Oil prices jump in blow to global inflation hopes

Oil prices jump in blow to global inflation hopes

(VOVWORLD) - Oil prices surged on Monday after Saudi Arabia and other OPEC+ producers announced a surprise round of output cuts, a potentially ominous sign for global inflation just days after a slowdown...
Efforts to raise oil prices deadlocked

Efforts to raise oil prices deadlocked

(VOVworld)- After 6 hours of negotiations in Doha, Qatar, on April 17 the world’s major oil producers failed reach a deal to limit oil production. Despite optimism ahead of the...
OPEC ready for talk, boosting oil prices

OPEC ready for talk, boosting oil prices

(VOVworld)- Oil prices surged Monday, capping their biggest three-day gain in 25 years, as the Organization of Petroleum Exporting Countries suggested it may be ready to scale back output...
Oil prices plunge to a 6-year low

Oil prices plunge to a 6-year low

(VOVworld) – OPEC’s increasing daily oil production and a record amount of oil storage in the US are the main reasons oil prices bottomed out in the last 6 years
OPEC maintains strategy to stabilise oil prices

OPEC maintains strategy to stabilise oil prices

(VOVworld) - OPEC countries will maintain their collective oil production output for the foreseeable future, officials from the organization said on Tuesday, maintaining that OPEC’s current strategy has helped stabilize...
Oil prices rally slightly

Oil prices rally slightly

(VOVworld) – World oil prices increased slightly Wednesday after reaching their lowest point in the last 5 years