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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 slide amid glut concerns, U.S. withdrawal from climate deal

02/06/2017(0)
Oil prices dropped on Friday amid worries that U.S. President Donald Trump’s decision to abandon a global climate pact could spark more crude drilling in the United States, stoking ... Read More
Oil-prices-petrol-pump

Oil falls as rising Libyan, U.S. output undermines cuts

31/05/2017(0)
Oil prices fell on Wednesday, as rising output from Libya added to concerns about increasing U.S. production that is undermining OPEC-led production cuts aimed at tightening the market. Brent ... Read More
Brent Crude Oil

Oil dips as ongoing glut outweighs strong start to summer driving

30/05/2017(0)
A run by U.S. oil prices toward $50 a barrel ran out of steam on Tuesday as persistent concerns of oversupply outweighed signs of a strong start to the ... 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 falls as U.S. drilling undermines drive to tighten markets

29/05/2017(0)
Oil prices fell on Monday as a relentless rise in U.S. drilling undermined an OPEC-led push to tighten supply. Trading activity will be subdued on Monday due to public ... Read More
Brent Crude Oil

Oil drops after OPEC-led output cut extension falls below expectations

26/05/2017(0)
Oil extended falls on Friday after tumbling in the previous session when OPEC and allied producers extended output cuts but disappointed investors betting on longer or larger supply curbs. ... Read More
oil markets

Yuan heads for weekly gain; Pound slides

26/05/2017(0)
Crude extends declines as OPEC meeting brings no surprises Japan, Australian equities drop; yuan heads for weekly gain A slump in crude weighed on energy shares as most Asian ... 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 climb on hopes output cuts will be extended

19/05/2017(0)
Oil futures rose on Friday to the highest in nearly a month on growing optimism that big producing countries will extend output cuts to curb a persistent glut in ... Read More
High-gas-prices

Oil prices dip as supply remains ample despite output cuts

18/05/2017(0)
Oil prices dipped on Thursday, weighed down by plentiful supply despite ongoing efforts led by OPEC to tighten the market by cutting production. Brent crude LCOc1 was down 18 ... Read More
Oil-prices-petrol-pump

Oil drops on rising U.S. crude inventories, defies expected supply cut extension

17/05/2017(0)
Oil prices fell on Wednesday after data showed an increase in U.S. crude inventories, stoking concerns that markets remain oversupplied despite efforts by top producers Saudi Arabia and Russia ... Read More
oil markets

Oil Jumps as Saudis, Russia Favor Extending Output Deal to 2018

16/05/2017(0)
Ministers agree pact should extend through the end of March OPEC deal is working and inventories decreasing: Al-Falih Oil rallied after Saudi Arabia and Russia stoked expectations that production ... Read More
Broker Cyprus TopFX