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Oil Tops $55 for First Time in 16 Months as OPEC Deal Fuels Buying

Mon Dec 5, 2016 17:04:12

Brent crude oil prices rose above $55 a barrel on Monday, trading at a fresh 16-month high, on rising prospects of a tightening market after OPEC members agreed on a landmark deal to cut production last week.

ISIL Faces Sharp Decline in Man Power, Financial Resources in 2016

Mon Jul 25, 2016 21:45:18

ISIL terrorist group has been facing very bad financial situation in 2016, while the number of its forces has been continuously decreasing in the recent months too, a French fact-finding committee said in a report that the

EU firms buying Iraqi Kurdish disputed crude oil: report

Mon Aug 18, 2014 19:06:31

Hungarian oil group MOL has bought 80,000 tonnes of crude from the regional government of Kurdistan in Iraq "at a market price", MOL Managing Director Szabolcs I. Ferencz was quoted as saying on Monday by the Hungarian news agency MTI.