Media ID: 55359486
Caption:
Media ID: 55359408
Caption:
Media ID: 55358393
Caption:
Media ID: 55357016
Caption:
Media ID: 55353734
Caption:
Caption:
Pump jacks are seen at the Lukoil company owned Imilorskoye oil field, as the sun sets, outside the West Siberian city of Kogalym, Russia, in this January 25, 2016 file photo. REUTERS/Sergei Karpukhin/Files
Caption:
A worker checks the valve of an oil pipe at the Lukoil company owned Imilorskoye oil field outside the West Siberian city of Kogalym, Russia, January 25, 2016. REUTERS/Sergei Karpukhin
Oil up Second Straight Month on OPEC-Fueled Rally
Oil prices settled mixed on Friday while posting their second straight monthly gain on OPEC’s planned output cuts, even as skepticism about the cartel’s pledge grew after data suggested another record high in its production. Brent crude settled up 4...Caption:
A worker looks at a pump jack at an oil field Buzovyazovskoye owned by Bashneft company north from Ufa, Bashkortostan, Russia, July 11, 2015.REUTERS/Sergei Karpukhin/File Photo
Oil Prices Continue to Drop
Cairo–Oil prices continued to drop during Wednesday’s session despite the decrease in the U.S. crude oil’s reserves. Yet, the Libyan statements that oil production could be increased soon had negative effects on the market. The oil market received two blows this week...Caption:
A worker fills a tank with subsidized fuel at a fuel station in Jakarta April 18, 2013. REUTERS/Beawiharta
Oil Market Highly Influenced by Iranian Statements
Al-Khobar – There hasn’t been a day without conflicting statements regarding OPEC production freeze agreement since last week. Every time oil prices fall, an OPEC official would make an announcement that raises hopes and thus increasing the prices again. The price of...Caption:
A pumpjack brings oil to the surface in the Monterey Shale, California, U.S. April 29, 2013,Reuters