oil glut

Saudi Arabia could maintain its total production capacity with the expansion of an oilfield

Market is reacting to hopes that there will be more talks to discuss freezing output measures to support oil prices

Prices resume their decline after the Kuwait Oil Workers Union end their mass action

Top producers failed to reach an agreement on capping output aimed at easing a global supply glut

Oil surplus will fall to 200,000 barrels per day in the second half of this year

Prices shot to 2016 highs this week and are now well over $40 a barrel