Oil prices fell on Monday on signs that worldwide oil storage is filling rapidly, raising concerns that production cuts will not be fast enough to fully offset the collapse in demand from the coronavirus pandemic.
News ID: 9259 Publish Date : 2020/04/27
OPEC could deliver a larger-than-expected production cut at its meeting later this week, according to MUFG Bank.
News ID: 8568 Publish Date : 2020/03/03
The OECD has raised the prospect of the coronavirus halving the rate of global economic growth this year.
News ID: 8531 Publish Date : 2020/03/02
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 slipped on Wednesday after the IMF lowered its global growth forecasts, but markets were supported as Hurricane Michael moved toward Florida causing the shutdown of nearly 40% of US Gulf of Mexico crude production.
News ID: 2413 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
OPEC Secretary-General Mohammad Barkindo called for cooperation between OPEC and non-OPEC countries, warning that failure to do so could lead to one crisis after another.
News ID: 2283 Publish Date : 2018/09/27
Oil held mostly steady on Wednesday, as the boost from a report showing a drop in US crude inventories last week was offset by evidence of soaring US output. Brent crude futures edged down 11 cents to $66.75 a barrel, while US West Texas Intermediate crude futures eased 12 cents to $63.27 a barrel, CNBC reported.
News ID: 1913 Publish Date : 2018/02/09
Average prices of Iranian crude oil have soared by around $12 per barrel in 2017 from the previous year, the Oil Ministry said, reflecting an upward trajectory in global prices of the energy commodity.
News ID: 1655 Publish Date : 2017/12/11
A stronger than anticipated OPEC-led commitment to extend production cuts will support prices through 2018, according to analysts at Goldman Sachs.
News ID: 1627 Publish Date : 2017/12/11
Oil prices fell on Wednesday on expectations that US producers would boost output.
News ID: 884 Publish Date : 2017/01/20
Glencore in talks to sell Philippine copper smelting unit
Rasul Khalife Soltani, Secretary of the Iranian Steel Producers Association on the sidelines of the 1403 Steel Symposium:
Mobarakeh steel is producing green steel through scrap recycling
India’s record gold import said to be due to calculation error
Norilsk Nickel plans to sell all it produces in 2025
Volkswagen buys 9.9% of Patriot Battery Metals for $48 million
Sibanye raises $500m via metals streaming deal with Franco-Nevada
Norge Mining acquires Europe’s largest natural graphite producer
Mercuria partners with Zambia on metals trading venture
Aluminum price falls to one-month low in wider commodity slump
Lure of Anglo’s copper mines could test BHP’s spending resolve
Copper giant Peru foresees another production plateau in 2025
Iron ore price weakens as Australia flags return to sub-$100 prices
Nickel price hits 4-year low as gloom offsets potential Indonesia cuts
Mercuria partners with Zambia on metals trading venture
Sibanye raises $500m via metals streaming deal with Franco-Nevada
Triple Flag to acquire royalty on Tres Quebradas lithium project
Volkswagen buys 9.9% of Patriot Battery Metals for $48 million
Aluminum price falls to one-month low in wider commodity slump
India’s record gold import said to be due to calculation error
Lure of Anglo’s copper mines could test BHP’s spending resolve
Iron ore price weakens as Australia flags return to sub-$100 prices
Nickel price hits 4-year low as gloom offsets potential Indonesia cuts
Sibanye raises $500m via metals streaming deal with Franco-Nevada
Triple Flag to acquire royalty on Tres Quebradas lithium project
Volkswagen buys 9.9% of Patriot Battery Metals for $48 million
Aluminum price falls to one-month low in wider commodity slump
India’s record gold import said to be due to calculation error
Glencore in talks to sell Philippine copper smelting unit
