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14 Oct 2016

Oil climbs above $52 per barrel on support from US fuel stocks

Supported by drop in US fuel inventories, oil price climbed above $52 per barrel on Friday. It comes at a time when OPEC is mulling over a plan to reduce oil production.

06 Oct 2016

US oil prices top $50 a barrel for 1st time since June

Oil prices in New York rose above $50 a barrel on Thursday for the first time since June, boosted by lower US petroleum inventories.

11 Mar 2016

IEA says oil price rout may finally be over

The oil price may have finally bottomed out after an unprecedented drop over the past 18 months, the International Energy Agency (IEA) said today, noting oil's "remarkable recovery" over recent weeks

11 Jun 2014

OPEC nations see no reason to alter oil output ceiling

OPEC, the oil producing cartel, will likely stick by its output ceiling at a meeting here, member nations on Wednesday indicated as they expressed satisfaction with current high crude prices.

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