Top Stories

  • Oil ends lower as output cuts fail to ease worry about rising US production - MarketWatch

    Oil ends lower as output cuts fail to ease worry about rising US production - MarketWatch;

    Oil futures finished lower Monday as concerns over the potential for a sizable increase in U.S. crude production outweighed support from Saudi Arabia's energy minister. On the New York Mercantile Exchange, March West Texas Intermediate crude US:CLH7 ...and more »

  • OPEC, allies says production cuts ahead of schedule - CTV News

    OPEC, allies says production cuts ahead of schedule - CTV News;

    VIENNA -- OPEC and key non-OPEC oil producers are near their target of taking 1.8 million barrels of crude a day off global markets less than two months after agreeing to do so in efforts to push up the price of crude, Russia's energy minister said Sunday.and more »

  • Oil-Output Cuts Proceeding Faster Than Planned - Wall Street Journal

    Oil-Output Cuts Proceeding Faster Than Planned - Wall Street Journal;

    VIENNA—The Organization of the Petroleum Exporting Countries and Russian officials said Sunday they were making good progress on their pledges to cut back crude-oil production and raise global prices. Saudi Energy Minister Khalid al-Falih said OPEC's ...and more »

  • Oil Producers Claim Progress in Curbing the World's Daily Supply - New York Times

    VIENNA — A group of oil producers both in and outside the Organization of the Petroleum Exporting Countries are ahead of schedule in reaching their target of taking 1.8 million barrels of crude a day off global markets, Russia's energy minister said ...and more »

  • Why Saudi Arabia May Unravel OPEC's Big Deal - Bloomberg

    Why Saudi Arabia May Unravel OPEC's Big Deal - Bloomberg;

    Saudi Arabia's oil minister Khalid Al-Falih says it may not be necessary to extend the deal reached by the group and some non-member nations to cut oil supply by around 1.8 million barrels a day beyond its initial six months, and that doing so could ...and more »

  • Hedge funds' bets on rising oil prices hit record high - Financial Times

    Hedge funds' bets on rising oil prices hit record high - Financial Times;

    Hedge funds have increased their bets on rising oil prices to the highest level on record, backing a recovery in a market that has been boosted by supply cuts from the Opec producer cartel and other countries. Sample the FT's top stories for a week ...and more »

  • Energy security and Trump's higher oil price wager - American Enterprise Institute

    Energy security and Trump's higher oil price wager - American Enterprise Institute;

    While the OPEC deal gave a year-end rally to oil prices after a turbulent year, depressed prices are likely to continue to be the new normal for 2017. This New Year will be a better one than 2016, but only by a small degree. With midterms on the ...and more »

  • Ministers positive on OPEC, non-OPEC oil output cuts - Tehran Times

    Ministers positive on OPEC, non-OPEC oil output cuts - Tehran Times;

    Energy ministers from OPEC and non-OPEC countries meeting in Vienna on Sunday have struck a positive note regarding their agreement to cut oil output as a committee set to monitor compliance with the deal meets for the first time. “I am satisfied, I am ...and more »

  • Oil prices retrace steps as market fluidity continues - UPI.com

    Oil prices retrace steps as market fluidity continues - UPI.com;

    Some ground gained as investors wait for supply and demand data from the United States. By Daniel J. Graeber · Follow @dan_graeber Contact the Author | Jan. 24, 2017 at 9:09 AM. Comments 0 Comments. share with facebook. share with twitter. Crude oil ...and more »

  • OPEC Shrugs Off Threat of US Cutting Oil Imports - Bloomberg

    OPEC Shrugs Off Threat of US Cutting Oil Imports - Bloomberg;

    OPEC's two biggest suppliers to the U.S. shrugged off a vow by President Donald Trump to end dependence on the group's oil, saying the world's biggest economy would continue to need crude from abroad. The U.S. is “closely integrated in the global ...and more »