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OPEC output cut may hasten oil market rebalance: IEA

SINGAPORE: The oversupplied oil market will be rebalanced earlier than expected if major crude producers implement a deal to cap output when they meet next month, the International Energy Agency chief said Tuesday. Under current…

Oil bosses upbeat on market rebound

LONDON: Movers and shakers from the oil industry descended on London last week and expressed optimism over a sharp rebound in the beleaguered crude market later this year.

Oil prices resume slide in Asia

SINGAPORE: Oil prices resumed their slide in Asia Wednesday as long-running concerns over the saturated market overshadowed talk of possible coordination between some major producers to slash output.