Saudi Oil Minister Khalid al-Falih said Sunday that the current down cycle of crude prices is close to an end as market fundamentals improve. “The current down cycle is nearing an end,” Falih told a joint press conference with his Russian counterpart Alexander Novak after a Gulf ministerial meeting in ...
Brent North Sea crude rose to $53.45 a barrel on Monday — its highest price in a year after President Vladimir Putin indicated Russia was ready to join measures to limit global oil production. At around 1453 GMT, the price hit $53.45 — a $1.53 increase from Monday. It was ...
