Iran, Ecuador weigh ways to boost crude prices

Aug 25, 2016

Iran, Ecuador weigh ways to boost crude prices

Iran and Ecuador on Wednesday discussed ways that the two countries can strengthen oil prices as Iran signals it may support joint efforts by exporters to prop up flagging crude. Iran has been boosting output since Western sanctions were eased in January. Tehran refused ...

Oil prices plummet after high-stakes talks among producers fail

Apr 18, 2016

Oil prices plummet after high-stakes talks among producers fail

Oil plunged Monday after the world’s top producers failed to reach agreement on capping output to ease global oversupply, as tensions between Iran and Saudi Arabia stymied an anticipated deal. Prices tumbled more than 5 percent in early Asian trade after top producer Saudi ...

Feb 2, 2015

Kidnapped Libyan oil official released, minister says

A kidnapped senior Libyan oil official has been released after more than two weeks of captivity, a senior official said on Sunday. Libya’s Oil Ministry and energy sector is caught up in a power struggle between the two rival governments that now control different ...

Death of Saudi king unsettles oil market; prices waver

Jan 24, 2015

Death of Saudi king unsettles oil market; prices waver

Oil prices rose initially on news of the death of Saudi Arabia’s powerful King Abdullah, but the increase was moderate and short-lived. The king’s death is unlikely to lead to a change in the kingdom’s immense crude production or change the course of oil ...