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Saudi delivers 'shock and awe' by revealing that Opec would let oil prices reach $20
Saudi Arabian Oil Minister Ali al-Naimi said Opec won't cut production regardless of the price.
Lianna Brinded Dec 23, 2014
Oil prices: How low will they go in 2015?
Brent crude oil could bottom-out at $40 before recovering slightly as US shale production drops.
Shane Croucher Dec 22, 2014
Opec's 50-year dominance over global oil market is over, says former cartel head
Opec has controlled the global oil market and has set oil prices for almost half a century until now.
Jerin Mathew Dec 22, 2014
Brent oil falls below $59 a barrel as Opec vows to keep pumping
Brent crude fell to its lowest level since 2009 as Opec producers seek to protect market share.
Nigel Wilson Dec 17, 2014
GE's oil and gas unit to suffer from oil price slide
Oil firms are set to reduce capital expenditure due to slide in oil prices.
Jerin Mathew Dec 17, 2014
Bank Of England warns of heightened geopolitical risk as oil falls below $60 a barrel
Brent oil has fallen below $60 a barrel for the first time since 2009.
Nigel Wilson Dec 16, 2014
Bank of America: US shale industry to suffer if oil prices decline to $50 per barrel
At least 15% of US shale producers are losing money at current prices, and more than half will be under water if US crude falls below $55, says BoA.
Jerin Mathew Dec 11, 2014
Oil price near five-year low as Morgan Stanley cuts price forecast
Crude prices fall to around $68 a barrel on Monday.
Nigel Wilson Dec 08, 2014
Opec: Oil Prices Are Falling Fast and This is Why
Opec countries maintaining output, global demand slump, and US shale production puts pressure on the market
Shane Croucher Nov 28, 2014
Crude Oil Ends Weeks-Long Decline on China Rate Cut
China's central bank has cut interest rates in a bid to boost growth in the world's second-biggest oil consumer.
M Rochan Nov 22, 2014
Venezuela Expresses Readiness to Cut Production to Arrest Fall in Oil Prices
Foreign Minister Rafael Ramirez said his country would make a proposal to limit supply and strengthen prices at the next OPEC meeting.
Jerin Mathew Nov 21, 2014
Armed Men Storm El Sharara Oil Field as Chaos Spreads in Libya
Armed men have seized Libya's biggest operational oil field in the south west of the country.
Nigel Wilson Nov 06, 2014
Oil Hits Four Year Low as Saudi Arabia Slashes US Prices
Brent crude sinks close to $82 a barrel after Saudi Arabia cut prices to US customers.
Nigel Wilson Nov 04, 2014
Opec Members Not In A Price War – Badri
Opec secretary general Abdullah al-Badri said the group's members would not fight a price war.
Nigel Wilson Oct 29, 2014
Opec Plots US Shale Oil Takedown
Organisation of Petroleum Exporting Countries looks set to maintain oil production levels.
Nigel Wilson Oct 28, 2014
Oil Prices Drop as Goldman Sachs Cuts WTI and Brent Projections by $15 Per Barrel
Goldman lowers price projections of West Texas Intermediate to $75 a barrel from $90, and of Brent to $85 from $100.
Jerin Mathew Oct 27, 2014
Libya's OPEC Governor Samir Kamal Calls for Major Oil Production Cut to Boost Price
Libya has struggled to regain lost oil output since autocrat Muammar Gaddafi was ousted in 2011.
Nigel Wilson Oct 23, 2014
Oil Prices Hits 4 Year Low Amid Global Economic Slowdown Fears
Oil prices dropped by more than $1 per barrel and Brent crude hit a fresh four-year low at below $83
Ian Allison Oct 16, 2014
Crude Oil Drops Amid Global Demand Concerns
Concerns surrounding global economic growth have raised questions about future oil demand.
M Rochan Oct 11, 2014
Oil Futures Rise Amid Oversupply Fears and US Dollar Rally
Oil futures under pressure as supplies rise amid dismal global economic data and weak demand.
M Rochan Sep 20, 2014
Libya's Biggest Oil Field Oil Halts Production Amid Opec Supply Concerns
Shahara oilfield accounted for around 30% of national production before it shut down on September 16.
Nigel Wilson Sep 18, 2014
Oil Prices Drop on Strong Dollar and Weak Global Demand Outlook
Brent crude maintains downtrend as IEA and Opec predict lower demand.
M Rochan Sep 13, 2014
Crude Oil Drops on Downbeat US Jobs Data and Easing of Ukraine Tensions
Brent October contract finishes slightly lower on demand concerns.
M Rochan Sep 06, 2014
Oil Futures Drop on Glut of Bearish News for Crude Market
Upbeat US data, rising output from Libya and demand for crude oil revisions weighed on prices.
M Rochan Aug 23, 2014
Crude Trades Fall as Supply Fear Eases and Demand Concerns Rise
Weak supply-demand fundamentals holding Brent in contango structure.
M Rochan Aug 16, 2014
Oil Prices Witness Mixed Trade as US Strikes Iraq, and Wall Street Rebounds
Brent trades lower on rumours US air strikes will lower risk of oil supply disruptions from Iraq.
M Rochan Aug 09, 2014
Crude Oil Prices Rise as Traders Watch Geopolitical Tensions
Brent's $105-$110 a barrel trading range unlikely to change much next week.
M Rochan Jul 26, 2014
Opec Market Share to Slip as Global Oil Demand Rises
Opec predictions for 2015 show US boosting its own oil production by 7%.
Nigel Wilson Jul 10, 2014
Oil Ends Lower on Signs of Rising Libyan Supply and Fading Iraq Fears
Opec and IEA to release their first estimates for 2015 next week.
M Rochan Jul 05, 2014
Shale-Rich Texas Set to Overtake Opec Major Iraq in Oil Production
US state of Texas pumped more than three million barrels per day in April, almost equivalent to Iraq's monthly production.
Jerin Mathew Jul 02, 2014
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