Oil prices nudged higher on Wednesday on rising tensions in the Persian Gulf, a sharp fall in US crude stocks and positive signs on Sino-US talks, although worries about weak demand kept a cap on gains.
News ID: 5483 Publish Date : 2019/07/25
Caterpillar (NYSE: CAT), the world’s no.1 heavy machinery maker, posted on Wednesday disappointing earnings driven mainly by its construction division, the major contributor to earnings, in yet another sign of an ongoing slowdown in manufacturing and volatility in the energy sector.
News ID: 5454 Publish Date : 2019/07/24
Oil prices slipped on Monday after China posted its slowest quarterly economic growth in at least 27 years, reinforcing concerns about demand in the world’s largest crude oil importer.
News ID: 5214 Publish Date : 2019/07/16
Oil prices rose on Monday, buoyed by output cuts by producer club OPEC and reports that the United States and China are close to a deal to end a bitter tariff row that has slowed global economic growth.
News ID: 3830 Publish Date : 2019/03/04
OPEC Secretary-General Mohammad Barkindo said the exporting group was not in the business of fixing oil prices, when asked to comment on a US House committee passing a bill targeting OPEC oil supply cuts.
News ID: 3614 Publish Date : 2019/02/14
Oil prices rose by more than 1% on Monday, lifted by optimism that talks could soon resolve the trade war between the United States and China, while supply cuts by major producers also supported the market.
News ID: 3196 Publish Date : 2019/01/08
The OPEC 175th ministerial meeting was held in Vienna at a time some member states were unhappy with unilateral decisions adopted by some fellow members without having won OPEC consensus.
News ID: 3179 Publish Date : 2019/01/06
Chinese state-owned oil major Sinopec sank as much as 5% in stock markets last week following reports of massive losses from petroleum contracts and the suspension of two executives.
News ID: 3139 Publish Date : 2019/01/02
Kuwait's new oil minister, Khaled Al-Fadhel, has pledged an ongoing commitment to OPEC's production cuts in his first statement to the Kuwait News Agency after being appointed last week.
News ID: 3112 Publish Date : 2018/12/30
Asia-Pacific light-grade base oil prices held in a narrow range in 2018 as steady demand absorbed growing supplies. Heavy-grade prices were in a much wider range, with values surging in the first quarter of the year before sliding steadily throughout the rest of the year.
News ID: 3104 Publish Date : 2018/12/28
Russian Energy Minister Alexander Novak said on Wednesday that oil prices, which fell by more than a third this quarter, would become more stable in the first half of 2019.
News ID: 3085 Publish Date : 2018/12/27
Oil prices plunged more than 6% to the lowest level in more than a year on Monday, pulling back sharply late in the session as fears of an economic slowdown rattled the market.
News ID: 3076 Publish Date : 2018/12/26
Oil prices fell on Tuesday, depressed by record Saudi production even as the kingdom tried to persuade other exporters to agree output cuts ahead of an OPEC meeting next week.
News ID: 2743 Publish Date : 2018/11/28
Oil prices jumped more than 1.5 % on Monday after top exporter Saudi Arabia announced a supply cut in December and other producers also considered reductions heading into 2019.
News ID: 2593 Publish Date : 2018/11/13
Oil prices fell on Monday as the start to US sanctions against Iran's fuel exports was softened by waivers that will allow some countries to still import Iranian crude, at least temporarily.
News ID: 2505 Publish Date : 2018/11/06
Oil prices seesawed on Friday as markets were lifted by hopes the United States and China may resolve their trade disputes soon, before being weighed down by a report Washington had granted several countries waivers on Iran sanctions.
News ID: 2488 Publish Date : 2018/11/03
High oil prices are hurting consumers and could also have adverse implications for producers, the executive director of the International Energy Agency said on Tuesday.
News ID: 2484 Publish Date : 2018/11/01
Indonesia’s state oil company Pertamina is seeking to buy crude oil for delivery in the first quarter of 2019 using currencies other than the US dollar, a tender document reviewed by Reuters showed on Tuesday.
News ID: 2458 Publish Date : 2018/10/27
Uncertainty surrounding Iran’s oil industry ahead of forthcoming US sanctions could prompt “extreme volatility” for oil prices, BP’s chief executive told CNBC Wednesday.
News ID: 2415 Publish Date : 2018/10/12
Oil prices rose on Tuesday as more evidence emerged that crude exports from Iran, OPEC’s third-largest producer, are declining in the run-up to the re-imposition of US sanctions and as a hurricane moved across the Gulf of Mexico.
News ID: 2402 Publish Date : 2018/10/10