Commodity

OPEC, Russia agree to slash oil output despite Trump pressure

 OPEC and its Russia-led allies agreed on Friday to slash oil production by more than the market had expected despite

OPEC works on deal to cut output, still needs Russia on board

VIENNA (Reuters) – OPEC and its allies are working towards a deal this week to reduce oil output by at

A slippery trade: oil slump proves bears right

LONDON (Reuters) – The latest collapse in oil prices has proved some investors right in their lack of confidence in

The oil price swings dramatically

THE OIL price was supposed to be soaring around now. With American sanctions against Iran taking effect earlier this month, exports

U.S. renews Iran sanctions, grants oil waivers to China, seven others

The United States snapped sanctions back in place on Monday to choke Iran’s oil and shipping industries, while temporarily allowing

Israel announces new oil and gas exploration round in eastern Med

JERUSALEM (Reuters) – Israel will tender off 19 new offshore blocks to oil and gas companies, its energy ministry said

India, other nations to benefit from U.S. waiver on Iran oil buys – minister

India and other leading oil buyers will benefit from the waiver the United States has granted them from Iran sanctions,

Saudi Arabia’s might as an oil producer is being tested

  OIL TRADERS are inherently strong-stomached, but even for them October has been a woozy month. On October 3rd the

India’s oil imports surge to $10.91 billion in September

MUMBAI (Reuters) – India’s crude oil imports in September touched $ 10.91 billion, up 33.6 percent from a year ago,

Saudi to meet India’s oil demand, absorb supply shocks – Falih

NEW DELHI (Reuters) – Saudi Arabia is committed to meeting India’s rising oil demand and is the “shock absorber” for