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Pedestrians walk next to a PDVSA gas station in Caracas, Venezuela, July 25, 2017. Picture taken July 25, 2017. REUTERS/Andres Martinez Casares
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A gas station worker fuels a vehicle in Tokyo August 26, 2015. REUTERS/Toru Hanai
Oil Rates Rise on OPEC Production Cuts
Oil rates witnessed an increase of some 2 percent on Tuesday after news OPEC oil production has fallen sharply this month and the dollar sank. “This is very high, a good number,” an OPEC source said of the January compliance estimate. The dollar was down...Caption:
A man stands close to the Cardon refinery, which belongs to the Venezuelan state oil company PDVSAn in Punto Fijo, Venezuela July 22, 2016. REUTERS/Carlos Jasso
Oil Rates Increase, OPEC Cut Doubts Weigh
Oil rose slightly on Friday on increased buying ahead of the weekend, but a strong U.S. dollar and lingering doubts that not all OPEC producers would cut output in line with an agreement, pressured prices. Top oil exporter Saudi Arabia, along with fellow Gulf members...Caption:
A worker at an oil field owned by Bashneft, Bashkortostan, Russia, January 28, 2015. REUTERS/Sergei Karpukhin/File Photo
Russia Counts on Oil Rates Rising for a Better Economy in 2017
Moscow- Russia has relentlessly been seeking ways to counter the economic drawback caused by sanctions imposed by the West as a result of Crimea’s annexation, and a vicious standoff with Ukraine. Russia’s economy, highly dependent on the oil market suffered as the...Caption:
Pump jacks are seen in the Midway Sunset oilfield, California, in this April 29, 2013 file photo. REUTERS/Lucy Nicholson/Files