crude oil Archives - Archy Worldys

OPEC strike deal, Russia to reduce oil production

VIENNA – OPEC and Russia agreed to an agreement on Friday to participate in a substantial production cut that would absorb a burgeoning global oil supply glut. The Organization of…

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Business

See the big picture: The oil price decline is part of a broader Asian retreat

2 weeks ago0

SINGAPORE (Reuters) – The sharp decline in crude oil futures in recent weeks has been triggered by an onset of flooding as supply growth began to outstrip demand. However, it…

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Business

Oil prices stabilize after the collapse of "Black Friday"

2 weeks ago0

SINGAPORE (Reuters) – The price of oil stabilized on Monday after plummeting nearly 8 percent in the previous session. However, the price of Brent crude fell below $ 60 a…