel Wilson Mar 04, 2015

Libyan rebels aligned with Tripoli-based government attacks oil facilities.

Nigel Wilson Mar 03, 2015

Naimi directed Opec's 2014 decision to fight for market share, instead of cutting output to support prices.

M Rochan Feb 25, 2015

Igor Sechin said some countries are pursuing their personal interests and undermining other members within the oil cartel.

Jerin Mathew Feb 11, 2015

No change expected in Saudi oil policy following death of King Abdullah bin Abdulaziz al-Saud.

Jerin Mathew Jan 23, 2015

Prince Alwaleed bin Talal defends Saudi decision not to cut production to boost prices.

Jerin Mathew Jan 13, 2015

Crude oil prices have ended down for the past seven consecutive weeks on oversupply concerns.

M Rochan Jan 12, 2015

Suhail bin Mohammed al-Mazrouei says crude prices could recover if non-Opec producers "act rationally".

M Rochan Jan 07, 2015

US crude output at record level as Saudi Aramco adopts dual pricing strategy

Boby Michael Jan 06, 2015

In 2013 and 2012 oil prices averaged $100/bbl.

Lianna Brinded Jan 05, 2015

China's manufacturing PMI fell below 50, increasing global demand worries.

Boby Michael Dec 31, 2014

Analysts say Brent crude could drop to $55 a barrel early next year.

M Rochan Dec 30, 2014

In the budget announced for the next year, spending has been pegged at 860bn riyals and revenue generation at 715bn riyals.

Jerin Mathew Dec 30, 2014

Oil price collapse is sensational news for OECD policymakers but not Russia and OPEC.

William Keegan Dec 24, 2014

Opec producers banking on slowdown in US shale boom and rising demand fuelled by low prices.

M Rochan Dec 23, 2014