March 3rd, 2015
Saudi Oil Minister Ali al-Naimi said in a speech delivered in Berlin that he expected supply and demand of oil to reach a balance soon. His remarks came after a hike on Tuesday in official selling prices (OSPs) of Saudi crude delivered to Asia and the United States.
March 6th, 2015
U.S. oil futures rose on Wednesday and benchmark Brent pared losses as OPEC member Iran stressed that it opposed a timeline for a freeze on nuclear activities, news that helped crude rebound from an early slide tied to swelling U.S. stockpiles.
Oil rig count hit the lowest since April 2011 to 922 by Baker.
April 2nd, 2015
Brent oil fell nearly 4 percent on Thursday after a preliminary pact between Iran and global powers on Tehran's nuclear program, even as officials set further talks in June and analysts questioned when the OPEC member will be allowed to export more crude. - See more at: http://www.rigzone.com/news/oil_gas/a/137966/Oil_Falls_Nearly_4_After_Tentative_Nuclear_Deal_For_Iran#sthash.8jE2u4VR.dpuf
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