OIL

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…]

Oil prices fall after U.S. drillers add rigs

Oil prices fall after U.S. drillers add rigs

Published 04/12/2017

A driver looks at the price as he fills the tank of his car at a gas station in Shanghai, China November 17, 2017. REUTERS/Aly [more…]

Venezuela Maduro gains control over oil contracts amid purge

Venezuela Maduro gains control over oil contracts amid purge

Published 04/12/2017

Venezuela's President Nicolas Maduro speaks during an event with supporters in Caracas, Venezuela December 1, 2017. Miraflores Palace/Handout via REUTERSCARACAS (Reuters) - Venezuela’s President Nicolas [more…]

Oil prices rise after OPEC extends output curbs

Oil prices rise after OPEC extends output curbs

Published 01/12/2017

A oil pump is seen at sunset outside Scheibenhard, near Strasbourg, France, October 6, 2017 . REUTERS/Christian HartmannLONDON (Reuters) - Oil prices rose on Friday, [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…]

U.S. oil exports boom, putting infrastructure to the test

U.S. oil exports boom, putting infrastructure to the test

Published 30/10/2017

Tankers carrying record levels of crude are leaving in droves from Texas and Louisiana ports, and more growth in the fledgling U.S. oil export market may before long test the limits of infrastructure like pipelines, dock space and ship traffic. [more…]

Oil markets stable on expected extension of output cuts

Oil markets stable on expected extension of output cuts

Published 30/10/2017

Oil markets were stable on Monday, with Brent remaining above $60 per barrel supported by expectations that an OPEC-led production cut due to expire next March would be extended. [more…]