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Oil Market Glut Grows Bigger as Saudi Arabia Says Worst Is Over

EghtesadOnline: Listen to Saudi Arabia and hear the oil market is rebalancing. Look at the screen, and Brent is indeed holding above $50 a barrel. But dig deeper into the world of physical oil, and bearish signals abound, at least in the European market that helps dictate global prices.
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Publish Date: 22/October/2016 | 08:54

Brent extends gains after Russia, Saudi Arabia sign pact

EghtesadOnline: Crude prices extended gains on Tuesday, buoyed after top producers Russia and Saudi Arabia agreed to cooperate on stabilizing the oil market, but a lack of immediate action to rein in output capped gains.
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Publish Date: 06/September/2016 | 07:48