Petromatrix

3 results

Saudi Arabia and Russia, the world’s two largest crude producers, agreed to freeze output after talks in Qatar. (Photograph:  Andrew Milligan/PA Wire)

Saudi Arabia and Russia, the world’s two largest crude producers, agreed to freeze output after talks in Qatar. The deal to fix production at January(...)

US crude for July was down 99 cents at $59.46

Oil fell to around $63 a barrel on Friday as concern over Greece and a forecast that US shale oil output would keep growing this year countered signs(...)

Pumping oil in Texas. Opec may increase its supply of crude at next meeting.

There’s a risk OPEC will increase its crude- production target when it meets on June 5th, extending a strategy that helped prices to slump last year, (...)