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Petrol prices at lowest since last autumn, with experts predicting that Opec's campaign to drive up price of oil ... - This is Money;

Petrol prices at lowest since last autumn, with experts predicting that Opec's campaign to drive up price of oil ... - This is Money

This is MoneyPetrol prices at lowest since last autumn, with experts predicting that Opec's campaign to drive up price of oil ...This is MoneyPetrol prices are at their lowest since last autumn, with experts predicting that oil cartel Opec's campaign to drive up the price of oil could fail. Government figures show petrol is now on average 115.6p per litre, while diesel is 117.7p. The last ...and more »

Low gas prices will mean more road trips this summer - ClickLancashire

Low gas prices will mean more road trips this summerClickLancashireDespite an OPEC decision to extend output cuts by nine months to March 2018 by rolling over a six-month deal to remove 1.8 million barrels a day from the market, oil prices fell by nearly 4% on Thursday. "It will have more benefit in 9 months and we ...and more »

Kuwait Joins Saudis, Russia to Seek Oil-Cuts Extension Into 2018 - ClickLancashire;

Kuwait Joins Saudis, Russia to Seek Oil-Cuts Extension Into 2018 - ClickLancashire

ClickLancashireKuwait Joins Saudis, Russia to Seek Oil-Cuts Extension Into 2018ClickLancashireOil futures were up in North American trading on Tuesday, with prices headed closer to daily highs reached in the prior session, as investors looked ahead to weekly data from the US on stockpiles of crude and refined products. Following their meeting ...and more »

Oil price decline after OPEC output cut extension an 'overreaction' - Nanyang100

Oil price decline after OPEC output cut extension an 'overreaction'Nanyang100Oil prices tumbled 5 percent after OPEC made its announcement yesterday, signaling the market expected more than just an extension of the current rate of cuts: it expected OPEC, combined with its non-OPEC collaborators, to deepen these to more than 1.8 ...and more »

Oversold: Oil traders punish OPEC for promising too much - AppsforPCdaily

Oversold: Oil traders punish OPEC for promising too muchAppsforPCdailyThe price of oil has fallen by about 5%, despite oil-producing nations agreeing to extend production cuts for a further nine months. Given that the price of the commodity was up today, a handful of analysts are still apprehensive on the prices for the ...and more »

Falling OPEC Exports Create Upside For Oil Prices - Yahoo Finance;

Falling OPEC Exports Create Upside For Oil Prices - Yahoo Finance

Yahoo FinanceFalling OPEC Exports Create Upside For Oil PricesYahoo FinanceNo sooner had the dust settled after the conclusion of the latest OPEC meeting (with oil traders selling the market like hot cakes), we got Saudi oil minister Khalid Al-Falih saying that exports to the US were dropping measurably. While this has caused ...and more »

Oil prices should grind higher into the $60s later this year, RBC's Croft says - Yahoo Finance;

Oil prices should grind higher into the $60s later this year, RBC's Croft says - Yahoo Finance

Yahoo FinanceOil prices should grind higher into the $60s later this year, RBC's Croft saysYahoo FinanceDespite oil's negative reaction to the OPEC production cut extension, prices should grind higher into the $60s by the fourth quarter, RBC's Helima Croft told CNBC on Thursday. Prices plunged after OPEC and other major exporters extended their deal to ...and more »

Oil output cut pact fuels economic optimism in Oman - Times of Oman;

Oil output cut pact fuels economic optimism in Oman - Times of Oman

Times of OmanOil output cut pact fuels economic optimism in OmanTimes of OmanUnder the agreement, Oman, the largest non-OPEC producer in the region, will continue to cut production by nearly 4.5 per cent. x. Under the agreement, Oman, the largest non-OPEC producer in the region, will continue to cut production by nearly 4.5 per ...and more »

OPEC Meeting Raises Question of The Future of Energy - #OILMANNEWS (blog);

OPEC Meeting Raises Question of The Future of Energy - #OILMANNEWS (blog)

#OILMANNEWS (blog)OPEC Meeting Raises Question of The Future of Energy#OILMANNEWS (blog)OPEC nation members and non-OPEC nations came together on May 25 to discuss the current economic environment for oil and what could be done to keep the global supply at a reasonable level. The groups considered multiple options to maintain a ...and more »

Saudis take aim at swollen US oil stockpiles - gulfnews.com;

