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OPEC

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 jump after data shows surprise U.S. stock draw

15/03/2017(0)
Oil prices rebounded from three-month lows on Wednesday after industry data showed a surprise drawdown in U.S. crude stockpiles and as Goldman Sachs put a positive spin on OPEC‘s ... Read More
Oil-prices-petrol-pump

Oil prices hit 3-month low as U.S. rig count climbs

13/03/2017(0)
Oil prices dropped to their lowest in three months on Monday despite OPEC efforts to curb crude output, dragged down as U.S. drillers kept adding rigs. Brent crude LCOc1 ... Read More
Oil barel fill

Oil moves cautiously higher, remains under $50-a-barrel

10/03/2017(0)
Oil prices looked set to stabilize on Friday, but remained below a key support level as investors remained wary over rising U.S. crude oil inventories. On the New York ... Read More
People are seen behind an electronic board showing stock prices after the New Year opening ceremony at the Tokyo Stock Exchange (TSE), held to wish for the success of Japan's stock market, in Tokyo, Japan, January 4, 2017. REUTERS/Kim Kyung-Hoon

Asia stocks firm ahead of U.S. jobs, dollar hits one-and-half-month high vs yen

10/03/2017(0)
Asian stocks edged up and the dollar rose to 1-1/2-month highs versus the yen on Friday, ahead of the closely-watched U.S. non-farm payrolls report due later in the day. ... Read More
A worker checks the valves at Al-Sheiba oil refinery in Basra

Oil prices claw back some ground after plunging to year lows

09/03/2017(0)
Oil prices attempted a slight rebound Thursday on the heels of plunging to their lowest levels in a year after weekly data which showed a higher-than-expected build-up in U.S. ... Read More
A pumpjack drills for oil in the Monterey Shale

Oil futures fell in Asian trade on Wednesday

08/03/2017(0)
Oil futures fell in Asian trade on Wednesday after industry data pointed to a potential ninth straight week of inventory builds, renewing concerns about an oversupply of oil despite ... 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 hold steady for third day; eyes on economic data

07/03/2017(0)
Oil prices were little changed for a third session on Tuesday, with investors searching for direction as concern over rising U.S. shale output offsets production cuts by OPEC and ... Read More
High-gas-prices

Oil prices under pressure after historical high for U.S. crude stocks

02/03/2017(0)
Oil prices fell further Thursday, depressed by the latest pick up in U.S. crude stockpiles and production. On the New York Mercantile Exchange, light, sweet crude futures for delivery ... Read More
Saudi Arabia wants to boost crude oil prices and get rid of a supply glut

Saudi Arabia wants oil prices to rise to $60 in 2017

01/03/2017(0)
Saudi Arabia wants crude oil prices to rise to around $60 a barrel this year, five sources from OPEC countries and the oil industry said. This is the level ... Read More
Crude oil drips from a valve at an oil well operated by Venezuela's state oil company PDVSA, in the oil rich Orinoco belt, near Morichal at the state of Monagas

U.S. oil ticks up for 2nd day on record OPEC output cut compliance

28/02/2017(0)
U.S. crude oil edged higher for a second day on Tuesday, underpinned by high compliance with OPEC’s production cuts even as the market remains anchored by rising U.S. production. ... Read More
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