markets 03/01/2017 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.
Business Line 14/12/2016 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?
economy 13/12/2016 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.
economy 13/12/2016 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.
markets 12/12/2016 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.
economy 09/12/2016 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…
economy 01/12/2016 Oil hits high for the year Brent goes through 54$, WTI 51$, oil hitting year highs
economy 30/11/2016 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.
economy 28/11/2016 Oil falls again, dragging down dollar The oil price continues to fall on doubts OPEC will agree production cuts.
economy 21/11/2016 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.
economy 10/10/2016 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.
economy 29/09/2016 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.
markets 29/09/2016 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.
economy 28/09/2016 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.
markets 26/09/2016 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.
Business Line 21/09/2016 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.
markets 19/09/2016 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.
markets 13/09/2016 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.
economy 05/09/2016 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.
economy 01/09/2016 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.
