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Oman says thinks Iran will agree to an OPEC oil output increase


Oman’s oil minister Mohammed bin Hamad Al-Rumhy said on Wednesday he believed Iran would agree to an oil output increase

OPEC Races to Salvage Oil Deal After Iran and Saudi Clash


OPEC officials meeting in Vienna raced to salvage an oil-production deal on Wednesday after Iran said it was likely to

U.S. oil stocks fall sharply, product inventories rise – EIA


U.S. crude stocks fell last week as refineries hiked output, while gasoline stocks increased and distillate inventories rose, the Energy

Ecuador: OPEC could agree to compromise on oil supply boost


OPEC and its partners could agree to a compromise increase in oil output of between 500,000 and 600,000 barrels per

Iran oil minister says problems in oil market are political: SHANA


Iran’s oil minister said on Tuesday that problems in the oil market were political and not the result of a

Saudi struggles for Gulf oil producers’ support ahead of OPEC meeting


Saudi Arabia is struggling to convince fellow OPEC members including Gulf allies on the need to raise oil output, sources

OPEC Faces a Bigger Problem in Washington Than Trump Tweets


American politicians are at it again: punching OPEC.

The cartel has often been a bogeyman for U.S. politicians since the first

Oil rises ahead of OPEC meeting


Oil prices rose on Wednesday, supported by reports of a drop in U.S. commercial crude inventories and the loss of

Iran rules out OPEC deal as Russia, Saudi push for oil output hike


Iran said on Tuesday OPEC was unlikely to reach a deal on oil output this week, setting the stage for

China’s crude oil output edges down 1.6 pct in May


China’s output edged down 1.6 percent year on year in May to 15.97 million tonnes, narrowed from a 2.3-percent decline

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