Crude oil prices were slightly up at opening on Tuesday as the U.S. and China's restart of trade talks provided optimism for investors who expect poor global economic growth and low overall oil demand next year. International benchmark Brent crude was trading at $60 a barrel at 0500 GMT...

Iraqi Oil Minister Thamer Ghadhban said Monday he expected the fall in oil prices to stop and for prices to rise over time, adding that if OPEC had not cut production, prices would have dropped to $45-50 per barrel. Speaking at a ministry event in Baghdad, Ghadhban said the recent fall...

Saudi Arabia’s crude oil exports are expected to drop next month by some 1 million barrels per day from November levels, two sources familiar with the matter said Saturday. The world’s top oil exporter is expected to ship about 7.3 million bpd in January, one of the sources said,...

OPEC and it allies announced Friday crude output cuts of 1.2 million barrels per day (mbpd) to balance the global oil market. Members agreed the cartel will curb production by 800,000 mbpd, while non-OPEC oil producers, including Russia, will cut by 400,000 bpd. The supply cuts...