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Optimism rises over OPEC oil freeze deal, Russia pledges to join in
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OPEC and other oil producers tentatively inch towards a production freeze
In this edition of Business Line we look at the chances of OPEC and non-member producers, including Russia, reaching an agreement on limiting oil production.
Oil rises as Venezuela's Maduro says production freeze deal is 'close'
Oil prices jumped on Monday after Venezuela's President Nicolas Maduro said OPEC and non-OPEC countries are close to reaching a deal to stabilise markets.
Madagascar drills deep to make most of unused resources
Madagascar is on the verge of an oil and gas revolution, but how will it develop these new sectors of the economy for the benefit of all without ruining the environment?
Glut alert! Oil demand slowing, production still high
Oil prices were down again on Tuesday following pessimistic predictions about the growth in demand from the International Energy Agency.
Haftar's oil blitz could fatally undermine Libyan government
The internationally-recognised Libyan government’s loss of key oil facilities to forces loyal to the eastern administration and General Kalifa Haftar is a potentially serious blow that could starve Tr
European markets hit by worries over US rate hike timing
Monday was a rough day for the world's financial markets amid fears that the Federal Reserve could raise interest rates again as early as next week.
Saudi Arabia and Russia signed an oil deal - but what does it mean?
Saudi Arabia and Russia have agreed to cooperate over oil, with a task force to recommend measures and actions, but no immediate action by the world's two top producers.
Oil production freeze speculation increases
A freeze of oil output by major producers is looking more likely as Saudi Arabia signals a change in approach ahead of an OPEC meeting in Algeria later this month.
Oil price slump hits Sinopec profit
The sliding price of crude has again hit the profits of Sinopec - the state-controlled China Petroleum and Chemical Corporation.
Statoil promises more for less from Sverdrup field
The biggest Norwegian offshore oil project in decades is going to be cheaper and more productive according to energy firm Statoil.
Iran and Venezuela cooperate to boost oil prices
Venezuela’s president said he expects new measures to stabalise oil markets and strengthen OPEC to be announced soon.
Hopes of a production freeze dim, pulling down oil prices
Oil prices have slipped amid fading hopes of an agreement to limit production even with the market being hugely oversupplied.
Oil dips below $50 a barrel as production limit hopes fade
Crude oil prices have slipped back after hitting an eight-week high following their longest run of gains in four years in the belief that a limit on output will not be agreed by producers.
Big job cuts in Britain's oil and gas sector
Oil prices rise to almost double January's lows
Oil prices have hit their highest in 10 months due to a fall in stockpiles in the United States and supply disruptions in Canada, Nigeria, Venezuela and Libya.
Rosneft's quarterly net profit falls 75 percent
Rosneft's quarterly net profit fell by 75 percent as crude oil prices declined, but Russia's top oil producer also blamed heavy investment in the period.
Cost cutting Royal Dutch Shell to halt operations in up to 10 countries
Royal Dutch Shell is to end oil and gas operations in up to 10 countries as it further reduces spending after the purchase of BG Group.
Lukoil profits hit by oil price slump
Russia's Lukoil has said its profits in the first three months of this year were down by 59 percent as oil prices fell to a 12-year low and its output declined.
Oil tops $50 a barrel for first time this year
Brent crude oil has been above $50 a barrel for the first time this year, up 80 percent on the January price.
French fuel strike: frustration at the pumps and an investment warning
Protests against France's labour reforms spread across the country with transport targeted
Brazil's Petrobras gets new boss with same old problems
Pedro Parente, the new boss of Brazil's scandal-ridden state-controlled energy firm Petrobras, has been talking about the challenges ahead.
Divided Libya agrees on oil
Rival Libyan factions have reached an outline agreement to join forces and form a single oil authority operating throughout the country.
Oil prices boosted by supply outages and deficit forecast from Goldman Sachs
Oil prices jumped to their highest in six months after forecasters at Goldman Sachs said the world now has a deficit rather than a glut of crude.
IEA oil forecast brightens
The International Energy Agency is no longer so concerned about the oil market "drowning in supply" this year and says unplanned disruptions to output could help run down the global glut of crude.
Oil production resumes in fire-hit Fort McMurray
The blaze continues to spread but experts say it is in uninhabited areas to the east and south of the town.