oil prices

 IEA: oil market could be tipped into deficit

Venezuela is likely to remain the biggest risk factor among leading oil producers for some time to come, according to the latest report from the International Energy Agency (IEA). "Within the OPEC countries, the biggest risk factor …

Oil jumps after US State Department shake up

Oil prices rose after US President Donald Trump fired Secretary of State Rex Tillerson, sparking a dollar fall and concern that a deal on Iran's nuclear programme could collapse. May Brent crude …

 Novak: oil demand to be high this year

Russia's Energy Ministry does not expect a decline in world oil demand this spring, the head of the ministry Alexander Novak said. Analysts pointed out that the decline in oil prices in the second half of February …

OPEC+ committed to balancing oil market this year

Oil producers participating in output cuts such as OPEC and Russia have beat expectations on the cuts and they are committed to balancing the market, according to UAE Energy Minister Suhail Al Mazrouei said. "Al …