OPEC will hold extraordinary meetings in March. Concerns about a slowdown in global oil demand remained a key check on oil prices Friday, despite a decision by major oil producers to cut additional ... ... lees verder

Oil futures headed lower Friday as OPEC and other major producers of crude aim to ratify a deeper reduction of output that has been agreed upon in principle but must be unanimously approved by the ... ... lees verder

SYDNEY/TOKYO (Reuters) - Asian stocks gained on Friday as investors took heart from U.S. President Donald Trump saying trade talks with China were "moving right along", and U.S. oil prices sat near ... ... lees verder

Asian stocks held firm on Friday as U.S. President Donald Trump’s rhetoric kept investors’ hopes up on a trade deal with China, while oil sat near two-month highs after producers led by Saudi Arabia ... ... lees verder

Explorers from the Rockefeller family's Standard Oil Companystruck oil in Saudi Arabia in 1938. The venture became known asthe Arabia American Oil Company and crude oil production hit500,000 barrels ... ... lees verder

OPEC and allies led by Russia on Thursday agreed one of the deepest output cuts this decade to prevent oversupply in a deal that will apply for the first three months of 2020. Load Error The ... ... lees verder

Both fundamentals and politics are working in the tanker industry's favor right now. The fundamental problem with betting on the oil tanker industry as long-term investors is that there's very little ... ... lees verder

Oil prices fell in muted trading ahead of OPEC talks in Vienna later on Thursday, trimming some of the sharp gains made the previous session on both the possibility of producers agreeing further ... ... lees verder