According to sources close to oil ministers, OPEC may be heading towards sealing a deal this month which will limit production whilst members offer flexibility to Iran on production volumes. The main issue in coming to an agreement across all of the cartels countries is that Iran is attempting to step up...

The strength of the dollar and cheap oil is keeping import prices low. Import prices in the U.S. fell in August for the first time in six months due to...

The increase in OPEC output along with faltering demand is pushing inventories up to a record of 3.1 billion barrels in July for developed nations. The...

Oil tankers from China, Japan, Greece, Turkey and the Seychelles have been chartered to ship Iranian oil. Iran’s oil exports ramped up much faster than...

OPEC agreed to maintain its current oil production levels at the meeting. The Organization for Petroleum Exporting Countries is set to maintain its oil...

The OECD advised governments to start spending to save their economies. The Organization for Economic Cooperation and Development warned countries on Wednesday...

Consumer prices in the euro currency area fell by 0.1 percent during May 2016. A slew of fresh data has shown that the Eurozone is still in deflation,...

Shinzo Abe has warned G7 leaders this week that the global economy is at risk of falling into another economic downturn. Japanese Prime Minister Shinzo...

Japanese PM, Shinzo Abe has pushed for policy changes to avoid the global economy from falling into an economic crisis. In a recent G-7 meeting, Japanese...

Crude stocks during the prior week dropped more than expected according to U.S. data. Brent oil futures rose above $50 per barrel on Thursday, a first...