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Oil prices increase as Saudi Arabia plans to extend supply cut deal

2017-09-11 01:00:00| Offshore Technology

Oil prices have risen after Saudi Arabia's Oil Minister Khalid al-Falih reportedly discussed extending the ongoing crude supply cut deal beyond March next year with his Venezuelan and Kazakh counterparts. 

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Oil prices increase as US production drops

2017-07-06 01:00:00| Offshore Technology

Oil prices have risen after US production fell, although the prospect of oversupply in 2018 continues to loom, which has compelled many analysts to reduce their price forecasts.

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Oil prices increase as US production dips

2017-06-29 01:00:00| Offshore Technology

Oil prices have increased to a two-week high following a fall in weekly US production, which eased concerns about supply glut in the global market.

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Oil prices increase due to weaker dollar

2017-06-27 01:00:00| Offshore Technology

Oil prices have risen for the fourth consecutive session due to a weaker dollar, with gains limited due to persistent concerns about the global oversupply.

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Oil prices increase due to concerns over US sanctions against Iran

2017-02-06 01:00:00| Offshore Technology

Oil prices have risen after traders upped their investment in crude futures over rising concerns that US may impose new sanctions on Iran that could decrease global crude supplies.

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