America pumps up pressure on Opec - The Times (subscription)

Soaring output from America's shale oil producers is threatening to unstitch the blanket of support within Opec for cuts to the cartel's production. Opec members led by Saudi Arabia will meet in Vienna on May 25 to decide whether or not to extend a ...

Iran says to support OPEC earlier agreement to freeze crude output - Xinhua

TEHRAN, April 30 (Xinhua) -- Iran's Petroleum Minister Bijan Namdar Zanganeh said Sunday that Iran will support earlier decision by the Organization for Petroleum Exporting Countries (OPEC) to extend oil output freeze agreement. "If majority of OPEC ...

US Oil Rig Count Up For 15th Straight Week - ShareCafe (registration)

Oil futures had a small gain in Friday's session, despite another rise in US oil rig numbers for the 15th week in a row. June West Texas Intermediate futures crude rose 36 cents, or 0.7%, to settle $US49.33 a barrel in New York. Prices were down about ...

Oil prices on pace for further losses - Normangee Star

Oil slumped to a two-week low overnight, after U.S. data showed a smaller-than-expected drop in overall crude stocks and a surprising build in gasoline inventories, which raised worries about excessively high global supply. Brent futures were at $52.93 ...

Oil prices buoyed by USA crude stock dip - AppsforPCdaily

USA crude oil production rose to 9.25 million barrels per day, official data showed, up nearly 10 percent since mid-2016. Oil prices jumped by more than 10 per cent following the deal with worldwide benchmark Brent crude now trading above $55 per barrel.

Production deal 'restoring balance' to oil - pppFocus

“During these last days we received a positive signal from OPEC members and non-OPEC contributors in this agreement for cutting the production for extending this agreement for the second half of 2017”, minister Bijan Zanganeh told reporters. It remains ...