Business, Fuel

Oil Drops as US Drilling Growth Threatens to Counter OPEC Cuts

Oil fell as U.S. drilling continued to rise, undermining the potential for even an extended OPEC output-reduction deal to rebalance the market.

March 20, 2017
Business, Fuel

Oil Trades Near 17-Month High Before Planned OPEC Supply Cuts

Oil traded near the highest since July last year amid optimism OPEC and 11 other producing nations will cut output as promised, helping eliminate a global supply glut.

December 28, 2016