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Tag Archives: Benchmark Brent

Oil prices drop after Saudi Arabia says it will not cut output alone

SINGAPORE – Oil prices dropped around a percentage point in early Asian trade on Monday after Saudi Arabia said over the weekend that it would not unilaterally cut its output to defend prices. Since oil prices started to fall in June 2014, many analysts have expected Saudi Arabia, OPEC’s biggest producer, to curb its output. Yet Riyadh has so far ...

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Top 5 Eagle Ford stories of the week

5. IHS study suggests U.S. oil production to halt by mid-year A new report released by Colorado-based IHS Energy suggests that oil production in the United States could come to a screeching halt by the middle of this year. According to the report, growth is still expected in the early months of 2015, but that momentum will begin to level off ...

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