Saudi Arabia Saudi Arabia ready to increase oil output The leader of Saudi Arabia promised President Donald Trump that he can boost oil production if needed and the country has 2 million barrels per day of spare capacity available. 01/07/2018
Business OPEC and Russia agree to extend oil cut OPEC and Russia have agreed to extend oil production cuts until the end of 2018. The move extends an existing deal between the oil producers to 30/11/2017
Business Oil prices jump as biggest producers plan to extend output cuts Saudi Arabia and Russia have agreed to pump less through until March 2018 to further cut the huge amount of oil in storage around the world. 15/05/2017
Business Oil stabilises, stocks rise on Macron confidence Oil prices have been on a roller coaster ride from oversupply worries, strong opinion poll numbers for French centrist Macron boosted share prices. 05/05/2017
Business OIl producers mull over extending output cut OPEC and non-OPEC oil producers discuss production cut extension 27/03/2017
World Oil price falls to new 2017 low Oil prices have tumbled following an OPEC report that stocks are rising worldwide, despite an agreement to reduce output to try to push up prices. 14/03/2017
Business Saudi Arabia's oil price target revealed Saudi Arabia reportedly wants crude oil to rise to around $60 a barrel this year to encourage new investment but not boost US shale oil output. 28/02/2017
Business OPEC producers really are pumping less, boosting crude prices Oil prices jump on word that OPEC producers have achieved over 90 percent of the output cuts they had pledged. 10/02/2017
Business Oil prices hit 18-month high on production cut hopes Oil prices hit their highest in 18 months on hopes the deal between OPEC and non-OPEC members to cut production will reduce a glut of crude. 03/01/2017
Business Line OPEC and Russia oil cut deals promise to address supply glut Business Line considers the details of the agreements reached by oil producers from OPEC and other countries to cut output. Will it boost oil prices? 14/12/2016
Business Russia signs oil development deals with Iran Russia is moving forward with its plans to become a major investor in Iran through initial agreements covering various industries, particularly oil. 13/12/2016
Business Oil demand set to rise says International Energy Agency Global oil demand will rise more strongly than expected in 2016 and 2017 the International Energy Agency has said. 13/12/2016
Business Oil prices spike on promises to pump less Oil hit an 18-month high after OPEC and some of its rivals agreed to jointly reduce output to try to tackle global oversupply and boost prices. 12/12/2016
Business Oil extends gains ahead of OPEC talks Oil prices extended gains for a second session running on Friday – fuelled by optimism that non-OPEC producers will agree to reduce output following a cartel agreement to limit… 09/12/2016
Business Oil hits high for the year Brent goes through 54$, WTI 51$, oil hitting year highs 01/12/2016
Business OPEC agrees first production cut in eight years OPEC gets its act together in first co-ordinated action in ages and agrees production cut, but analysts say no oil price shock is on the cards. 30/11/2016
Business Oil falls again, dragging down dollar The oil price continues to fall on doubts OPEC will agree production cuts. 28/11/2016
Business Oil prices surge up on output cut hopes Oil prices rose to three-week highs on Monday amid expectations that OPEC is moving close to a deal to cut output when it meets next week. 21/11/2016
Business Optimism rises over OPEC oil freeze deal, Russia pledges to join in Russia's President Putin says it is ready to join a proposed freeze of oil output by OPEC members but did not say at what level it would cap output. 10/10/2016
Business Scepticism mounts over OPEC production cut move Oil producers in the OPEC cartel have agreed they need to cut production to address a supply glut and lift prices - but the devil is in the details. 29/09/2016
Business Oil prices rise after OPEC announces first output cut since 2008 OPEC has agreed to cut its oil output for the first time since 2008. 29/09/2016
Business Oil output freeze deal now seen more likely in November Saudia Arabia has softened its stance on Iran pumping more oil, but an OPEC deal to freeze output remains elusive. 28/09/2016
Business Monday blues as Deutsche Bank and energy sector pull down European stocks European stock markets are suffering a nervous Monday as investors sold off energy company and bank shares - with Deutsche Bank the biggest loser. 26/09/2016
Business Line 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. 21/09/2016
Business 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. 19/09/2016
Business 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. 13/09/2016
