Tag Archives: oil

[ad_1] Representatives of OPEC and its allies reduced oil production in August because of the decline in supply of Iran due to US sanctions, said Saturday the representatives of energy producers. FILE …

[ad_1] ALGER, Algeria – Saudi Arabia lacks crude oil, people familiar with the issue said, which could lead to higher oil prices. After suffering pressure from the Trump administration on rising oil …

[ad_1] NEW YORK (Reuters) – Oil prices rose slightly on Friday afternoon, restoring most gains after the announcement that major producers would consider an additional bid after US President Donald Trump once …

[ad_1] Algiers (Reuters) – OPEC and other oil producers discuss the possibility of increasing production by 500,000 barrels per day (bpd) to counter the decline in Iran's supply due to US sanctions, …

[ad_1] US oil prices on Friday afternoon traded heavily after briefly offsetting gains, as prices rebounded before the meeting of major oil producers in Algiers over the weekend. A report suggesting that …

[ad_1] Trump initially accused OPEC of rising oil prices in April, renewing its demands in June and July, even after producers reinstated some of their production in June. Certainly, production problems in …

[ad_1] MOSCOW – Russia's oil minister is flying to Algiers this weekend to meet with Saudi and OPEC counterparts. Since joining forces with Saudi Arabia and other members of the Organization of …

[ad_1] Oil infrastructure on Kharg Island in Iran. Photo: ATTA KENARE / AFP / Getty Images Last updated on September 21, 2018 6h30 ET There are still weeks before the US sanctions …

[ad_1] SEOUL (Reuters) – Oil prices were mixed Friday after falling in the previous session as US President Donald Trump urged OPEC to lower crude prices before meeting in Algeria this weekend. …

[ad_1] While the price of crude regularly rises to $ 80 per barrel, President Trump again criticized Thursday OPEC: "Prices continue to climb while the United States spend billions to protect oil …