Iran is taking steps to ramp up oil exports ahead of an end to US-led sanctions, extending crude contracts with its two Chinese buyers into 2016 and starting talks with other potential buyers there, sources involved in the talks said

Kuwait has appointed a new acting oil minister with Anas al-Saleh taking on the position in addition to his roles as finance minister and deputy prime minister

OPEC’s oil output has seen a marginal increase in November, compared to October 2015, according to a Reuters survey

Saudi Arabian energy and chemicals company Saudi Aramco has launched its research and development centre in Michigan, Detroit 

Oil production from Organization of the Petroleum Exporting Countries (OPEC) totalled 31.08mn bpd in October, down 120,000 bpd from September this year, and the lowest level since May, Platts survey revealed