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Crude Oil Prices Rises To $70

THE price of brent crude oil rose to 70 dollars a barrel on Monday. This was supported by ongoing output cuts led by OPEC...

Oil Prices Fall On Oversupply Worries Despite OPEC Deal

OIL prices fell more than one per cent on Tuesday amid signs of a resurgence in Libya’s output and on concerns that extended production...

OPEC Oil Output Near Record High In April As Iran, Iraq...

OPEC's oil output rose in April to close to the highest level in recent history, a Reuters survey found on Friday, as production increases...

Saudi Arabia Agrees Plans To Move Away From Oil Profits

THE Saudi cabinet has approved sweeping economic reforms aimed at moving the country away from its dependence on oil profits. Just over 70 per cent of...

Oil Prices Ease Over Uncertain Supply Picture

OIL prices fell for a second day on Tuesday, as concerns emerged that a six-week rally may have fizzled after OPEC doused hopes for...