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OPEC

Saudi Arabia wants to boost crude oil prices and get rid of a supply glut

Oil rises on potential Saudi Arabian output cut extension

12/04/2017(0)
Oil prices rose on Wednesday, putting crude futures on track for their longest streak of gains since August 2016, as Saudi Arabia was reported to be lobbying OPEC and ... 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
A maze of crude oil pipes and valves is pictured during a tour by the Department of Energy at the Strategic Petroleum Reserve in Freeport

Oil prices firm on strong demand, political uncertainty in Syria

10/04/2017(0)
Oil prices were firm on Monday, supported by strong demand and political uncertainty in Syria, although another rise in U.S. drilling activity kept a lid on gains. Brent crude ... Read More
China-Oil-Prices_Hays

Oil prices fall on record U.S. crude stocks, rising production

06/04/2017(0)
Oil prices fell on Thursday as record U.S. crude inventories underscored that crude markets remain bloated, despite efforts led by OPEC to cut output and prop up prices. Brent ... Read More
Oil barel fill

Oil rises to near one-month high on gradual tightening of supplies

05/04/2017(0)
Oil climbed to a near one-month high on Wednesday on signs of a gradual tightening in global oil inventories and on concerns about a supply outage at a field ... Read More
A worker checks the valves at Al-Sheiba oil refinery in Basra

Oil edges up on weaker dollar; Libya output return weighs

04/04/2017(0)
Oil prices rose slightly on Tuesday due to a weaker dollar, though a rebound in Libyan production put pressure on the market and rising U.S. drilling signaled the potential ... Read More
Oil-prices-petrol-pump

These factors will affect the oil price in the future

03/04/2017(0)
When oil price bottomed around $27 per barrel last year in February, many predicted a major reversal and the dark days for producers to be over. Yet, more than ... Read More
China-Oil-Prices_Hays

Oil prices fall as U.S. rig count stokes oversupply worries

03/04/2017(0)
Oil futures dipped on Monday as a higher U.S. rig count indicated rising shale output and stoked worries about global oversupply, while a stronger dollar also pressured prices. International ... Read More
Oil-prices-petrol-pump

Oil dips after three-day rally, but support seen above $50 per barrel

31/03/2017(0)
Oil prices eased on Friday as traders took profits following three days of straight gains on the expectation that an OPEC-led crude supply cut that was initially supposed to ... Read More
High-gas-prices

Oil edges up on Libya disruptions, but bloated U.S. market still weighs

30/03/2017(0)
Oil prices edged up on Thursday, extending two days of increases as supply disruptions in Libya lifted the market, although bloated U.S. crude inventories curbed gains. Prices for front-month ... Read More
Broker Cyprus TopFX