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(AP Photo/Hasan Jamali) /

Oil prices above $60, close to 2015 highs

By Reuters Singapore – Oil prices were stable on Wednesday, not far off mid-2015 highs reached the previous session, as strong demand and ongoing efforts…

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)

Oil producers keep cap on output up to 2018

By (AFP) Vienna – Oil producer nations agreed Thursday to keep a lid on output for all of next year, despite Russia starting to get…

The deal among 24 oil producing nations reducing output by 1.8 million barrels per day, aimed at reducing a global glut and lifting the price of oil expires on March 31. (AFP / MANIAL BULLETIN)

OPEC committee recommends oil deal extension

By Agence France-Presse A joint committee of oil producers inside and outside OPEC has recommended that a deal curbing output be extended, Russia's energy minister said…

Russian Prime Minister Dmitry Medvedev

Medvedev seeks deeper ASEAN-Russian cooperation

By Bernie C. Magkilat Russian Prime Minister Dmitry Medvedev yesterday offered ASEAN potential cooperation on energy, agriculture, navigation and financial services technology to boost economic…