Growth in demand, rising profits and regulatory support bodes well for the industry, according to a new report.
Russian and Saudi oil ministers came together to drive an extension of output cuts for another 12 months in line with market expectations.
Mohammed Saleh Al-Sada tells IBTimes UK that global crude demand remains healthy and the market is rebalancing.
Russia's participation is less than certain after Kremlin expresses concern about length of the proposed extension.
Having spent the last 10 years covering Opec, the IBTimes Business Editor provides a peek inside the 'central bank of oil'.
Agreement over Brexit bill could unlock next phase of key negotiations with the European Union next month.
Crude futures slide on perceived uptick in US production and Russian reluctance to go along with cartel.
Manjit Wolstenholme had only been appointed executive chairman in August after troubled lender issued its second profit warning.
Benoit Coeure, a senior central banking official, says "economic agents could become less anchored to actual activity and more prone to manias and panics."
The European Union has already upgraded its growth forecast for the eurozone this year to 2.2%
Falling demand and lower wholesale gas prices would cut power prices, research suggests.
Chancellor Philip Hammond downgrades economic forecasts and unveils appealing policy morsels.
Index closed at 30,003.49, breaching the 30,000 threshold for the first time since the financial crisis.
British GDP expected to come in at 1.5% for 2017, falling further until 2020.
A combination of aggressive acquisitions and expansion initiatives have transformed the petrochemical company in a matter of years.