Oilpricesedgedupfrom2017lowsonFridaybutanongoingsupplyexcessputthemontrackfortheirfourthconsecutiveweekoflossesdespiteOPEC-ledproductioncutstosupportthecrudemar
Oil prices dropped to six-week lows on Thursday, under pressure from high global inventories and doubts about OPEC's ability to implement agreed production cuts.
Oilpricesdroppedtosix-weeklowsonThursday,underpressurefromhighglobalinventoriesanddoubtsaboutOPEC'sabilitytoimplementagreedproductioncuts.BrentcrudeoilLCOc1fell
OilpricesfellonWednesdayafterindustrydatashowedabuildinU.S.crudestocksandOPECreportedariseinitsproductiondespiteapledgetocutoutput.BrentcrudeoilLCOc1wasdown36ce
Oil prices finished sharply lower on Thursday reflecting disappointment with the decision by the Organization of the Petroleum Exporting Countries (OPEC) to extend production cuts by nine months from investors' side, who had hoped for further cuts.
OilpricesfinishedsharplyloweronThursdayreflectingdisappointmentwiththedecisionbytheOrganizationofthePetroleumExportingCountries(OPEC)toextendproductioncutsbynin
OPECandnon-memberoilproducersaregearinguptoextendoutputcutsonThursday,possiblybyaslongas12months,tohelpclearaglobalstocksoverhangandpropupcrudeprices.TheOrganiz
OPEC and non-OPEC ministers meet for informal consultations in Vienna on Wednesday in a last-ditch bid to agree the duration of oil output cuts as they seek to clear a global stocks overhang that has pulled down the price of crude.
OPECandnon-OPECministersmeetforinformalconsultationsinViennaonWednesdayinalast-ditchbidtoagreethedurationofoiloutputcutsastheyseektoclearaglobalstocksoverhangth
Organization of the Petroleum Exporting Countries (OPEC) heavyweights Saudi Arabia and Iraq agreed on Monday on the need to extend a global cut in oil supply by nine months in an effort to prop up crude prices, removing a potential stumbling block as producing countries prepare to meet this week.
OrganizationofthePetroleumExportingCountries(OPEC)heavyweightsSaudiArabiaandIraqagreedonMondayontheneedtoextendaglobalcutinoilsupplybyninemonthsinanefforttoprop
Oil prices slipped on Thursday as the market remained well supplied with crude despite efforts by OPEC and other big exporters to curb production and support prices.
OilpricesslippedonThursdayasthemarketremainedwellsuppliedwithcrudedespiteeffortsbyOPECandotherbigexporterstocurbproductionandsupportprices.Brentcrudewasdown17ce
Anagreementonoiloutputcutsreachedbymajoroil-producingcountriesislikelytobeextendedforanothersixmonthsorevenlonger,RussianEnergyMinisterAlexanderNovaksaidSaturda
OilpricestradedlargelyflatonFriday,supportedbyexpectationsofanextendedOPEC-ledproductioncutandfallingU.S.crudeinventoriesbutcappedbyconcernsoverglobaloversupply
Oil prices rose on Monday as Saudi Arabia's energy minister said an OPEC-led production cut scheduled to end in June would likely be extended to cover all of 2017, although a relentless increase in U.S. drilling capped gains.
Energy firms were among the main losers in Asian trade on Friday following a plunge in oil prices fuelled by fresh global glut concerns, with most equity markets heading for a negative end to the week
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