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Posts Tagged ‘Organization of the Petroleum Exporting Countries’

A maze of crude oil pipes and valves is pictured during a tour by the Department of Energy at the Strategic Petroleum Reserve in Freeport, Texas, U.S. June 9, 2016. REUTERS/Richard Carson / MANILA BULLETIN

Saudis to cut crude prices to Asia buyers

By The Wall Street Journal Saudi Arabia’s state-run oil giant said it would cut the price of its lighter crude grades to Asia in August,…

Increased production in the US, Nigeria and Libya as well as concerns about OPEC's commitment to extending a production cut has hammered oil prices and the share prices of energy firms. (Getty Images North America/AFP / DAVID MCNEW / MANILA BULLETIN)

US oil output back near records, challenging OPEC

By AFP New York – American oil production is approaching record levels again, led by shale projects, potentially foiling efforts by Organization of the Petroleum…

Oil well near Tioga, North Dakota. (AFP PHOTO / Karen BLEIER / FILES) / Manila Bulletin

Oil prices fall on rising US rig count

By Philippine News Agency Oil prices fell on Monday as signs of rising U.S. crude output continued to weigh on prices. The U.S. rig count…