Brent oil prices trading around $71, heading lower?

Brent crude oil prices are trading lower around $71.57 a barrel on the London based ICE Futures Europe exchange on Monday as crude oil futures fell for a ninth day, ...

Peak oil output possible in just ten years

Fatih Birol, the chief economist of the IEA, believes that if no big new discoveries are made, "the output of conventional oil will peak in 2020 if oil demand grows ...

OPEC oil output change unlikely says Kuwait oil minister

Kuwait's oil minister said Sunday OPEC members probably won't change its production levels when it meets on December 22nd in Angola. Sheik Ahmed al-Abdullah al-Sabah made the comments to state ...

Light oil prices trading under $70, eyes on US dollar

Light oil prices headed lower for a ninth straight session in trading on Monday, but pared losses after news of a Dubai bailout, which boosted the euro against the US ...

Oil trading around $69, OPEC signals no oil output cut

Oil prices fell to near $69 a barrel in trading on Monday in Asia amid signs OPEC doesn't plan to cut crude output when it meets next week.Benchmark crude for ...