The current cost of oil drops to its lowest in six months because of concerns that the weak economy of Europe can negatively affect demand for crude.
Read moreChief analyst points to influx of speculative monies as the reason for high gas prices; demand is way out of the picture.
Read moreSaudi Arabia’s Oil Minister said that it the kingdom wants to see oil prices at the $100 per barrel mark as before the second half this year.
Read moreGCC nations are almost assured of robust economies as they are strategically positioned to gain from increasing oil prices.
Read moreThe current price of oil posts another drop for the sixth consecutive day due to the very high crude supply in the United States in 22 years.
Read moreRussian President’s rise to power is linked to oil and observers point to his policy on non-transparency regarding oil funds.
Read moreOPEC ensures abundant oil supply and reiterates that oil prices are influenced by perceptions ofa jittery market.
Read moreCrude prices in Asia stay below $98 per barrel as investors see signs of a weakening growth of Europe’s and the United States’ economies which indicates lower demand.
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