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Oil prices remain steady as OPEC agrees to cut production

2016-10-03 01:00:00| Offshore Technology

Brent crude oil prices have remained steady above $50 a barrel after the Organization of the Petroleum Exporting Countries (OPEC) agreed to a production cut.

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Oil prices ease on doubts about Opec production cuts

2016-09-29 12:23:57| BBC News | Business | UK Edition

The price of oil slips back in Thursday trading as traders question whether the output cut agreed by Opec will be binding.

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Oil prices increase as data shows drop in US crude stocks

2016-09-28 01:00:00| Offshore Technology

Oil prices have increased due to industry data indicating a fall in US crude stocks.

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Oil prices remain steady ahead of OPEC meet to discuss curbing oversupply

2016-09-26 01:00:00| Offshore Technology

Oil prices have remained steady as major oil producers across the globe gathered in Algeria to discuss a production freeze deal to help the oversupplied market.

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Report: Low crude oil prices to continue to impact capex spending on planned projects

2016-09-23 01:00:00| Offshore Technology

Capex spending on planned oil and gas projects is expected to fall further due to low crude prices, with estimated decreases from $299.2bn in 2016 to $167.61bn by 2020, according to a GlobalData report.

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