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NEWS |
Brent oil moves towards $73 on Middle East tensions
Oil prices rose on Thursday for a third day running as fears of supply disruption amid heightened tensions in the Middle East overshadowed swelling U.S. crude inventories.
NEWS |
STEO: Brent To Average $70 This Year
The Energy Information Administration expects Brent crude prices this year to average US$70 a barrel, falling to US$67 a barrel in 2020, the authority said in the latest edition of its Short-Term Ener (...)
NEWS |
Brent Hits $75 For First Time In 2019 As Russian Exports Cut
Brent oil rose above $75 per barrel on April 25 for the first time this year as quality concerns forced the suspension of some Russian crude exports to Europe while the United States prepared to tight (...)
NEWS |
Oil prices inch up on signs of tighter global supply
Oil futures edged up on Thursday as a drop in crude exports from OPEC’s de facto leader, Saudi Arabia, and a draw in U.S. drilling rigs and oil inventories supported prices.
NEWS |
Brent nears $72 amid tightening supplies; surprise draw in US crude stocks
Oil prices rose on Wednesday, supported by concerns over tightening global supply due to US sanctions and fighting in Libya, as well as an unexpected fall in US crude inventories.
NEWS |
Robots Take Over Oil Trade And OPEC Is Scared To Death
Artificial intelligence has been making inroads into the oil and gas industry for a while now after the industry realized all the benefits it could reap from the deployment of these technologies. Now, (...)
NEWS |
Oil prices rise after OPEC cuts, US sanctions on Iran, Venezuela
Oil prices rose yesterday thanks to the cuts led by the Organisation of the Petroleum Exporting Countries (OPEC), as well as US sanctions imposed on Iran and Venezuela.
NEWS |
Oil prices trade near 5-month high
Oil prices gained on Tuesday in Asia and traded near a 5-month high, supported by concerns on Libya supply disruptions.
NEWS |
Brent nears $70 as OPEC tightens supply
Oil rose to almost $70 a barrel in London, a level last breached in November, as global crude supplies tightened while hopes for an end to the U.S.-China trade impasse lifted financial markets.
NEWS |
Oil scales 2019 highs on firm China data, Iran sanctions threat
Oil prices rose to fresh 2019 highs on Tuesday, supported by firm Chinese economic data that eased demand concerns, the possibility of more sanctions on Iran and further Venezuelan supply disruptions.
NEWS |
Oil prices fall as Trump calls on Opec to up production
Donald Trump has called on the Organization of Oil Exporting Countries to up its output, triggering a slide in oil futures.
NEWS |
Regional Focus - The Absence of the Kingdom
Some of the biggest names in the energy industry gathered in Houston in mid-March for the annual CERAWeek conference. Speeches by BP CEO Bob Dudley and Occidental CEO Vicki Hollub garnered headlines, (...)
NEWS |
Oil price rising as glut evaporating
Crude oil prices are on the rise. Last week WTI topped $60 a barrel for the first time since Nov 9, 2018 and Brent hit a four-month high at $68.69 on Thursday.
NEWS |
Oil Slips After Biggest Loss in Three Weeks Amid Economy Fears
Oil slipped in New York after its biggest loss in three weeks as concerns lingered that a slowdown in global economic growth will erode fuel consumption.
NEWS |
What can we expect from the oil industry in 2019?
The Oil and Gas Industry could be likened to a roller coaster over the last 5 years. As an industry, we reached record peaks in 2014 with oil trading at an average of $96 before the ‘big dip’ to below (...)
NEWS |
WTI, Brent crudes settle higher
Crude oil prices rose Wednesday, with U.S. crude topping $60 a barrel for the first time in roughly four months, after government data showed American crude oil inventories plunged.
NEWS |
Oil pulled two ways by economic slowdown, OPEC-led supply cuts
Oil prices were mixed on Monday, weighed by concerns that an economic downturn may dent fuel consumption, but supported by supply cuts led by producer group OPEC and U.S. sanctions against Iran and Ve (...)
NEWS |
Oil edges above $67 as OPEC-led supply cuts support
Oil edged further above $67 a barrel on Monday, supported by the prospect of prolonged OPEC-led oil supply curbs though concern that an economic downturn may dent fuel consumption curbed gains.
NEWS |
Reuters: Oil edges up on OPEC's supply cuts, but U.S. surge caps gains
Oil prices rose on Tuesday, lifted by healthy demand and output cuts led by producer group OPEC, although the gains were capped by the ongoing surge in U.S. supply while analysts warned of risks to th (...)
NEWS |
Exclusive - Saudi's Falih says no OPEC+ output policy change until June
Saudi oil minister Khalid al-Falih said on Sunday it would be too early to change OPEC+ output policy at the group’s meeting in April and that China and the U.S. would lead healthy global demand for o (...)
NEWS |
Oil rises on ongoing OPEC-led supply cuts, fall in U.S. rig count
Oil prices rose on Monday, lifted by comments from Saudi oil minister Khalid al-Falih that an end to OPEC-led supply cuts was unlikely before June and a report showing a fall U.S. drilling activity.
NEWS |
Oil falls 2 percent as demand worries overtake supply cuts
Oil prices settled down about 2 percent on Friday, ending around 3 percent lower on the week as concerns over global demand growth after weak U.S. manufacturing data overshadowed OPEC-led supply cuts (...)
NEWS |
Trump urges OPEC to 'take it easy'
President Trump on Monday urged the Organization of Petroleum Exporting Countries (OPEC) to "relax and take it easy," warning the international organization against rising oil prices.
NEWS |
U.S. Shale Play is Gaining Steam - By Loren Steffy
During the past month, big U.S. oil companies have been making big bets on shale production — and not just in the white-hot Permian Basin. Although commodity prices have remained modest, drillers cont (...)
NEWS |
Iraq’s Kurdish Regional Government suspends oil exports to Iran
The Kurdish Regional Government (KRG) in northern Iraq has suspended oil exports to neighboring Iran.
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