Keyword: Oil

  • Oil suffers loss on dollar's advance
    Oil suffers loss on dollar's advance
    12/14

    Benchmark contracts for the delivery of crude slumped at ICE Futures Europe on Friday and traded near session lows even after an update showed the rig count in the United States came in down by four from one week before. A selloff hit th...

  • Oil trades in the red amid profit-taking
    Oil trades in the red amid profit-taking
    12/14

    Crude prices traded in the red on Friday amid profit-taking sparked by worse-than-expected economic reports from China. The second-largest global economy remains the biggest consumer of oil and therefore, its reported economic slowdown h...

  • Crude prices rise amid signs of undersupply
    Crude prices rise amid signs of undersupply
    12/13

    Prices of oil futures surged on Thursday, reacting to signs of lower supply coming sooner than previously thought. The International Energy Agency (IEA) stated earlier in the day ...

  • Oil trades lower after IEA report, Brent below $60 pb
    Oil trades lower after IEA report, Brent below $60 pb
    12/13

    Crude prices traded in the red on Thursday as investors digested the newest International Energy Agency (IEA) report for December. According to the agency, the United States influ...

  • IEA: Global oil market to move to deficit by Q2 2019
    IEA: Global oil market to move to deficit by Q2 2019
    12/13

    International Energy Agency (IEA) stated on Thursday that it expects the global oil market to move into deficit in the second quarter of 2019 if the Organization of the Petroleum Exporting Countries (OPEC) and other major oil producers c...

  • EIA: US crude oil inventories down by 1.2M barrels
    EIA: US crude oil inventories down by 1.2M barrels
    12/12

    United States crude oil inventories declined by 1.2 million barrels to 442 million barrels for the week ending December 7, the US Energy Information Administration (EIA) said on Wednesday.

    Crude oil refinery inputs averaged 17.4 ...

  • OPEC: Saudis make up for drop in Iran's oil output
    OPEC: Saudis make up for drop in Iran's oil output
    12/12

    The Organization of the Petroleum Exporting Countries produced 32.97 million barrels of crude per day on average last month or just 11,000 less than in October. Its monthly report, published on Wednesday, showed Saudi Arabia increased vo...

  • Crude up 2%, extends gains on trading optimism
    Crude up 2%, extends gains on trading optimism
    12/12

    Oil prices traded in the green on Wednesday, extending gains from earlier in the session and added around 2% as investors grew more optimistic amid reignited hopes that the United States and China might reach a trade deal during the ongo...

  • Oil in the green on trade talk hopes, OPEC cuts
    Oil in the green on trade talk hopes, OPEC cuts
    12/12

    Oil prices traded in the green on Wednesday, rising 1% as investors became more hopeful the trade talks between the United States and China will end in a deal. Meanwhile, investment incentives were also heightened by the OPEC+ production...

  • Oil trades lower, Brent below $60 per barrel
    Oil trades lower, Brent below $60 per barrel
    12/11

    Crude prices traded in the red on Tuesday, remaining in the negative territory after declining over 3% during the previous session due to the weakened investment incentives in the global stock markets. Market watchers continued to worry ...

  • Novak: Russia to cut oil output by 50-60K bpd in January
    Novak: Russia to cut oil output by 50-60K bpd in January
    12/11

    Russian Energy Minister Alexander Novak stated on Tuesday that his country will cut its oil production by 50,000 to 60,000 barrels per day in January in order to follow the schedule of output caps prearranged at the OPEC+ meeting last we...

  • WTI drops over 3%, Brent slips below $60
    WTI drops over 3%, Brent slips below $60
    12/10

    Oil futures traded with sharp losses on Monday, surrendering gains from Friday in the aftermath of the output cut deal agreed among the members of the Organization of Petroleum Ex...

  • Oil drops more than 1% on weak 2019 outlook
    Oil drops more than 1% on weak 2019 outlook
    12/10

    Crude prices traded in the red on Monday, down over 1% as investors remained increasingly worried about the predicted economic growth slowdown in 2019 despite reported Chinese record oil consumption. Meanwhile, market watchers were also ...

  • US oil rig count falls by 10 to 877 - Baker Hughes
    US oil rig count falls by 10 to 877 - Baker Hughes
    12/7

    The number of oil rigs in the United States decreased by 10 to 877 in the week ending December 7 compared to the previous week, according to the Baker Hughes weekly rig count released on Friday.

    The number of gas rigs in the US r...

  • Novak: Cuts to be gradual, will take several months
    Novak: Cuts to be gradual, will take several months
    12/7

    Russian Energy Minister Alexander Novak said on Friday his country would cut some 228,000 barrels per day under the new output cuts agreed with the Organization of Petroleum Exporting Countries (OPEC) and allied producers earlier in Vien...

  • Oil jumps over 4% as OPEC+ reaches deal
    Oil jumps over 4% as OPEC+ reaches deal
    12/7

    Crude prices traded sharply higher on Friday as investors digested the news that the OPEC+ has reached a deal on the global oil output cuts earlier today. The cartel and non-OPEC ...

  • OPEC+ agrees to 1.2M bpd output cut
    OPEC+ agrees to 1.2M bpd output cut
    12/7

    Organization of Petroleum Exporting Countries (OPEC) has agreed on Friday with non-OPEC producers led by Russia to curb oil production by 1.2 million barrels per day, in six months starting from January, with the output in October as a r...

  • Iran denies it agreed to OPEC output cut deal
    Iran denies it agreed to OPEC output cut deal
    12/7

    Oil prices jumped over 1.5% after a couple of unnamed sources from the Organization of Petroleum Exporting Countries (OPEC) told media on Friday that Iran has agreed in principle to the cartel's output cut deal. However, Iran's O...

  • Iran refuses to endorse OPEC output cut plan
    Iran refuses to endorse OPEC output cut plan
    12/7

    Iran's Petroleum Ministry stated on Friday it will "not endorse" the Organization of Petroleum Exporting Countries' (OPEC) plan to reduce production in an effort to stabilize the market.

    "Informed sources i...

  • Oil prices dip as OPEC awaits Russia to join cut
    Oil prices dip as OPEC awaits Russia to join cut
    12/7

    Prices of crude futures were falling on Friday as the Organization of Petroleum Exporting Countries (OPEC) convenes to reach an agreement on a production cut with non-OPEC countries. A report...