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Qatar has reduced the price of its al-Shaheen crude for May deliveries, following Saudi Arabia's lead, due to a well-supplied oil market and increased OPEC+ production.

All the latest breaking news on Precious Metals. Browse ibtimes archives of photos, videos and articles on Precious Metals.

Oil prices rose on Friday as the US tightened sanctions against Iran, in addition to ongoing trade tensions. The White House ...

Brent rose to above $70 a barrel after sliding 1.5% in the prior session, and West Texas Intermediate was near $67. The White ...

Trump administration has vowed “maximum pressure” on Iran to disrupt the flow of its oil. Read more at straitstimes.com.

CALGARY (Reuters) -Oil prices fell over 1% on Thursday as markets weighed macroeconomic concerns, including the risk that ...

Saudi Arabia, the world's largest oil exporter, is expected to see a significant decrease in its crude oil shipments to China ...

OPEC's decision to go ahead with its planned production hikes in April implies the oil market is entering a new phase where it lets underlying fundamentals drive prices, but the opposite might be true ...

Kuwait’s cabinet approved a draft decree that paves the way for the OPEC-member Gulf state to sell international debt for the ...

Scott Sheffield, the shale pioneer who sold his company to Exxon Mobil Corp. and was banned from its board by the US Federal ...

Global oil supply could exceed demand by around 600,000 barrels per day this year, the International Energy Agency said on ...