North Sea Crudes

Oil hovers below $70 highs, clouded by rise in U.S. output

Oil hovers below $70 highs, clouded by rise in U.S. output

Published 15/01/2018

Oil hovered below a three-year high near $70 a barrel on Monday on signs that production cuts by OPEC and Russia are tightening supplies, but analysts warned of "red flags" due to surging U.S. production. [more…]

Oil retreats from $70 highs but set for fourth week of gains

Oil retreats from $70 highs but set for fourth week of gains

Published 12/01/2018

FILE PHOTO: An offshore oil platform is seen in Huntington Beach, California, U.S. September 28, 2014. REUTERS/Lucy Nicholson/File PhotoLONDON (Reuters) - Oil prices fell on [more…]

Oil prices hit highest since 2014, but analysts warn of overheated mar

Oil prices hit highest since 2014, but analysts warn of overheated mar

Published 10/01/2018

A gas station attendant pumps fuel into a customer's car at PetroChina's petrol station in Beijing, China, March 21, 2016. REUTERS/Kim Kyung-HoonSINGAPORE (Reuters) - Oil [more…]

Oil dips from highs, but OPEC’s cuts still support market

Oil dips from highs, but OPEC’s cuts still support market

Published 22/12/2017

FILE PHOTO: A pump jack operates at a well site leased by Devon Energy Production Company near Guthrie, Oklahoma, U.S., September 15, 2015. REUTERS/Nick Oxford/File [more…]

Oil prices edge up on North Sea pipeline outage, falling stocks

Oil prices edge up on North Sea pipeline outage, falling stocks

Published 15/12/2017

FILE PHOTO - A pumpjack brings oil to the surface in the Monterey Shale, California, U.S. April 29, 2013. REUTERS/Lucy Nicholson/File PhotoSINGAPORE/LONDON (Reuters) - Oil [more…]

Oil stable as strong Chinese demand counters rising dollar

Oil stable as strong Chinese demand counters rising dollar

Published 08/12/2017

FILE PHOTO - A pump jack is seen at sunrise near Bakersfield, California October 14, 2014. REUTERS/Lucy NicholsonSINGAPORE (Reuters) - Oil prices were stable on [more…]

U.S. oil dips on increased drilling, but OPEC cuts support global markets

U.S. oil dips on increased drilling, but OPEC cuts support global markets

Published 27/11/2017

FILE PHOTO: Equipment used to process carbon dioxide, crude oil and water is seen at an Occidental Petroleum Corp enhanced oil recovery project in Hobbs, [more…]

Oil markets tepid ahead of Nov. 30 OPEC meeting

Oil markets tepid ahead of Nov. 30 OPEC meeting

Published 20/11/2017

Men work for Iraqi Drilling Company at Rumaila oilfield in Basra, Iraq, May 11, 2017. REUTERS/Essam Al-SudaniSINGAPORE (Reuters) - Oil markets were tepid on Monday [more…]

Oil markets cautious as rising U.S. output undermines OPEC supply cuts

Oil markets cautious as rising U.S. output undermines OPEC supply cuts

Published 14/11/2017

Oil prices fell on Tuesday as the prospect of further rises in U.S. output undermined ongoing OPEC-led production cuts aimed at tightening the market. [more…]

Oil hits highest levels since 2015 amid tightening markets, Saudi purge

Oil hits highest levels since 2015 amid tightening markets, Saudi purge

Published 06/11/2017

Oil prices hit their highest levels since July 2015 early on Monday as markets tightened, while Saudi Arabia's crown prince cemented his power over the weekend through an anti-corruption crackdown that included high profile arrests. [more…]