Oil prices increased slightly on Friday in see-saw trade, under pressure from lower U.S. demand but drawing support from a huge drop in Iraqi crude exports due to tensions in the Kurdistan area.
read more... 23/10/2017
Oil prices decreased on Thursday, after the Energy Department announced a larger-than-expected decline in U.S. inventories and a drop in weekly output. The market was influenced by a bearish outlook by the International Energy Agency, which reduced its forecast for oil demand for 2018.
read more... 13/10/2017
Oil prices edged up for the third day on Wednesday as OPEC predictions of higher demand for 2018 and tensions in Kurdistan buyout prices.
read more... 12/10/2017
The President of Turkmenistan Gurbanguly Berdymukhammedov declared its intention to allocate $93 billion to encourage the country’s oil and gas industry, which has been negatively affected by small world prices and Russia’s decreasing demand.
read more... 11/10/2017
Oil prices dropped on Tuesday as speculators took profits for the second consecutive day after big third-quarter gains and on fears that elevated prices could spur rising U.S. shale output.
read more... 04/10/2017