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OPEC Secretary General Mohammad Barkindo called the cuts "historic".
Top crude producers will on Thursday hold a crucial teleconference to discuss a possible cut in outp...
US benchmark West Texas Intermediate rose 4.6 percent to US$26.26 a barrel, while Brent crude, the i...
Oil is witnessing an unprecedented, simultaneous demand and supply shock that has the potential to s...
Leading world crude exporter Saudi Arabia on Thursday made a surprise call for a meeting of the OPEC...
State giant Aramco offering 18.8 million barrels on a single day despite a global supply glut as a p...
Futures in London fell as much as 7.6 percent to the lowest since November 2002, while New York crud...
Brent crude settled down $3.80, or 11.2 percent, at $30.05 a barrel. The international benchmark fel...
Futures in New York rose about 6 percent after losing a quarter of their value Monday in the biggest...
The current circumstances may ease state-owned oil producer Pertamina’s oil import burden, she...