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Oil Producing Countries

20 Apr 2017

Oil producers might have to extend output cuts: Saudi Minister

Saudi Arabia's energy minister said on Thursday that oil-producing countries might have to extend output cuts agreed for the first six months of the year in order to achieve the desired rebalancing of the market.

08 Sep 2015

Weak economic outlook and oversupply weigh on oil markets

Japan`s economy shrank an annualised 1.2 percent in April-June, revised GDP data showed on Tuesday, despite ongoing government and central bank measures to support growth.

28 May 2015

Venezuela, Russia's Rosneft agree on $14 billion oil, gas investment

"We had a great meeting and agreed on investment of over $14 billion," said Maduro during a televised broadcast, adding the funds would go towards doubling Venezuela`s oil production.

24 Nov 2014

Oil prices mixed ahead of key OPEC meeting

The OPEC will hold one of its toughest and most significant meetings in recent years on Thursday with members under pressure to address falling prices.

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