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Oil Prices Climb on Projected Inventory Drop
Oil prices recovered on Tuesday after sliding in the prior session on expectations that stockpiles in the U.S. may fall. However, increasing U.S. output and worries that OPEC may boost production continue to affect sentiment...
2018-06-05 07:22:00 UTC+00
28540
Oil,
Investments,
Commodity,
Energy
Oil Prices Slide as Departure of Trump’s Economic Adviser Stoke Trade War Concerns
Oil prices edged down on Wednesday, weighed down by weaker equity markets after a major advocate for free trade in the Trump administration stepped down, stoking worries that Washington will push through with import tariffs and trigger a trade war...
2018-03-07 07:05:00 UTC+00
19840
Oil,
Investments,
Commodity,
Energy
Oil Prices Edge Down as U.S. Rig Number Rises
Prices of oil declined on Monday after U.S. shale drillers established new rigs in the previous week, but prices remained near their highest level since mid-2015, aided by an extension of production cuts agreed last week by OPEC and other producer countries...
2017-12-04 07:47:00 UTC+00
23680
Investments,
Commodity,
Energy
Oil Prices Rally After OPEC Extends Production Cut Deal
Oil futures rallied on Friday after OPEC reached an agreement with other major producers to prolong their production curbs in a widely expected decision with an end target of ending a prevailing glut in global supplies...
2017-12-01 06:51:00 UTC+00
28945
Investments,
Commodity,
Energy
OPEC Strikes Deal with Russia to Extend Production Cuts through 2018
After hours of talks in Vienna, OPEC and non-OPEC member Russia reached an agreement on Thursday to extend production cuts until the end of 2018 that looks to shrink stockpiles and keep prices above $60 per barrel...
2017-12-01 01:17:00 UTC+00
19060
Investments,
Commodity,
Energy
Oil Markets Cautious Ahead of OPEC Meeting in Vienna
Oil markets were cautious before an OPEC meeting in Vienna, where producers are slated to debate a prolongment of the production-cut deal that was implemented in January with the aim of tightening supplies and driving up prices...
2017-11-30 06:09:00 UTC+00
21595
Investments,
Commodity,
Energy
Russia Sees OPEC Reaching Consensus on Oil-Production Cut Deal
OPEC and Russia are now nearing a deal to prolong their oil production cuts until the end of the next year as they showed a united front during talks at Vienna...
2017-11-29 23:39:00 UTC+00
18730
Investments,
Commodity,
Energy
Saudis Advocate Nine-Month Extension of Oil Cut Deal- Source
Top global crude exporter Saudi Arabia is pushing for oil ministers to reach a consensus next week on a nine-month extension to OPEC-initiated production cuts, according to sources, as Riyadh looks to ensure a glut that has weighed down prices is resolved...
2017-11-23 05:47:00 UTC+00
24925
Industry,
Investments,
Commodity,
Energy
Oil Prices Poised for Weekly Decline on Oversupply Concerns
Oil prices were stable on Friday following recent declines, but are bound for their first weekly drop in six weeks as worries regarding the surging U.S...
2017-11-17 07:03:00 UTC+00
33610
Investments,
Commodity,
Energy
Saudi Arabia: OPEC Should Announce Production Cut Extension in Vienna Meeting
Saudi Arabia's Energy Minister Khalid Al-Falih said OPEC and its allies will likely announce an extension of their production curbs when they convene at the end of November...
2017-11-17 02:48:00 UTC+00
22975
Commodity,
Energy
Oil Steady as OPEC Cuts Offset Rising U.S. Production
Oil markets were on a steady footing as increasing U.S. crude production and inventories were countered by bets that OPEC will prolong an ongoing production cut during a meeting in Vienna at the end of November...
2017-11-16 06:59:00 UTC+00
26575
Investments,
Commodity,
Energy
Oil Prices Extends Decline as IEA Stokes Skepticism over Demand Prospects
Oil prices slipped on Wednesday, continuing the previous day's decline after the IEA cast seeds of doubt regarding the previous month's perceived tightening in the fuel markets...
2017-11-15 03:17:00 UTC+00
19045
Investments,
Commodity,
Energy
OPEC, Allies Expected to Push through with Oil Cut Extension
OPEC, along with other oil producers are on their way to deciding at their meeting at the end of the month whether to prolong a global deal to limit oil supply further into 2018, according to two ministers...
2017-11-14 03:25:00 UTC+00
19630
Investments,
Commodity,
Energy
Oil Trading Cautious on Escalating Middle East Tensions, Rise in U.S. Drilling
Oil markets moved with a cautious sentiment on Monday amid persisting geopolitical tensions in the Middle East and after an increasing rig count in the U...
2017-11-13 06:57:00 UTC+00
23575
Investments,
Commodity,
Energy
Tightening Markets, Saudi Purge Give Oil Prices Boost
Oil prices reached their highest levels since July 2015 at the start of the week as markets tightening and as Saudi Arabia's crown prince consolidated his power during the weekend via a sweeping anti-corruption purge that included detainment of high profile personalities and figures in the Kingdom...
2017-11-06 07:27:00 UTC+00
21925
Investments,
Commodity,
Energy
Oil Steady on U.S. Stockpile Drawdown
Oil prices were stable on Thursday as U.S. crude inventories declined despite an increase in production. Meanwhile, outside the U.S., a supply cut initiated by OPEC continued to help tighten the market...
2017-11-02 05:52:00 UTC+00
27340
Investments,
Commodity,
Energy
Oil Prices Edge Down on Rise in U.S. Crude Stocks, Production
Oil prices declined on Thursday, weighed down by an unexpected rise in U.S. crude inventories and as oil production and exports from the U.S. increased in the latest week...
2017-10-26 04:56:00 UTC+00
31885
Investments,
Commodity,
Energy
Saudi Arabia Resolved to End Global Oil Glut
Saudi Arabia, world's top oil exporter, is determined to lower stockpiles further via an OPEC-initiated deal to limit crude production and lifted the prospect of extended restraint once the deal ends to avoid a buildup in surplus supplies...
2017-10-25 06:38:00 UTC+00
22150
Investments,
Commodity,
Energy
Oil Prices Lifted by Decline in Southern Iraq Exports
Oil prices edged up on Tuesday, propped up by a drop in oil exports from OPEC's second-biggest producer Iraq and a predicted extended decline in U.S. oil inventories...
2017-10-24 06:32:00 UTC+00
30865
Industry,
Investments,
Commodity,
Energy
Oil Prices Rally on Improving Fundamentals
Oil prices rallied on Friday, propped up by indications of tightening supply and demand fundamentals. However, a warning regarding excessive China economic optimism still somewhat affected sentiment in the markets...
2017-10-20 07:33:00 UTC+00
31270
Industry,
Investments,
Commodity,
Energy
Oil Remain Elevated as Iraq Tensions Heat Up
Oil prices stayed close to this month's high after Iraqi forces took control of Kirkuk city from the mostly autonomous Kurdish troops.U.S. crude futures traded at $51...
2017-10-17 06:37:00 UTC+00
24580
Investments,
Commodity,
Energy
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