Saudis take aim at swollen US oil stockpiles - gulfnews.com

gulfnews.comSaudis take aim at swollen US oil stockpilesgulfnews.comSaudi Aramco's Abqaiq oil facility in eastern Saudi Arabia. The average reduction in US imports from Saudi Arabia between May and July was 5 per cent over the past five years, data show. Published: 17:28 May 27, 2017 Gulf News. Bloomberg.and more »

5 reasons why oil could be headed higher - Business Insider;

5 reasons why oil could be headed higher - Business Insider

Business Insider5 reasons why oil could be headed higherBusiness InsiderDespite a recent bout with plunging prices, we believe the oil market should grind higher thanks to solid global demand, renewed supply constraints and still-significant underinvestment. This builds a clear case for investing in the energy sector, both ...and more »

Kazakhstan joins OPEC decision to limit oil production - pppFocus;

Kazakhstan joins OPEC decision to limit oil production - pppFocus

pppFocusKazakhstan joins OPEC decision to limit oil productionpppFocusOPEC would like to achieve a price increase up to $55-60 per barrel, said Ecuador's Energy Minister Carlos Perez. But this seems to fail miserably to have a change in demand for the product leading to decrease in oil prices. The ministry stressed it ...and more »

International Olympic Committee says OPEC output cut won't hit imports - pppFocus;

International Olympic Committee says OPEC output cut won't hit imports - pppFocus

pppFocusInternational Olympic Committee says OPEC output cut won't hit importspppFocusA meeting between OPEC and non-member countries is held in Vienna, where the states are discussing extending the agreement on reduction of oil production for 9 months – until March 2018. OPEC's cuts have helped push oil from $26 a barrel in early June ...and more »

The future of oil jobs in the Middle East - Al Jazeera America;

The future of oil jobs in the Middle East - Al Jazeera America

Al Jazeera AmericaThe future of oil jobs in the Middle EastAl Jazeera AmericaThe Organisation of Petroleum Exporting Countries (OPEC) and 11 other oil-producing nations have extended oil production cuts until March 2018 in an attempt to drain the global oversupply of oil and prop up the price of crude.and more »

Oil Production Cut Extended to March 2018 - Nasdaq;

Oil Production Cut Extended to March 2018 - Nasdaq

NasdaqOil Production Cut Extended to March 2018NasdaqAn agreement between OPEC and non- OPEC countries led by Russia, which extends the oil production cut period another nine months starting July 1, has been reached according to reuters.com. With this measure that visualizes cutting oil production by 1.8 ...and more »

Despite risks, outlook for oil price is bullish - The National

Despite risks, outlook for oil price is bullishThe NationalAfter 24 Opec and non-Opec countries agreed to extend their output cuts through the end of March 2018, the oil price plunged by as much as 5 per cent on Thursday, then rallied by 3 per cent on Friday. Given this volatility, what is the short-term ...and more »

Analysis / OPEC considers how to coexist with US shale oil - The Japan News;

Analysis / OPEC considers how to coexist with US shale oil - The Japan News

The Japan NewsAnalysis / OPEC considers how to coexist with US shale oilThe Japan NewsReuters VIENNA (Reuters) — First, they ignored each other. Then, they went into a bruising fight. Finally, they are talking, albeit with opposing agendas. The history of the relationship between the Organization of the Petroleum Exporting Countries ...and more »

Oil drops after OPEC-led output cut misses expectations - The Eastern Tribune (press release)

Oil drops after OPEC-led output cut misses expectationsThe Eastern Tribune (press release)Opec countries and eleven other oil-producing nations, including Russian Federation, had first agreed to reduce production last December in an effort to boost flagging prices. A deal was reached to extend a current output cut agreement by another nine ...and more »

Russia's Novak says may discuss adjustments to OPEC deal at monitoring committee - Normangee Star;

Russia's Novak says may discuss adjustments to OPEC deal at monitoring committee - Normangee Star

Normangee StarRussia's Novak says may discuss adjustments to OPEC deal at monitoring committeeNormangee StarReduction in the oil output was one way by which OPEC and other oil producing countries could maintain a balance between the demand and price combination for oil in the global market. While the agreement essentially spelled out a continuation of the ...and more »

Oil languishes after OPEC fails to deepen supply cuts, Asia stocks retreat - Normangee Star;

Oil languishes after OPEC fails to deepen supply cuts, Asia stocks retreat - Normangee Star

Normangee StarOil languishes after OPEC fails to deepen supply cuts, Asia stocks retreatNormangee StarIt noted that member countries, in agreeing to this decision, confirmed their commitment to a stable and balanced oil market, with prices at levels that are suitable for both producers and consumers. Hong Kong's Hang Seng was almost unchanged at ...and more »