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Iran and oil production Economy, Markets

Iran won’t slow production to help raise oil prices

Iran on Wednesday said it would not restrain oil output as part of a global pact to freeze…

Lane Hanson · February 17, 2016
Oil Prices To Continue Dropping Markets

Oil prices will continue falling in early 2016

Oil prices will likely continue a downward plunge in early 2016, before eventually picking up steam and increasing…

Jeff Springer · December 19, 2015
Oil Production and price per barrel Business, Markets

Here’s How Much It Cost To Produce A Barrel of Crude Oil

Oil is currently trading around $42 per barrel and that’s bad news for producers in some parts of…

Jeff Springer · November 24, 2015
Iran Oil Shares Business

Iran Wants Emergency OPEC Meeting To Stop Sliding Oil Prices

Iran’s Oil Minister, Bijan Zanganeh, has called for an emergency OPEC meeting in order to stabilize collapsing oil…

Peter Mondrose · August 24, 2015
Crude Oil Six Year Low Business

Crude Oil Just Sunk To A Six-Year Low

Crude Oil is continuing on its downward spiral. On Tuesday morning, West Texas Intermediate crude futures in New…

Peter Mondrose · August 11, 2015
OPEC Oil Demand Growth Forecast Business

OPEC’s Oil Demand Growth Forecast Remains Unchanged

The Organization of the Petroleum Exporting Countries (OPEC) has left its demand growth forecast for crude oil unchanged.…

Peter Mondrose · June 10, 2015