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Crude edges down on oil glut worries

Crude prices inched down on Monday in Asia, paring 3 percent gains in the previous session amid worries over a global oil glut. London Brent crude for November delivery LCOc1 was down 18 cents at…

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What Iraqi’s Support For An OPEC Freeze Means For Oil

Iraq surprised the oil market this week by insisting that it would support an output freeze at the upcoming OPEC meeting in Algeria. The comments upend expectations about the outcome of the meeting, raising the…

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New oil minister appointed in Iraq

After Saudi Arabia, Iraq, is the second largest oil-producing member of the Organization of Petroleum Exporting Countries (OPEC). It produces 4.6 million barrels of crude oil every day. A new oil minister has been appointed and…