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Global oil exploration spend to drop further in 2018

Global oil exploration investments in 2018 are expected to be lower than in 2018

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Petronas sees oil prices at $50-$60 over next three years

Petronas sees oil prices at $50-60 over next three years

A hundred dollar a barrel prices are a thing of the past. This is what Malaysian oil company has said in its ...

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OPEC, Non-OPEC agree to oil production cuts

A unanimous decision had been made to extend production cuts both within OPEC and between OPEC and Non-OPEC nations.

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JMCC: Despite oil gaining ground, no time to sit back

The energy world will be watching closely as members of OPEC hold final meeting in Vienna on Thursday to decide on ...

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Saudi Arabia ready to extend oil production cut deal

Saudi Arabia’s Crown Prince Mohammed bin Salman on Saturday said that the Kingdom of Saudi Arabia is ready to ...

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Oil up for seventh session

By Karolin Schaps LONDON (Reuters) – Oil prices climbed for a seventh straight session on Friday thanks to a ...

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Oil prices rise to two-week high

By Karolin Schaps LONDON (Reuters) – Oil prices rose to a two-week high on Thursday, extending a rally into a ...

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Oil prices bounce but stuck near 2017 lows

By Libby George LONDON (Reuters) – Oil prices edged up from 2017 lows on Friday but an ongoing supply excess ...

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Oil edges down as OPEC sees market rebalancing at slower pace

Oil prices edged down on Tuesday after OPEC reported an increase in its production for May despite a supply cut agreement

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OPEC sees oil market rebalancing at slower pace, output up

OPEC on Tuesday said a long-awaited rebalancing of the oil market was under way at a "slower pace" and reported ...

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Oil prices resume slide as supply glut prevails

By Christopher Johnson LONDON (Reuters) – Oil prices resumed a downtrend on Friday following steep falls ...

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Oil subdued on worries Middle East rift will undermine cuts

By Henning Gloystein SINGAPORE (Reuters) – Oil prices bounced around low levels in choppy trading on Tuesday, ...

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OPEC extends oil output cut by nine months

By Rania El Gamal, Ernest Scheyder and Alex Lawler VIENNA (Reuters) – OPEC decided on Thursday to extend cuts ...

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OPEC meets to talk further oil output cut extension

OPEC and several non-OPEC members are meeting on Thursday in Vienna to discuss further strategy on oil production. ...

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OPEC set to prolong oil cuts

By Alex Lawler and Rania El Gamal VIENNA (Reuters) – OPEC will likely agree to extend production cuts for ...

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OPEC sees much higher oil supply from rivals in 2017

By Alex Lawler LONDON (Reuters) – OPEC on Thursday sharply raised its forecast for oil supply from non-member ...

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Saudi energy minister: Oil output cuts may go beyond 2017

Saudi Arabia's energy minister Khalid Al-Falih said on Monday that oil markets were rebalancing after years of ...

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OPEC committed to output cuts

The ten OPEC members’ crude output stayed unchanged in April at 31.85 million barrels per day compared to ...

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Oil prices continue slide

Oil prices continue slide; WTI nearing six-month low as supply glut weighs

Oil prices fell by as much as a further 3 percent on Friday, after prices had crashed to five-month lows in the ...

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Slumping oilfield services sector bets on new offshore tech

By Jessica Resnick-Ault and Liz Hampton HOUSTON (Reuters) – The oil industry’s top equipment and ...

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Oil rebounds on U.S. stocks drawdown, but...

By Naveen Thukral SINGAPORE (Reuters) – Crude oil prices bounced back on Wednesday as a decline in U.S. ...

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