OPEC

Saudi Arabia and Russia agreed to freeze production in a meeting in Qatar today.

The agreement would mean keeping production at January levels, which would allow…

Major oil-producing countries should cut production to lift the falling prices of crude oil, Russian state-run Rosneft’s CEO Igor Sechin said Wednesday at the…

Kuwait plans to raise crude oil production by 150,000 bpd in Q3, a Kuwaiti official said on Tuesday.

Nabil Bouresli, managing director of international marketing at…

Turnover growth for the top 100 global hydrocarbons companies will decline from an estimated 18.6% in 2015 to 5.3% in 2016, according to the UK auditing firm EY’s…

OPEC member states Algeria, Ecuador, Iran, Iraq, Nigeria and Venezuela would consider attending an extraordinary OPEC meeting if it is called, Venezuelan Minister of…

Oil prices fell again on Wednesday following an American Petroleum Institute report about an unexpected rise in US inventories.

Oil prices fell back around the USD…

Halliburton has experienced a Q4 net loss of 54% in its North American operations compared with last year, the US oilfield services company reported on Monday.

The…

Japan lifted nuclear sanctions on Iran Friday following the UN Atomic Energy Agency’s confirmation that the Middle Eastern nation was in the process of breaking down…