SINGAPORE, Nov 05, 2014 (AFP) - Oil prices extended losses in Asia Wednesday as dealers looked ahead to the release of the latest US supply report after a sell-off in the previous session owing to price cuts by Saudi Arabia.
SINGAPORE, Oct 21, 2014 (AFP) - Oil prices rose in Asian trade Tuesday, buoyed by strong industrial production data from China, the world's top energy consuming nation, analysts said.
Tehran, YJC. As the oil price is going down in international markets, Saudi Arabia in a fresh coalition with the US has started selling oil to costumers for one dollar below the international average.
ExxonMobil said Friday it would "wind down" a drilling project in the Russian Arctic following US sanctions targeting Moscow over its support for Ukraine's separatist rebels.
Tehran, YJC. OPEC leaders are trying to pose calm as the current production race indicates that it will take long for the market to see oil sold at $100.