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The Saudi and Russian oil ministers are meeting - and crude oil is ripping higher
The commodity is up over 5% on a report in the Financial Times that the Saudi Arabian oil chief, Al…
Ben Moshinsky
SAUDI OIL MINISTER: 'No one can set the price of oil - it's up to Allah'
Al-Naimi also told CNBC that he is not worried about Iran's oil production coming back online. If p…
Akin Oyedele
India cuts oil imports from top supplier Saudi Arabia, increases from Africa
News agency PTI reported that imports from Iran were almost flat at 10.95 MT and shipments from Kuw…
Donald Trump’s sanctions on Iran force Indian oil minister Dharmendra Pradhan to dial Russia for cheaper oil
If US was earlier worried about growing closeness of India with its arch enemy Russia, it has m…
Petrol Cheaper By More Than Rs 2/Litre From Independence Day
"Price of petrol will be reduced from midnight of 14/15 August 2014 in the range of Rs 1.89-2.38 (R…
Saudi Oil Minister Says Russia Doesn't 'Deserve Market Share'
The Russians, by contrast, cannot afford it because they are inefficient producers who can't stop p…
Jim Edwards
Saudi Arabia warns that the world is running out of energy capacity: 'I have never seen these things'
"The world is running out of energy capacity at all levels," said Saudi Oil Minister Prince Abdulaz…
Phil Rosen
Oil producers in the Middle East are worried that high prices will push more people to buy EVs, Iraqi oil minister says
Oil prices are climbing due to Russia's invasion of Ukraine, which has prompted a ban of Russian en…
Sarah Jackson
Saudi oil minister says OPEC did the right thing by not cutting production in November
Over the past eight months, though, with the market in surplus, it is Saudi Arabia that is called u…
Shane Ferro
Saudi Arabia's oil minister says a production cut 'is not going to happen'
Overall, any positive oil price impact from this move, beyond a kneejerk covering of short position…
Myles Udland
Oil pops above $50 after Iraq's oil minister says OPEC is thinking about extending cuts until the end of 2018
The cartel and several other major producers (but not the US) first agreed to slash production back…
Elena Holodny
Kejriwal Orders FIR Against Mukesh Ambani, Moily And Murli Deora Over Gas Prices
Arvind Kejriwal today launched a fresh offensive against Reliance accusing the company of creating …
Times Of India
OPEC and Russia shrug off Trump's tweet tirade on oil prices
The higher oil prices could cause problems for Trump in the lead up to the midterm congressional el…
Michael Selby-Green,Michael S…
Oil climbs to 6-week high after new Saudi energy minister signals more output cuts
The shake-up comes at a difficult time for the oil market, as crude prices have stabilized around $…
Carmen Reinicke
Oil prices jump as Russia and Saudi agree to extend oil output cuts until March 2018
Under the current agreement, the Organization of the Petroleum Exporting Countries (OPEC), of which…
Lianna Brinded,Reuters
Report: OPEC might have an emergency meeting over low oil prices
Diezani Alison-Madueke is the current president of OPEC in addition to the Nigerian oil minister. S…