Oil prices trading around $79 with rising US oil supplies

Oil prices are currently trading around the $79 a barrel range on Wednesday in Asia as investors mulled rising US oil inventories and a weaker US dollar.Benchmark crude oil futures ...

OPEC undecided on oil output rise, sees market balanced

OPEC is still deciding whether to adjust crude oil output in December and so far sees a "balanced" market, a senior Gulf source told Reuters on Tuesday in the Chinese ...

IEA warns non OPEC oil supply will peak in 2010

Non OPEC oil supply will peak in 2010, the IEA says in its World Energy Outlook. The IEA also says that post-peak gas fields are declining at a rate of ...