• European stocks drop amid Italy uncertainty, oil falls again

    3 monthes ago - By Chron

    HONG KONG - European stock markets slipped Monday after small gains in Asia as investors digested the latest developments in North Korean diplomacy and Italian domestic politics. Crude oil extended losses as traders braced for possible output increases.
    KEEPING SCORE: France's CAC 40 fell 0.2 percent to 5,533 and Germany's DAX slid 0.1 percent to 12,929. Italy's benchmark FTSE MIB opened higher but drifted lower to trade down 1.4 percent at 22,094. British and U.S. markets were closed for public holidays, meaning global trading volumes were lower than usual.
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  • OPEC and Russia Want to Make Sure Oil Prices Don't Get Too High. But It Might Be Out of Their Control

    3 monthes ago - By Fortune

    OPEC and Russia have historically managed to maintain tight control over oil prices, but that might be coming to an end.
    Since last year, oil producing countries have cut back production in an attempt to offset dipping prices, withholding as much as 1.8 million barrels per day. Oil had reached a more than 10 year low, dropping to less than $30 a barrel.
    Those efforts paid off, with prices rising to as much as $80 a barrel, or approximately $3 a gallon in the U.S.-a 25% increase from last year and the highest since 2014. But by last week, Saudi Arabia and Russia, as well as the U.S., all...
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  • Oil prices plunge on signs that Russia & Saudi Arabia may increase production

    Oil prices plunge on signs that Russia & Saudi Arabia may increase production

    3 monthes ago - By RT

    Crude prices dropped on Monday following indications that Russia and Saudi Arabia may revive oil production, which was halted as part of a deal between OPEC and allies in January last year.
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  • Oil sinks further as OPEC and Russia look to raise output

    3 monthes ago - By Reuters

    LONDON - Oil prices extended losses on Monday as Saudi Arabia and Russia said they may increase supplies while U.S. production gains show no signs of slowing.
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  • U.S. record oil exports bite into Russia, OPEC market share in Asia

    3 monthes ago - By Reuters

    SINGAPORE - Record crude oil volumes exported from the United States will be heading to Asia in the next couple of months to take another piece of the market away from Russia and producers in the Organization of the Petroleum Exporting Countries .
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