Oil price recovery not backed by fundamentals: OPEC
A recovery in oil prices which began last month is not justified by fundamentals as there remains a supply glut in the market, oil cartel OPEC said Monday in its monthly report.
Mar 16, 2015, 19:56 PM IST
Oil prices hit fresh lows since 2009
Oil prices slipped toward nearly six-year lows Tuesday after OPEC officials underscored the cartel`s resolve to not cut output despite a supply glut and plunging prices.
Jan 14, 2015, 03:01 AM IST
OPEC chief says cartel facing `challenging` time
"This is a very challenging time as you know for OPEC and for the global crude oil wells as a whole," she told journalists in Abuja.
Dec 04, 2014, 09:01 AM IST