OIL

Oil prices rise 1% as mood on dollar sours

Oil prices rise 1% as mood on dollar sours

Published 01/09/2020

MELBOURNE/SINGAPORE (Reuters) - Oil prices gained on Tuesday, reversing overnight losses, as investors moved into risk assets and stayed away from the safe-haven U.S. dollar [more…]

United States Oil Fund faces possible SEC action: filing

United States Oil Fund faces possible SEC action: filing

Published 19/08/2020

(Reuters) - The U.S. Securities and Exchange Commission is considering enforcement action against United States Oil Fund LP, the largest crude oil exchange-traded fund, due [more…]

Factbox: Oil refiners shut plants as demand losses seen continuing

Factbox: Oil refiners shut plants as demand losses seen continuing

Published 17/08/2020

(Reuters) - Oil refiners are permanently closing processing plants in Asia and North America and facilities in Europe could be next as uncertain prospects for [more…]

Oil climbs on positive China data, rising demand

Oil climbs on positive China data, rising demand

Published 10/08/2020

LONDON (Reuters) - Oil rose on Monday, supported by an improvement in Chinese factory data and rising energy demand as countries eased coronavirus-related lockdowns, but [more…]

Oil steady as virus fears counter positive factory data

Oil steady as virus fears counter positive factory data

Published 03/08/2020

LONDON (Reuters) - Oil prices steadied on Monday, pressured by rising COVID-19 cases around the globe and by oversupply worries as OPEC and its allies [more…]

Russia is raising oil output as OPEC+ cuts ease: source

Russia is raising oil output as OPEC+ cuts ease: source

Published 03/08/2020

MOSCOW (Reuters) - Russian oil and gas condensate output increased to 9.8 million barrels per day (bpd) on Aug. 1-2 from 9.37 million bpd in [more…]

Oil up on weak dollar though U.S.-China tensions, virus weigh

Oil up on weak dollar though U.S.-China tensions, virus weigh

Published 27/07/2020

SINGAPORE/LONDON (Reuters) - Oil prices edged higher on Monday helped by a weak dollar and expected U.S. stimulus measures but gains were capped by rising [more…]

Oil falls as virus infections rise, eyes on EU recovery plan

Oil falls as virus infections rise, eyes on EU recovery plan

Published 20/07/2020

LONDON (Reuters) - Oil prices fell on Monday as coronavirus cases increased in many countries across the globe, but investors remained cautiously optimistic about ongoing [more…]

Oil dips on surge in COVID-19 infections

Oil dips on surge in COVID-19 infections

Published 13/07/2020

LONDON (Reuters) - Oil prices fell on Monday on a record daily rise in global coronavirus cases, with big spikes in infections over the weekend [more…]

UAE wants to see a return of Libya’s oil production with safeguards: minister

UAE wants to see a return of Libya’s oil production with safeguards: minister

Published 13/07/2020

DUBAI (Reuters) - The United Arab Emirates wants to see a return of Libya’s oil production as soon as possible but with safeguards in place [more…]