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Oil prices up on rising Middle East tension, ongoing OPEC supply cut
Tue, May 21, 2019
Oil prices edged up on Tuesday on signs that producer club OPEC will continue withholding supply this year and as tensions between the United States and Iran escalated.
Oil prices pares gains as fears ease on Venezuelan exports
Wed, May 01, 2019
Oil prices pared their gains on Tuesday, after global benchmark Brent crude rose above $73 a barrel, as the market grew less worried that a rebellion against Venezuelan President Nicolas Maduro would hit the country`s crude exports.
Brent down 3 pc; boost output: Donald Trump to OPEC
Sun, Apr 28, 2019
Global oil benchmark Brent fell nearly 3 per cent to $71 a barrel on Saturday after US President Donald Trump asked oil cartel OPEC to boost production and cool off the surging oil prices.
Global Markets: Oil price rises on US pressure on India, China to curb Iranian oil imports
Mon, Apr 22, 2019
The United States demanded a cut off of Iranian oil exports to major importers like China and India who had been granted exemptions from sanctions.
Oil prices rise amid supply cuts, economic slowdown looms
Tue, Mar 26, 2019
Oil prices firmed on Tuesday, pushed up by ongoing supply cuts led by producer club OPEC and by U.S. sanctions on Iran and Venezuela, but analysts warned that signs of a sharp economic slowdown could soon drag on crude markets.
Oil slips but holds near 2019 peak as supplies tighten
Thu, Mar 21, 2019
Oil edged lower on Thursday but held near 2019 highs, supported by a sharp tightening of global stocks, OPEC production cuts and US sanctions on key producers Iran and Venezuela.
Oil prices near 2019 highs ahead of official US weekly data
Wed, Mar 20, 2019
Oil prices held close to four-month highs on Tuesday on expectations that OPEC would continue production cuts through the end of the year and ahead of official weekly U.S. crude inventory data.
Oil prices rise amid OPEC supply cuts, US sanctions on Iran and Venezuela
Wed, Mar 13, 2019
Markets have been further tightened by the implementation of U.S. sanctions against oil exports from OPEC-members Iran and Venezuela.
Oil prices gain as Saudi minister stands by OPEC output cuts
Tue, Mar 12, 2019
Oil prices rose 1 percent on Monday, lifted by comments from Saudi Energy Minister Khalid al-Falih that an end to OPEC-led supply cuts was unlikely before June.
Oil edges higher towards $66 as OPEC-led cuts in view
Tue, Mar 05, 2019
A Brent price of $70, he added, "can be reached quite soon," citing OPEC cuts, U.S. sanctions against OPEC members Iran and Venezuela, and slowing U.S shale oil production growth.
Oil jumps after US crude stocks drop, OPEC stays firm on production cuts
Wed, Feb 27, 2019
Saudi Energy Minister Khalid al-Falih said the Organization of the Petroleum Exporting Countries and its partners were already "taking it easy" in response to a tweet from Trump on Monday, who told the group to "relax" on production cuts.
Oil rises on trade talks and supply cuts, but economic slowdown looms
Mon, Jan 07, 2019
U.S. West Texas Intermediate (WTI) crude oil futures were at $48.65 per barrel, up 69 cents, or 1.4 percent .
Brent crude rises over $1, but set for first yearly drop since 2015
Mon, Dec 31, 2018
Oil prices rose more than 2 percent on the final day of the year, mirroring gains in stock markets, but were on track for their first annual decline in three years as concerns of a persistent supply glut lingered.
OPEC to consider views of Modi seriously before cutting production: Saudi oil min
Thu, Dec 06, 2018
Oil cartel OPEC will consider views of world leaders such as Prime Minister Narendra Modi, who represent the voice of major consuming nations, with seriousness before taking a decision on cutting output to support falling prices, Saudi oil minister Khalid Al Falih said Thursday.
Oil prices extend gains on expected OPEC-led supply cuts
Tue, Dec 04, 2018
Oil prices rose on Tuesday, extending strong gains from the previous day amid expected OPEC-led supply cuts and a mandated reduction in Canadian output.
Oil prices shot up as US, China suspend trade hostilities
Mon, Dec 03, 2018
Oil prices shot higher on Monday after the United States and China agreed a 90-day truce in their trade conflict and ahead of a meeting by producer club OPEC this week that is expected to result in a supply cut. U.S.
Oil hits 2018 lows on emerging supply glut, OPEC expected to cut
Fri, Nov 23, 2018
Oil prices slumped to 2018 lows on Friday in choppy trading, pulled down an emerging crude supply overhang amid a bleak economic outlook.
Oil jumps towards $67 as OPEC, partners discuss proposal to cut output
Wed, Nov 14, 2018
Crude rallied after three sources familiar with the issue said OPEC and its partners are discussing a proposal to cut output by up to 1.4 million barrels per day (bpd), a larger figure than officials have mentioned previously International benchmark Brent crude rose $1.18 a barrel to $66.65 as of 0955 GMT, having fallen as low as $65.02 earlier. U.S. crude was up 60 cents at $56.29.
Oil prices stable as talk of OPEC output cuts supports, but soaring US production drags
Thu, Nov 08, 2018
Oil prices were stable on Thursday, supported by rumblings from within OPEC that production curbs may become necessary again to prevent a return of global oversupply.
OPEC sees slower 2019 global oil demand growth, warns on economy
Wed, Sep 12, 2018
In a monthly report, the Organization of the Petroleum Exporting Countries said world oil demand next year will rise by 1.41 million barrels per day, 20,000 bpd less than last month and the second consecutive reduction in the forecast.