All about Oil prices

By Edition On Thursday, May 26th, 2016

Oil tops $50 as decline in U.S. supplies extends recovery

HOUSTON - According to a Bloomberg report, Oil rose above $50 a barrel for the first time in more than six months as falling U.S. crude supplies accelerated a rebound off a 12-year low. Futures climbed as much as More...

By Edition On Monday, April 4th, 2016

Oil falls as investors turn cool on production freeze deal

Oil hovered around one-month lows on Monday as investors ditched some of their bullish bets on another price rise and the chances that top exporters will agree to rein in overproduction appeared to fade. This is More...

By Edition On Tuesday, February 16th, 2016

Oil prices crash after Saudis fail to broker global production cut

Global oil powers cannot agree on a production cut and will freeze output at its highest ever levels instead, sending prices plunging 3pc. The world's two most powerful oil producers have reached a tentative agreement More...

By Edition On Tuesday, February 9th, 2016

World’s largest energy trader sees a decade of low oil prices

Oil prices will stay low for as long as 10 years as Chinese economic growth slows and the U.S. shale industry acts as a cap on any rally, according to the world’s largest independent oil-trading house. "It’s More...

By Edition On Monday, February 1st, 2016

BofA: The oil crash is kicking off one of the largest wealth transfers in human history

Economists are still hotly debating whether the oil crash has been a net positive for advanced economies. Optimists argue that cheap oil is a good thing for consumers and commodity-sensitive businesses, while pessimists More...

By Edition On Wednesday, January 27th, 2016

Iran says Venezuela meeting with OPEC will have a negative impact

CARACAS, TEHERAN - Venezuela has called an emergency meeting to discuss steps to boost oil prices, minimal since 2003. But Iran and the Persian Gulf OPEC members have refused to call a special session. The Iranian More...

Oil spill
By Edition On Wednesday, January 6th, 2016

Oil price falls below $35 a barrel to fresh 11-year low

Oil has continued its rollercoaster ride into the new year, with Brent crude falling below $35 a barrel for the first time in 11 years. Brent crude sank by 4.2% to $34.88 a barrel, surpassing its late December fall, More...

By Edition On Tuesday, November 10th, 2015

Oil steady after IEA sees sharp decline in investment

Oil prices were steady on Tuesday after the International Energy Agency noted unprecedented declines in investment, though the overall picture of an oversupplied market limited any gains. Brent crude LCOc1, the More...

By Edition On Monday, March 2nd, 2015

Prices public transportation down

WILLEMSTAD – The prices for public transportation went down last Sunday. A ride in the city area with the small and medium-sized vans will now cost 1.85. That was two guilders. If you have to go from one zone More...

Oil Barrels with Red Arrow isolated on white background. 3D render
By Edition On Wednesday, February 11th, 2015

The end of OPEC? Oil prices could fall to $20 per barrel

Despite the recent rise in oil prices, it is possible that in the near future it could be reduced to $ 20 per barrel, according to a report by Citigroup. Although in recent weeks the global downturn in spending More...