Saudi Energy Minister Khalid Al-Falih has discussed oil markets with his Russian counterpart and stressed that Saudi Arabia would continue to comply with production cuts until the end of 2020. In a tweet, he said we confirm that we will continue to hold such meetings and talks between our t

Iraq and Saudi Arabia have agreed to work together to stabilize oil markets. During a meeting in Baghdad, Iraqi and Saudi oil ministers also discussed an electricity grid connection between the two countries to meet Iraq’s power needs. Saudi oil minister Khalid al-Falih also met Iraqi Prime ...

SINGAPORE: Oil markets were stable on Monday, hovering around Friday’s levels as a lack of conclusive market indicators prevented prices from swinging either way.US West Texas Intermediate (WTI) crude futures CLc1 were at $57.33 a barrel at 0105 GMT, up 3 cents from their last settlement.Brent ...

SINGAPORE: Oil markets opened cautiously on Thursday ahead of the outcome of an OPEC meeting in Vienna later in the day, with members set to debate the path for an extension of the group’s supply-cut agreement.The Organization of the Petroleum Exporting Countries (OPEC) will be meeting at its ...

SINGAPORE: Oil markets were tepid on Monday as traders were reluctant to take on big new positions ahead of an OPEC meeting at the end of the month, when the producer club is expected to decide whether to continue output cuts aimed at propping up prices.Brent crude futures LCOc1, the international ...

SINGAPORE: Oil prices held steady on Thursday after falling late in the previous session, supported by ongoing supply cuts led by OPEC and Russia.However, traders said a price rally that has pushed up Brent crude by over 40 percent since July may have run its course due to increases in US supplies ...

SEOUL: Oil prices inched up on Friday, with Brent crude approaching $60 a barrel, amid tightening market expectations buoyed by comments from Saudi Arabia’s Crown Prince backing the extension of OPEC-led output cuts.International benchmark Brent crude futures were up 8 cents, or 0.13 percent, at ...