Ali al-Naimi, Saudi Arabia’s oil minister, says cutting production levels does not make sense, while Iran insists that freezing output is a joke. Last week, Saudi Arabia and Russia agreed
Tag "OPEC"
The Islamic Republic of Iran says the Organisation of Petroleum Exporting Countries (OPEC) is illogical with its request for Iran to freeze production at January 2016 levels. The OPEC member country
Oil prices swung violently before noticeably declining during trading on Tuesday following the disappointing production freeze agreement between top oil exporters Russia and Saudi Arabia which left investors empty handed.
A sense of unease enveloped the financial markets during trading on Wednesday following Janet Yellen’s cautious tone in her testimony regarding future US rate rises amid the global turmoil. Although
There are more troubles for the 2016 budget as the Organisation of Petroleum Exporting Countries (OPEC) has said that Nigeria’s
Oil rose on Wednesday, paring earlier losses, after fresh comments from Russia about its openness to talk with OPEC over
Oil prices fell by 3 per cent on Monday as Iraq announced record-high oil production feeding into a heavily over-supplied
Ibe Kachikwu, minister of state for petroleum resources, says Nigeria is producing a barrel of crude oil at an average
After 40 years of restriction, the first US oil export has finally arrived France, having spent three weeks on the
From all indications, oil-dependent economies are heading for a recession with the return of Iran to the global market, as
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