Topic
Tag: oil prices
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Oil prices drop again after OPEC raises production limit
The Organization of Petroleum Exporting Countries (OPEC) agreed at its 168th meeting to increase the cap on oil production to 31.5 million barrels a…
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OPEC holds firm on production quotas despite price collapse
OPEC announced, after a meeting on Friday June 5, that it is not adjusting its production quotas. The Organization of Petroleum Exporting Countries said…
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Oil prices rise with U.S. announcing dip in production
The United States has reduced its shale oil exports for the first time in over four years. This reduction, in conjunction with the intensification…
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Gasoline price to rise despite earlier government denial
The Iranian government will increase the price of gasoline by five percent in the coming year. Meanwhile, Parliament has also raised the price of…
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Long-term oil price prediction drives price even lower
Following predictions from the International Energy Agency that the price of oil will see a limited rise in the next five years, oil prices…