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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
File photo illustration of South Korean won, Chinese yuan and Japanese yen notes seen on U.S. 100 dollar notes

Asia Stocks Rally as Nikkei Tops 20,000; Yen Slips: Markets Wrap

02/06/2017(0)
Japan leads Asian equities after fresh record for S&P 500 All eyes now turn to monthly U.S. jobs report on Friday Asian stocks rallied, with the Nikkei 225 Stock ... 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
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
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
A man walks in front of the Novokuibyshevsk refinery near the city of Samara, October 28, 2010. REUTERS/Nikolay Korchekov/File Photo

Oil jumps after Saudis, Russia say supply cut to be extended to March 2018

15/05/2017(0)
Oil prices jumped over 1.5 percent on Monday after the energy ministers of the world’s two biggest producers Saudi Arabia and Russia jointly said that a crude production cut ... 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
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