OPEC

Ecuador announced on Monday that it would no longer comply with the global production-cut deal that was extended by a further nine months in May, sending shockwaves…

Libya said Tuesday it will attend a meeting of OPEC and non-OPEC producers in Saint Petersburg on July 22.

A delegation to the meeting on current market conditions…

Oil prices were slightly higher in European trade on Monday, extending last week’s strong gains on signs that demand for crude will pick up during the second half of…

Oil was firm Friday remaining on track for weekly gains of about 5% as the latest U.S. rig count is awaited.
U.S. crude was up 40 cents, or 0.87%, at $46.48 at 07:00…

Oil prices slowed their advance on Friday morning trade in Asia, reacting to the prospect of high inventories and more efficient production.

The U.S. West Texas…

The IEA Thursday noted “waning confidence” by oil market participants in the re-balancing of supply and demand.

The International Energy Agency noted net long…

Oil jumped Wednesday after an industry report showed a larger-than expected draw in U.S. crude stocks in the latest week.

U.S. crude was up 59 cents, or 1.31%, at…

Oil turned lower after earlier gains Tuesday as supply concerns continue to overhang the market.

U.S. crude was off 45 cents, or 1.01%, at $43.95 at 08:00 ET. Brent…

Crude continued to rebound mildly in Asia on Tuesday, with the possibility of production curbs in Libya and Nigeria and a shrinking of U.S. stockpiles lifting markets.…