Oil prices jumped about 3% yesterday, with Brent hitting one-year highs, after Russia said it was ready to jointhe Organization of the Petroleum Exporting Countries (Opec) in curbing crude output and Algeria’s oil minister said he expected similar commitments from other non-Opec producers.
Tue, 11 Oct, 2016
Saudi Arabia’s new king is expected to continue a policy of keeping oil output steady to drive out rival producers, though the royal succession has focused market attention on the future of the kingdom’s long-serving oil minister.
Sat, 24 Jan, 2015
Brent has advanced on speculation that the drop in prices below $80 a barrel for the first time in four years increases the likelihood that the Organisation of the Petroleum Exporting Countries (Opec) will curb output.
Sat, 15 Nov, 2014