West Texas Intermediate

  • Saudi Arabia, Russia to Extend Oil Cut until March 2018

    Saudi Arabia, Russia to Extend Oil Cut until March 2018

    Wednesday, 17th May 2017
    Saudi Arabia and Russia, agreed on the need to extend output cut to rein in a global crude glut.
  • Japan Eyes New Oil Suppliers

    Japan Eyes New Oil Suppliers

    Thursday, 16th June 2016
    Japanese oil companies are expanding their network of crude oil suppliers, becoming less dependent on the Middle Eastern imports.
  • Crude Oil Prices Decline over China’s Economic Slowdown

    Crude Oil Prices Decline over China’s Economic Slowdown

    Monday, 11th January 2016
    Global crude oil prices continue dropping to record low, with Brent down at $32.62 per barrel and US West Texas Intermediate (WTI) as low as $32.36, amid China's emerging economic slowdown and continuous overproduction of crude, which shatters hopes for market recovery in 2016.