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Tag: prices oil
Oil prices drop due to doubts of freezing output impacting supply glut
2016-02-23 01:00:00| Offshore Technology
Oil prices have fallen more than 2% due to doubts of whether freezing output will have any impact on the global oversupply.
Oil prices increase due to decline in US drilling rig numbers
2016-02-22 01:00:00| Offshore Technology
Oil prices have risen following a fall in oil drilling rig numbers in the US that indicated hopes of lower crude production.
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Oil prices likely to rise as major producers agree to freeze output
2016-02-19 01:00:00| Offshore Technology
Oil prices have fallen but are expected to increase soon after four oil producers, including Russia, Saudi Arabia, Qatar, and Venezuela agreed to freeze output levels.
Oil prices rise as Iran voices support to freeze output
2016-02-18 01:00:00| Offshore Technology
Oil prices have increased towards $35 a barrel and added a 7% rise in the previous session after Iran expressed support for production freezing plans proposed by Russia and Saudi Arabia at January levels.
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Oil prices rise as talks on freezing production turn to Iran
2016-02-17 01:00:00| Offshore Technology
Oil prices have increased due to the freezing of output by Russia and Saudi Arabia, while Iran stands firm on its policy to ramp-up production.
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