OPEC to raise oil output from July

OPEC to raise oil output from July

(VOVWORLD) - The Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC producers have announced that they will raise oil production starting from July to keep the market balance and...
Oil market likely to rebalance in early 2019

Oil market likely to rebalance in early 2019

(VOVWORLD) -Oil ministers from the leading OPEC nations said Sunday they expect prices will arrest their recent slide and rebalance early next year, when a deal on new production cuts...
Oil prices hit record one-year low

Oil prices hit record one-year low

(VOVWORLD) - Oil prices extended a sharp plunge Friday, with New York's key WTI contract diving more than five percent on fears of a global supply glut
Vietnam, Russia seek ways to bolster partnership

Vietnam, Russia seek ways to bolster partnership

(VOVWORLD) - Prime Minister Nguyen Xuan Phuc and his Russian counterpart Dmitry Medvedev discussed measures to further promote the partnership between the two countries in various fields during their talks in...
Oil prices at highest levels in 4 years

Oil prices at highest levels in 4 years

(VOVWORLD) - Oil prices rose to 81 USD a barrel at the close of trading Monday, the highest level since 2014, after the Organization of Petroleum Exporting Countries (OPEC) said it...
US to consider waivers on Iran sanctions

US to consider waivers on Iran sanctions

(VOVWORLD) - The US in certain cases will consider waivers for countries that need more time to wind down imports of oil from Iran as it seeks to avoid disrupting global...
Libya urges UN to block 'illegal' oil trade

Libya urges UN to block 'illegal' oil trade

(VOVWORLD) - Libya's Government of National Accord (GNA) on Tuesday called on the UN Security Council to prevent "illegal" oil exports from Libya after a rival government seized control of...
Iran to veto OPEC’s proposal on supple boost

Iran to veto OPEC’s proposal on supple boost

(VOVWORLD) - Iran’s representatives to the Organization of Petroleum Exporting Countries (OPEC), Hossein Kazempour Ardebili, said Iran along with Venezuela and Iraq will veto Saudi Arabia’s proposal to increase...