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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 rises on Libyan supply disruptions, likely OPEC output cut extension

29/03/2017(0)
Oil prices on Wednesday extended gains from the previous session, lifted by supply disruptions in Libya and expectations that an OPEC-led output reduction will be extended into the second ... Read More
oil markets

Oil futures supported by weaker dollar, but bloated supply still weighs

28/03/2017(0)
Oil prices rose on Tuesday, supported by a weak dollar, but crude continued to be weighed down by surging U.S. production and uncertainty over whether an OPEC-led supply cut ... Read More
Oil barel fill

Oil dips as rising US drilling offsets talk of an OPEC-led cut extension

27/03/2017(0)
Oil prices fell on Monday as rising U.S. drilling activity outweighed talks that an OPEC-led production cut initially due to end in mid-2017 may be extended. Benchmark Brent crude ... 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-petrol-pump

Oil prices recovered on Thursday

23/03/2017(0)
Oil prices recovered on Thursday from losses chalked up the session before, but the market remained under pressure as bloated U.S. crude inventories and rising output dampen OPEC-led efforts ... 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
oil markets

Oil drops as U.S. drilling growth

21/03/2017(0)
U.S. shale producers boost rig count for ninth straight week Libya’s Es Sider, Ras Lanuf oil ports poised to resume shiping Oil fell as a Libyan port is set ... 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 drop on rise in U.S. drilling

20/03/2017(0)
Oil prices fell on Monday as rising U.S. drilling activity and steady supplies from OPEC countries despite touted production cuts pressured already-bloated markets. Prices for benchmark Brent crude futures ... Read More
A pumpjack drills for oil in the Monterey Shale

Oil prices mark time, set for small weekly rise

17/03/2017(0)
Oil prices were little changed in early Asian trade on Friday as the market looked for clues on how effectively OPEC production cuts are working to absorb a global ... 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 extend gains after drop in U.S. stockpiles

16/03/2017(0)
Crude oil prices rose on Thursday to extend gains from the previous session after official government data showed U.S. stockpiles had eased from record highs. Prices surged on Wednesday ... Read More
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