International energy agency

For the last couple of weeks, Brent prices have been in what the markets call backwardation—an occurrence where the price of a futures contract is lower than the spot price.

Why oil is on the boil

3 min read . 08 Nov 2017
In a bid to push prices up, OPEC and key non-cartel members agreed coordinated output cuts in December to push up prices. Photo: AFP

OPEC: Can it ride out the storm?

3 min read . 16 Jul 2017