Oil prices drop in trading before US inventory data

Crude oil prices fell back again in today's trading session after recent strong gains and as the market awaited a report on the health of crude inventories in the US.Light ...

Iran may stop crude oil exports if sanctions continue

Iran Oil Minister Masoud Mirkazemi warned the world powers that Iran may stop exporting crude oil if they continue economic sanctions on the country, Iran's Mehr news agency reported."Iran is ...

Oil trading solid around $78 as gold hits $1200

Crude oil prices are trading around the $78 a barrel mark on Wednesday in Asia after US crude supplies unexpectedly rose, suggesting oil demand in the US economy remains weak.Light ...

Russia to take part in Decembers OPEC meeting in Angola

Russia will take part as an observer in the next official OPEC meeting on December 22nd in Angola's capital Luanda, a spokesman for Angola's oil minister said on Monday."There are ...