Oil

Oil Rises as Kuwaiti Oil Workers Strike Cuts Output

Oil prices rose on Tuesday as an oil workers strike in Kuwait nearly halved crude production from the OPEC member, overshadowing bearish sentiment following Sunday's failure by oil producers to agree to freeze output levels.

What the Break Down in Talks at Doha Means for Oil

A meeting among some of the world's biggest oil producers failed to end with an agreement to freeze production, as many analysts expected. Yet, oil prices saw only moderate declines Monday. What gives?

Oil Fallout: No End in Sight for Cheap Gas

A meeting in Qatar between most of the world’s largest oil producing nations ended with no agreement to close the spigots, thus paving the way for more savings at the gas pump.

Oil Market’s Stability Hinges On Sunday’s Doha Meeting

Following a scheduled meeting in the deserts of Doha, Qatar on Sunday, global oil markets will have more clarity about where some of the world’s biggest producers stand on their willingness to help ease the global supply glut that’s plagued the market for nearly two years.

Oil Falls as Investors Expect Little from Doha Meeting

Oil prices fell more than 3 percent on Friday in thin trade as traders and analysts anticipate a weekend meeting of major oil exporters to do little to help to clear global oversupply quickly, even though it would provide a floor for the market.