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Brent crude futures

Oil barel fill

Oil prices rise in anticipation of extended OPEC-led output cut

25/05/2017(0)
Oil prices rose ahead of an OPEC meeting on Thursday that is expected to extend output cuts into 2018, adding at least nine months to an initial six-month curb ... Read More
Oil Prices, A worker checks the valve of an oil pipe at Lukoil company owned Imilorskoye oil field outside the Siberian city of Kogalym

Oil prices stable as market expects extended production cut

24/05/2017(0)
Oil prices were stable on Wednesday, supported by confidence that an OPEC-led output cut aimed at tightening supply would be extended to all of 2017 and the first quarter ... Read More
A pumpjack drills for oil in the Monterey Shale

Oil prices fall as White House proposes U.S. oil reserve sales

23/05/2017(0)
Oil prices fell on Tuesday after U.S. President Donald Trump proposed the sale of half the country’s strategic oil reserves, even as producer club OPEC and its allies cut ... Read More
A pumpjack drills for oil in the Monterey Shale

Oil gives up earlier gains as rising US output, China concerns weigh

09/05/2017(0)
Oil prices gave up earlier gains on Tuesday, as concerns over slowing demand and a relentless rise in U.S. crude output undermined the impact of hopes that OPEC-led production ... Read More
A pump jack used to help lift crude oil from a well in South Texas’ Eagle Ford Shale formation stands idle in Dewitt County Texas

Oil prices rise on expectation of output cut extension

08/05/2017(0)
Oil prices rose on Monday as Saudi Arabia’s energy minister said an OPEC-led production cut scheduled to end in June would likely be extended to cover all of 2017, ... Read More
Oil-prices-petrol-pump

Oil prices fall on lingering oversupply concerns

27/04/2017(0)
Oil prices dipped on Thursday, weighed down by a general sentiment of globally bloated markets, though traders said that prices seemed to have found support around current levels. U.S. ... Read More
oil markets

Oil hits five-week top on geopolitical tensions, strong demand

11/04/2017(0)
Crude oil climbed to a five-week high on Tuesday, with prices underpinned by tensions following a U.S. missile strike on Syria and a shutdown at Libya’s largest oilfield. Additional ... Read More
Crude oil storage tanks are seen from above at the Cushing oil hub in Cushing

Oil edges up as Saudis cut supplies to U.S., but global glut remains

24/03/2017(0)
Oil prices edged up on Friday, supported by a fall in Saudi exports to the United States, but overall markets remained under pressure on the back of a world ... Read More
Oil Prices, A worker checks the valve of an oil pipe at Lukoil company owned Imilorskoye oil field outside the Siberian city of Kogalym

Oil prices fall on bloated U.S. crude storage

22/03/2017(0)
Oil prices dipped on Wednesday as rising crude stocks in the United States underscored an ongoing global fuel supply overhang despite an OPEC-led effort to cut output. Prices for ... Read More
A pumpjack drills for oil in the Monterey Shale

Oil rises after drop in U.S. gasoline stocks, but market remains bloated

09/02/2017(0)
Oil prices rose on Thursday, boosted by an unexpected draw in U.S. gasoline inventories, although bloated crude supplies meant that fuel markets remain under pressure. Brent crude futures LCOc1, ... Read More
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