Oil and Commodities

26 May 05:40 PM Oil prices at $60 pb suitable for Russia - Putin
Russian President Vladimir Putin said on Friday that oil price of $60 per barrel suited Russia
25 May 01:08 PM Oil slides Friday on Russia’s hints soft output increase
Oil on early Friday dropped on Russia's possible gradual increase of its output after withholding crude production under the supply cut deal with OPEC.
24 May 06:07 PM US natural gas storage rise near expectations
Natural gas storage in the United States increased by 91 billion cubic feet last week
24 May 03:05 PM Firms in 75 states source 465TWH renewable energy in 2017
24 May 10:57 AM Oil slides Thursday on OPEC output boost expectations
Mubasher: Oil prices dropped on early Thursday, pressured by speculations that OPEC would boost crude production.
23 May 07:04 PM Oil prices down after rise in US oil stocks
Oil prices remained in a downwards trend after data showed a surge in crude oil inventories
23 May 10:44 AM Oil plunges Wednesday as OPEC mulls relaxing supply restraint
Mubasher: Oil prices inched down on Wednesday as the Organization of the Petroleum Exporting Countries (OPEC) is weighing up easing supply restraint.
23 May 12:29 AM Oil down on geopolitical risks
Oil prices went down on Tuesday, as global markets continue to anticipate the developments in Iran and Venezuela
23 May 12:12 AM OPEC could raise output by 2018
A decline in oil supply could lead to an unwanted surge in oil prices
22 May 06:53 PM BP to reduce upstream labor by 3%
BP has decided to lay off around 3% of its work force in exploration and production sector
22 May 11:19 AM Oil hovers near $80/pb on US measures against Venezuela, Iran
Mubasher: Oil prices edged up on Tuesday, driven by concerns about a potential drop in Venezuela’s output following a controversial presidential election.
21 May 11:12 AM Oil prices hike Monday on US-China trade war suspension
Mubasher: Oil price increased on Monday, helped by China and US’ agreement to put trade war on hold.
20 May 01:29 PM Oil prices to grow in 2018, 2019; QNB raises forecasts
Oil prices are forecast to increase in 2018 and 2019, following their recent gain towards $80 per barrel (pb) last week
19 May 02:22 AM Oil gains around 1% in week
Oil prices declined on Friday, but managed to end the week in gains, supported by geopolitical risks
18 May 11:00 AM Oil stabilises early Friday ahead of drill count data
Oil prices on early Friday remained at a firm level, driven by high demand, output cut agreement supported by OPEC and US sanctions against Iran
17 May 06:01 PM US natural gas stockpiles rise, beat forecasts
Natural gas storage increased in the week ended Friday, 11 May, exceeding analysts’ forecasts
17 May 10:57 AM Oil hits 3.5-yr high early Thursday on tight supply
Oil prices on Thursday maintained a firm level, moving towards a three-and-a-half-year high amid a tightening market and a stronger demand.
16 May 06:45 PM OECD March oil output falls; global glut ended - IEA
The International Energy Agency (IEA) has reported a three-year record fall in their commercial oil stocks, thus ending the global supply glut
16 May 11:03 AM Oil retreats Wednesday on API's US inventory data
Oil prices dropped on Wednesday, driven by the hike of US crude stocks, despite the persisting impact of output cut deal supported by OPEC.
15 May 07:17 PM Oil market may need Saudi, Russian to prevent $100/pb -Analyst
The global oil market may need Saudi Arabia and Russia to intervene and prevent a price uptick to $100/pb after sanctions are re-imposed on Iran
15 May 11:01 AM Oil stabilises Tuesday on OPEC cuts, looming Iran sanctions
Oil prices remained stable on Tuesday as extended output cut deal supported by OPEC and imminent US sanctions against Iran tightened the market.
14 May 11:18 AM Oil retreats Monday on higher US drilling, Iran sanctions opposition
Oil prices declined on Monday, losing last week’s multi-year gains on the back of rising drill count in the US. 
12 May 01:39 AM Oil prices rise for 2nd consecutive week  
Oil prices went down on Friday, after data showed another increase in the US oil rigs
11 May 10:53 PM Trump to change US biofuel policy
The United States government will propose changes to the country’s biofuel policy
11 May 12:31 AM Oil prices rise on geopolitical risks
Oil prices went up on Thursday, nearing its highest levels since 2014