Saudi Arabia, Russia to Freeze Oil Output Near Record Levels

Saudi Arabia and Russia agreed to freeze oil output at near-record levels, the first coordinated move by the world’s two Continue reading →

Venezuela Tries to Convince Oil Nations to Cut Production

Venezuela’s Oil Minister Eulogio Del Pino faces an uphill battle persuading Russia and Saudi Arabia to cooperate in cutting oil Continue reading →

Oil price crash could get even worse in 2016

It’s been a catastrophic 18 months for crude oil, which has suffered a dramatic 68% plunge due to a massive Continue reading →

IEA sees renewed pressure on oil prices as glut worsens

(Reuters) – Oil prices might have stabilized only temporarily because the global oil glut is worsening and U.S. production shows Continue reading →