Oil and Gas

OPEC not keen on increased Brent crude prices above $60 pbd, Iran oil minister says

A key minister of OPEC has warned that the group risks overheating the oil market as crude prices head toward…

Oil prices near $62 as U.S. crude stockpiles seen declining

Oil steadied near $62 a barrel on estimates that U.S. crude stockpiles declined for an eighth week as the rebalancing…

Oil trades near three-year high as doubts emerge over rally

Oil traded near the highest close in more than three years as U.S. crude stockpiles shrank for the seventh week,…

Global hunt for new oil to slow even amid market boom

The global hunt for new sources of oil will slow by around $3bn this year even as oil prices climb…

Crude prices will rise in 2018, says Iraq’s oil minister

Iraq’s Oil Minister Jabbar Al-Luaibi said he’s optimistic crude prices will increase in 2018, with global stockpiles falling and demand…

Oil market near two-week high after U.S. stockpiles plunge

Oil traded near the highest close in more than two weeks after crude stockpiles in the world’s largest economy slid…