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Tag: oil prices
Oil prices decline as doubts grow over OPECs supply cuts
2017-06-15 01:00:00| Offshore Technology
Oil prices have slipped to six-week lows due to high global inventories and increasing doubts over OPEC's ability to comply with the agreed output cuts.
Oil prices remain stable as OPEC output cut balances rise in US production
2017-02-07 01:00:00| Offshore Technology
Oil prices remained stable as lower crude production from OPEC countries balanced the increase in US shale production.
Tags: us
prices
production
cut
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.
Oil prices decline again as global production increases
2016-12-06 01:00:00| Offshore Technology
Oil prices fell on Tuesday trading after crude production increased from most of the oil-exporting regions worldwide.
Tags: global
prices
production
oil
Oil prices reaches $55 as OPEC decides to cut production
2016-12-05 01:00:00| Offshore Technology
Oil prices reached $55 after OPEC members agreed to cut production last week. This is the highest price in the last sixteen months.
Tags: prices
production
cut
oil
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