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US-China service sector has come to life, oil has healed because...

The price of brent crude oil rose about one percent on Tuesday, moving closer to the $63 per barrel mark.

Suez Canal is free, oil responds with downturn

A huge boulder from the heart fell to all who watched several days' drama set in the Suez Canal. The 400-metre-long container ship, which had been blocking the canal for several days, sailed again and a key artery of sea traffic managed to dislodge.

OPEC+ will not increase production, says UAE Energy Minister

The price of oil fell six percent on Tuesday. This, too, seems to be why the OPEC+ countries will now not seek to increase production. The Energy Minister of the United Arab Emirates also hinted at this.

The price of oil has fallen sharply. Concerns about the onset...

Oil becomes cheaper for five days in a row. Until Thursday, however, it was only a gradual decline in the price of a barrel of...

The OPEC cartel is under pressure because of the healthier oil....

A barrel of Brent oil has been trading at more than sixty dollars for nearly two weeks. In recent hours, the price has even drawn...

OPEC+ group agrees to light increase in oil production from January

Representatives of the Member States of the Organization of Petroleum Exporting Countries and Russia agreed to increase oil production by 500,000 barrels per day...

OPEC will not let oil price fall, organisation secretary-general said

The OPEC+ group of countries, according to OPEC Secretary-General Mohammed Barkind, looks to avoid further significant falls in oil prices. This is because of...

Goldman Sachs: oil rally will be out of breath soon

The drop should be mainly caused by uncertainty around demand for the strategic commodity, or rather speed of its recovery. The speed will depend...

Joint oil alliance between the US and Saudi Arabia?

The Trump administration may be exploring options to convince Saudi Arabia to quit oil war with Russia American miners suffer from the disputes the most. Oil...

OPEC and Russia to meet in Vienna. Will oil production be...

On Thursday and Friday, OPEC+ representatives meet in Vienna OPEC member countries, Russia and some smaller oil exporters will discuss oil production reduction, which would...

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