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Oil prices fall due to investors uncertainty

World oil prices declined on November 22 due to the uncertainty of investors regarding the possible outcome of a meeting of OPEC in Vienna.

Oil prices fall due to investors uncertainty
Oil prices gain despite rising OPEC supply forecast

Oil prices on the rise joining the positive movement on equities markets despite a new forecast from producing countries for 2017.

Oil prices gain despite rising OPEC supply forecast
OPEC happy with oil market, kingpin Saudi says

Saudi Arabia expressed confidence that oil prices will keep recovering.

OPEC happy with oil market, kingpin Saudi says
Oil plummets on Doha failure

Oil plunged Monday a day after top producers failed to reach a deal in Doha to cap output.

Oil plummets on Doha failure
OPEC warns on oil 'oversupply' ahead of crunch Doha meeting

OPEC warned that the world remains awash with crude ahead of a crunch meeting in Doha to discuss a production freeze to boost the oil price.

OPEC warns on oil 'oversupply' ahead of crunch Doha meeting
Putin says agreement sealed with Russian oil firms to freeze output

Russian President Vladimir Putin said Wednesday that he had sealed a pact with the country's oil majors to freeze production.

Putin says agreement sealed with Russian oil firms to freeze output
Gulf monarchs seek united front at annual summit

Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates face regional divisions, but will struggle to find common ground.

Gulf monarchs seek united front at annual summit
OPEC chief confident of a balanced oil market in 2016

OPEC is confident that the oil market will be "more balanced" next year as non-OPEC production has contracted and global demand is increasing.

OPEC chief confident of a balanced oil market in 2016
Photo courtesy of newskaz.ru.
OPEC unlikely to lose oil influence to US shale: analysts

OPEC's announcement that it is keeping crude output levels unchanged again, despite a collapse in oil prices, reflects the growing influence of booming US shale.

OPEC unlikely to lose oil influence to US shale: analysts
OPEC expected to keep status quo on oil output

OPEC ministers gather for an eagerly awaited meeting which is widely expected to leave its output levels unchanged, despite the recent oil price collapse and global oversupply.

OPEC expected to keep status quo on oil output
Photo courtesy of newskaz.ru.
Venezuela seeks allies outside OPEC to steady oil prices

Latin American crude producer Venezuela, struggling to cope with sharply lower oil prices, is seeking support outside OPEC to stabilise the market.

Venezuela seeks allies outside OPEC to steady oil prices
Saudi oil minister says OPEC strategy working

OPEC's strategy of not cutting production in order to maintain market share is working, Saudi Arabia's oil minister said.

Saudi oil minister says OPEC strategy working
Venezuela's Maduro holds talks in OPEC kingpin Saudi

Venezuelan President Nicolas Maduro held talks in OPEC's leading oil producer Saudi Arabia.

Venezuela's Maduro holds talks in OPEC kingpin Saudi
Venezuela's Maduro in Iran for oil talks

Venezuelan President Nicolas Maduro arrived in Tehran for a 24-hour visit during which he will meet officials from fellow OPEC member Iran.

Venezuela's Maduro in Iran for oil talks
Venezuela's Maduro heads to China to seek financial aid

Venezuelan President Nicolas Maduro begins a trip to China and OPEC member countries late Sunday in search of financial support.

Venezuela's Maduro heads to China to seek financial aid
OPEC won't cut output even at $20 a barrel: Saudi

OPEC will not cut oil production even if the price drops to $20 a barrel and it is unfair to expect the cartel to reduce output if non-members do not.

OPEC won't cut output even at $20 a barrel: Saudi
OPEC will not step in to support oil prices: Kuwait

OPEC has no plans to intervene in the oil market to shore up sagging crude prices, the Kuwaiti oil minister said, as Brent crude breached the $60 mark.

OPEC will not step in to support oil prices: Kuwait
Venezuela to slash budget after OPEC steadies output

Venezuelan President ordered his government to slash the budget of his oil-dependent and economically-weak nation.

Venezuela to slash budget after OPEC steadies output
OPEC mulls oil supply glut weighing on crude prices

OPEC ministers met to try to work out a deal to tackle rising oil supplies that are weighing heavily on crude prices and the cartel's revenues.

OPEC mulls oil supply glut weighing on crude prices
Oil prices mixed ahead of key OPEC meeting

Oil prices were mixed in Asia ahead of a crucial meeting of the OPEC cartel later in the week that will discuss whether to trim output, analysts said.

Oil prices mixed ahead of key OPEC meeting