Global oil prices sharply decrease

Global oil prices sharply decrease

(VOVworld) – Global oil prices fell sharply on Thursday as the oil volume in the US’s strategic petroleum reserve increased dramatically despite falling oil surpluses in the world’s major...
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 slump on US oil report

Oil prices slump on US oil report

(VOVworld) - Crude oil prices have fallen sharply in the US and world market due to investors’ concern about possible decision made at the meeting of the Organization of the Petroleum...
Oil prices hit new peaks

Oil prices hit new peaks

(VOVworld) - Oil prices have reached new peaks in 2015 after US commercial crude stockpiles unexpectedly slumped, the first decline in four months
Missing oil tanker returns home

Missing oil tanker returns home

(VOVworld) - Oil tanker Sunrise 689, which reportedly lost contact after leaving Singapore for Vietnam on October 2, is on the way home, according to the ship’s owning company - the...
Iran to supply gas for Europe

Iran to supply gas for Europe

(VOVworld) - Iranian Oil Minister Bijan Namdar Zanganeh says his country is ready to supply European countries with natural gas. He was quoted by Press TV on Saturday as saying that as a country...