CrudeoilfuturessteadiedonMonday,supportedbyareboundinstockmarketsandescalatingSaudi-Irantensions.Globalstockscameoffsix-weeklowsonoptimismthattheUnitedStatesand
VenezuelanPresidentNicolasMaduropromisedonSaturdaytorecover70percentofthecountry’slostoilproductioninthefirsthalfof2018.“Icantellyou,theunprecedentedinjusticesl
OilpriceseasedonTuesdayafteraweekofgainsastheprospectofincreasingU.S.exportsdampenedbullishsentimentthathasdrivenBrenttomorethantwo-yearhighsabove$60perbarrel.I
Global oil demand will grow more quickly than expected this year, helping to ease a glut despite rising crude production from North America and weak OPEC compliance with output cuts, the International Energy Agency said on Friday.
Globaloildemandwillgrowmorequicklythanexpectedthisyear,helpingtoeaseaglutdespiterisingcrudeproductionfromNorthAmericaandweakOPECcompliancewithoutputcuts,theInte
OilpricesheldsteadyonThursdayfollowingsolidgainsthepreviousdaywhenfallingU.S.fuelinventoriesliftedthemarket.However,Brentcrudeoilpricesremainbelowthekey$50perba
SaudiArabiawillcutcrudeoilshipmentstoitscustomersinAugustbymorethan600,000barrelsperdaytobalancetheriseindomesticconsumptionduringthesummer,whilestayingwithinit
OildippedonThursdayonpersistentworriesaboutoversupply,butstrongChineseimportsandsignsthatU.S.storagetanksaregraduallybeingdrainedofferedsomesupporttoprices.Bren
Oil prices steadied just above seven-month lows on Tuesday after news of increases in supply, a trend which has undermined attempts by OPEC and other producers to support the market through reduced output.
Oilpricessteadiedjustaboveseven-monthlowsonTuesdayafternewsofincreasesinsupply,atrendwhichhasunderminedattemptsbyOPECandotherproducerstosupportthemarketthroughr
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
The OPEC on Wednesday decided to cut its oil output by 1.2 million barrels per day, setting the ceiling of oil production at 32.5 million barrels per day (bpd).
Brent crude oil prices steadied above $50 a barrel on Monday, supported by a planned production cut by exporter club OPEC, but still under pressure from an overhang in supply that currently exceeds consumption.
It was a moment U.S. shale oil producers have been waiting on for more than two years: OPEC nations finally agreed to cut production on Wednesday in a move that lifted low prices ravaging their budgets.