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Expectations of US inflation hike from 3.6% to 4.6% over the next year
A hike in expected US inflation over the next year comes ahead of next month's federal reserve decision on interest rates. Meanwhile, OPEC cuts increase the price of oil.
Oil Market Uncertainty Can Worsen Into A Crisis, Warns Expert
The prevailing uncertainty in the oil market abetted by OPEC production cuts, the U.S. sanctions on Venezuela oil and other factors can snowball into an energy crunch and impact oil price, warned an industry expert.
Qatar to pull out of Saudi-dominated OPEC amid Doha boycott
The surprise declaration could make Qatar the first Middle East nation to leave the cartel since its founding in 1960.
A Texas-sized surge in oil production will hold prices down
With oil demand growth slowing, it's entirely possible that U.S. production alone will increase more than global demand in the next few years.
Saudi Arabia defies Trump and warns of 1m barrels a day cut to crude oil output
Trump in recent weeks demanded the oil cartel increase production to drive down U.S. gasoline prices.
Iran rebuffs Trump's call for OPEC to increase oil output
The OPEC oil ministers began arriving in Vienna on Tuesday ahead of their official meeting Friday, which will also include discussions with Russia.
Opec and non-Opec producers extend oil production cuts to Dec 2018
Russian and Saudi oil ministers came together to drive an extension of output cuts for another 12 months in line with market expectations.
Divergence in IEA and Opec oil demand growth forecasts 'not concerning', says Qatari minister
Mohammed Saleh Al-Sada tells IBTimes UK that global crude demand remains healthy and the market is rebalancing.
Opec on track to extend production cuts but doubts over Russia's cooperation persist
Russia's participation is less than certain after Kremlin expresses concern about length of the proposed extension.
Ten 'crude' years: Manoeuvres, wheeling and dealings at Opec over a volatile decade for oil markets
Having spent the last 10 years covering Opec, the IBTimes Business Editor provides a peek inside the 'central bank of oil'.
Oil plunges from 2-year highs ahead of Opec meeting
Crude futures slide on perceived uptick in US production and Russian reluctance to go along with cartel.
Oil futures are spiking, so who's buying the rally?
The price of oil has risen quickly over the last week or so. However, substantial evidence indicating fundamentals have changed to justify such a speedy increase is yet to emerge.
Opec Secretary General seeks US shale producers' help to cap excess global oil supply
Mohammed Sanusi Barkindo urges American oil producers to reduce production in a bid to prop up crude oil prices.
Oil lurks near $60 mark as Turkey threatens to blockade Iraqi Kurds
Brent futures spike on anticipation of higher demand and geopolitical tension.
Oil price rise due to 'weaker dollar and not Opec pact', says Rosneft boss
Russian majority state-owned company's CEO Igor Sechin says Opec deal has 'no impact' on market.
Bearish IEA report punctures nascent oil market rally
Think-tank predicts slow 'rebalancing' of stubbornly high oil inventories.
Oil hits 2-month high as Donald Trump mulls sanctions on Venezuela
Selected Opec and non-Opec producers to meet again in a bid to improve compliance with cuts as Washington targets Opec member.
Opec grows impatient with errant oil producers not complying with cuts
Cartel has asked for a cap on Nigerian output, and called on several members to boost compliance.
Nigerian court orders seizure of former oil minister's property
Diezani Alison-Madueke, Nigeria's oil minister from 2010-15, is being pursued for alleged corruption allegations.
Ecuador defies Opec and increases oil production
Latin American country says it won't be able to play its part in ongoing production cuts on financial grounds.
Abu Dhabi National Oil Company may beat Saudi Aramco to mega stock floatation
The backbone of UAE's oil and gas business is aiming to list one of its business entities.
Qatar to take legal action against Saudi Arabia in wake of Gulf boycott
Both Saudi and Qatari delegations to the ongoing World Petroleum Congress have largely avoided each other.
Opec 'won't discuss' further oil production cuts in July, says Secretary General
Mohammed Sanusi Barkindo said it would be premature to bring discussions up at World Petroleum Congress.
Oil market rout continues as Brent slumps below $45 per barrel
Crude benchmarks suffer as oversupply concerns continue to weigh on trading sentiment.
Oil plunges to 7-month low on US rig data and Libyan crude uptick
Brent, WTI futures register heavy losses as American rig count rises for 22nd consecutive week.
Oil futures nosedive on US inventory data, IEA warning
Brent and WTI contracts hammered as fears of crude supply glut escalate.
Oil futures slump to their lowest level since March
Global crude benchmarks continue to slide saddled with US oversupply fears and Qatar's diplomatic row.
Oil futures hammered as surge in US inventories adds to market woes
Rising stockpiles of US crude oil add to the downside drag of the Qatar diplomatic row.
Qatari diplomatic row rattles oil market for second successive session
Brent, WTI slide further as Doha calls for dialogue with irate neighbouring countries.
Qatari diplomatic row drags oil futures lower
Decision by several Saudi-led Middle Eastern nations to sever ties with Doha sent oil futures tumbling.