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The price for crude Monday morning is about $46 a barrel, and where it goes from there depends on the outcome of a meeting of OPEC oil ministers scheduled for Wednesday in Vienna.
The OPEC meeting on November 30 could result in a cut of nearly 2% to the world’s daily output if Saudi Arabia gets its way. The Saudis are pushing a cut to daily production to a ceiling of 32.5...
The government of India recently kicked off a new program to attract foreign aircraft makers to build military fighter jets for the Indian Air Force in India using the foreign companies' technology.
For the first time in three months, the price of a barrel of West Texas Intermediate (WTI) crude oil appears set to close above $50. WTI for November delivery reached an intraday high of $50.51 and...
On the sidelines of the G20 summit meeting in Hangzhou, the Russian and Saudi Arabian oil ministers met and agreed to create a producers’ group that would meet regularly to monitor the oil markets....
Iran reportedly is "sending positive signals" that it may support a freeze on production at the OPEC meeting scheduled for next month.
It turns out that there may just be a few points driving all this gold demand. And to make matters even more complex, those pressures may only get stronger ahead.
While passenger airlines were booking strong profits in 2015 due primarily to low fuel costs, cargo carriers had a tougher time.
BP and Russia's state-controlled oil company Rosneft have agreed to create a new joint venture to explore for oil in west and central Siberia. The venure is called Yermak Neftegaz.
An International Energy Agency expert told CNBC on Friday that the world's two largest producers, Russia and Saudi Arabia, are expected to pump "as much oil as possible."
U.S. drivers can expect to gasoline prices this summer to average about 22% less than last year, according to the U.S. Energy Information Administration.
On top of news that money outflows out of Russia have slowed in 2016, Credit Suisse's emerging markets investing team has lifted its weighting for Russia.
Low oil prices have taken a toll on U.S. producers, sending some of the smaller firms with high debt loads into the bankruptcy courts. The impact on some oil producing nations has created similar...
Moody's now sees increased risks to the global growth story for the 2016 to 2017.
There is an agreement among Saudi Arabia, Russia, Venezuela and Qatar that the four producing nations would freeze output at January levels.