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OPEC members show higher compliance to bring down oil stocks

Secretary-General of the Organization of Petroleum Exporting Countries (OPEC) Mohamed Barkindo said Wednesday the member states of the cartel showed in March higher compliance...

Annual Average Oil Prices Likely to Rise in 2017

In the first two months of 2017 OPEC members have demonstrated an unprecedented level of compliance with the production cuts agreed in late 2016....

World Bank puts up commodity prices in new forecasts

The World Bank is nudging up its 2015 forecast for crude oil prices from $53 in April to $57 per barrel after oil prices...