OPEC and its allies do not want crude prices to climb to $100 a barrel and are reviving production quickly enough to prevent global markets from “overheating”, Oman’s oil minister said.
OPEC and its allies, a 23-nation group led by Saudi Arabia and Russia, continue to restore output halted...
Oil prices steadied on Wednesday after rising in the previous session on expectations that fuel demand will continue to strengthen as the US Federal Reserve is likely to raise interest rates more slowly than expected.
Brent and US crude oil futures are trading at their highest since the highly...