Organization of the Petroleum Exporting Countries

Oil prices fell by around 1 per cent on Monday as drilling activity in the United States, the world’s largest oil producer, picked up and financial markets were pulled down by trade concerns. A refinery fire in the U.S. state of…

OPEC Secretary-General, Mohammad Barkindo, on Tuesday, said global spare oil capacity was shrinking. Barkindo, who spoke at the IHS CERA conference urged producers and companies to increase their production capacities and invest more to…