Oil and Commodities

2 hours ago US natural gas storage declines as prices surge
The US natural gas inventories fell by 81 billion cubic feet in the week ended 11 January, to a total of 2,533 Bcf.
4 hours ago OPEC oil output drops in December before supply cuts
Oil production from the Organization of Petroleum Exporting Countries declined in December 2018, before the producer club officially began a new round of output cuts.
11:50 AM Oil drops on record US crude output, weak demand fears
Oil prices fell on Thursday as US crude output rapidly approached an unprecedented 12 million barrels per day, amid concerns about weakening demand.
16 January 11:29 PM Oil goes up at Wednesday's settlement
Mubasher: Oil futures settled higher on Wednesday due to the decline in the US inventories.
16 January 06:34 PM US crude inventories drop as oil prices rise
US crude oil stockpiles fell by 2.7 million to 437.1 million barrels in the week ended 11 January.
16 January 01:16 PM Saudi Arabia to begin 1st clean energy project within month
Saudi Arabia on Wednesday has revealed plans to start the construction of its first renewable energy projects after a month
16 January 12:01 PM Oil stable Wednesday as OPEC-led curbs fan tighter market hopes
Oil steadied on Wednesday as hopes that supply cuts could tighten market fundamentals wiped out signs of a slowdown in global economy.
16 January 11:47 AM Saudi Arabia to nationalise clean energy techniques – Minister
Saudi Arabia energy ministry is teaming up with the state-owned Public Investment Fund (PIF) to Saudise renewable energy techniques
15 January 02:05 PM Indian consortium wins EPCI contract from Saudi Aramco
15 January 11:43 AM Oil climbs on supply curbs despite China’s economic contraction
Mubasher: Oil prices jumped on Tuesday amid supply curbs led by the Organization of Petroleum Exporting Countries and Russia.
14 January 12:29 PM Crude oil prices to exceed $60 pb in 2019–minister
Crude oil prices are likely to average over $60 per barrel (pb) in 2019
14 January 11:03 AM Oil drops on China trade plunge despite high crude imports
Oil dropped by more than 1% on Monday after Chinese data revealed a slump in imports and exports in the world&'s second biggest crude consumer.
13 January 02:20 PM MENA boasts half the world’s natural gas reserves
The MENA region has half the world’s reserves of natural gas
13 January 01:28 PM Saudi’s Al Falih says global oil market on track
Saudi Arabia’s minister of energy, industry, and mineral resources on Sunday said that the global oil market was on track.
13 January 12:48 PM Saudi Aramco nods to issue $10bn bonds – Minister
The Saudi Arabian Oil Co, known internationally as Saudi Aramco, on Sunday has said that it will issue dollar-denominated bonds worth up $10 billion
13 January 12:34 PM Crude market ‘ripe’ for price corrections; 2019 ‘good year’ –Al-Mazrouei
The oil market will be “ripe” for price corrections towards the end of the month, UAE energy minister Suhail Al Mazrouei has said.
13 January 11:41 AM Saudi to build $10bn oil refinery in Pakistan
Saudi Arabia is looking to build a $10 billion oil refinery in Pakistan’s deepwater port of Gwadar, the Saudi energy minister said.
11 January 11:08 PM Oil falls on Friday; levels up 7.6% in week   
Mubasher: Oil futures settled lower on Friday, breaking nine successive positive sessions, rising for the week.
11 January 11:35 AM Oil heads for weekly gains on trade talk optimism
Oil were on course for strong weekly gains as financial markets rallied on hopes that the US and China could soon end their trade disputes.
10 January 11:24 PM Oil remains high for 9 sessions in row
Mubasher: Oil futures ended Thursday’s session in green, recording its ninth successive growth, which is considered oil’s longest gaining streak in around nine years.
10 January 07:06 PM US natural gas storage drops as prices rise
US natural gas inventories dropped by 91 billion cubic feet in the week ended 4 January, totalling 2,614 Bcf.
10 January 05:34 PM Masdar consortium wins $500m wind project in Saudi Arabia
The wind farm will generate power for up to 70,000 Saudi households
10 January 11:04 AM Oil drops on surging US output, worries over US-Sino talks
Oil dropped on surging US output, as markets reacted cautiously to the talks between the US and China which wrapped up without concrete details.
9 January 11:11 PM Saudi oil reserve hits 268.5bn barrels in 2018
Riyadh – Mubasher: Saudi Arabian oil and gas reserves went up during 2018, according to the Saudi Press Agency (SPA).
9 January 11:04 PM Oil reaches highest level in month  
Mubasher: Oil futures settled higher on Wednesday, recording its eighth successive growth and highest level since mid-December.