Oil rose as Saudi Aramco slashed its sales to key buyers and the IEA said that the market is showing signs of improving.
News ID: 9506 Publish Date : 2020/05/15
Oil fell below $19 per barrel in New York after a wave of gloomy demand forecasts and a cratering physical market outweighed an unprecedented deal to cut output.
News ID: 9187 Publish Date : 2020/04/18
Oil prices fell on Monday, after Saudi Arabia and Russia delayed a meeting to discuss output cuts that could help alleviate global oversupply as the coronavirus pandemic pummels demand.
News ID: 9064 Publish Date : 2020/04/06
Oil prices fell on Monday, after Saudi Arabia and Russia delayed a meeting to discuss output cuts that could help alleviate global oversupply as the coronavirus pandemic pummels demand.
News ID: 9063 Publish Date : 2020/04/07
Crude futures rose by 10pc today after US president Donald Trump suggested that Saudi Arabia and Russia may be close to "a deal" to alleviate the oil price collapse.
News ID: 9024 Publish Date : 2020/04/02
A meeting of the Opec and non-Opec Joint Technical Committee (JTC) will no longer take place as scheduled on 18 March, reducing any chance that the group will revisit extending its production deal in the short term.
News ID: 8695 Publish Date : 2020/03/12
Crude futures fell sharply in Asian trading as the widening coronavirus outbreak threatens economic growth.
News ID: 8523 Publish Date : 2020/02/28
Oil prices rose a further 2% on Monday, pushing Brent above $70 a barrel, as rhetoric from the United States, Iran and Iraq fanned tensions in the Middle East after a US air strike which martyred a top Iranian military commander in Iraq.
News ID: 8234 Publish Date : 2020/01/06
OPEC and its allies plan to deepen oil cuts and have the deal in place so it runs at least until June 2020 as Saudi Arabia wants to deliver a positive surprise to the market before the listing of Saudi Aramco, two sources familiar with the talks said.
News ID: 7721 Publish Date : 2019/12/02
The long-awaited change to Mexican state-owned Pemex's Maya crude pricing formula finally came this week, as shifting environmental regulations and declining liquidity in select markets threatened to make the decades-old calculation obsolete.
News ID: 6715 Publish Date : 2019/10/18
Oil prices were up on Monday, buoyed by hopes of progress in US-China trade talks and supported by challenges to supply facing major exporters.
News ID: 6565 Publish Date : 2019/10/07
Brent crude oil futures rose above $60 a barrel on Wednesday after industry data showed a larger-than-expected drop in US crude inventories, but lingering worries about a possible global recession capped gains.
News ID: 6086 Publish Date : 2019/08/22
Oil prices fell on Monday as investors fretted over the outlook for global economic growth, while weekend talks between Iran and major powers ended on a generally positive note, suggesting an easing of tensions in the Middle East.
News ID: 5597 Publish Date : 2019/07/30
Oil prices rose more than 2% on Monday on concerns that Iran’s seizure of a British tanker last week may lead to supply disruptions in the energy-rich Persian Gulf.
News ID: 5415 Publish Date : 2019/07/23
The International Energy Agency is "significantly" concerned about geopolitical tensions, including in the Strait of Hormuz, but oil markets are currently well supplied and unlikely to see "huge price increases for now," the head of the agency said Friday.
News ID: 5330 Publish Date : 2019/07/20
Oil prices on Wednesday regained little ground lost in the previous session, weighed down by industry data suggesting US crude inventories fell less than expected.
News ID: 5278 Publish Date : 2019/07/18
Oil prices slipped on Monday as signs of an economic slowdown amid international trade disputes began to outweigh supply fears that were stoked by attacks on oil tankers in the Gulf of Oman last week and sent prices higher.
News ID: 4839 Publish Date : 2019/06/18
Oil slumped over 3% on Friday and posted its biggest monthly drop in six months, after US President Donald Trump stoked global trade tensions by threatening tariffs on Mexico, a key US trade partner and major supplier of crude oil.
News ID: 4726 Publish Date : 2019/06/02
Oil prices rose again Friday and were on track for the first weekly gains this month, as rising tensions in the Middle East stoked fears of supply disruptions.
News ID: 4566 Publish Date : 2019/05/18
Venezuela is in chaos. Iran is grappling with US sanctions. And now there is a surge of violence in Libya. Trouble in these three OPEC nations has helped send US oil prices climbing back above $64 a barrel.
News ID: 4313 Publish Date : 2019/04/11