Oil and Commodities

12:23 AM Jadwa forecasts oil to average $68 pb in 2018
In May Brent crude reached its highest level near $80 per barrel
21 July 05:37 PM Khamenei backs Rouhani's threats
Rouhani previously said that if Iran’s oil is not exported, no regional country’s oil will be exported
21 July 02:16 AM Oil down for 3rd straight week
Oil rigs in the United States registered its biggest weekly decline since March
20 July 11:01 AM Oil rises, heads for weekly drop on surplus, demand concerns
Oil prices edged up on early Friday, but they were heading expectedly towards a weekly loss on worries about oversupply and waning demand.
20 July 01:56 AM Brent down 0.4%, Nymex rises for 3rd day in row
Nymex futures rose by 1.02% to settle at the level of $69.46 per barrel
19 July 06:55 PM Global oil market seen erratic over coming months - analysts
Changes in the oil market would probably grow unpredictable in the coming months, analysts said.
19 July 05:37 PM US natural gas supplies rise; prices fall
The EIA reported that the country’s natural gas storage rose by 46 billion cubic feet (Bcf) the week ended 13 July, totalling 2,249 Bcf.
19 July 11:01 AM Oil slips on unexpected US inventory build-up, record output
Mubasher: Oil prices fell on Thursday on a report of an unexpected increase in the US crude stockpiles.
19 July 02:03 AM Oil prices recover from earlier declines
US crude oil inventories rose by 5.8 million barrels last week
19 July 01:58 AM US oil production reach all-time high at 11m bpd
Average American production is currently close to the 11.1 million barrels per day produced by Russia
18 July 05:40 PM US crude stockpiles climb beyond forecasts; oil extends further fall
US crude oil inventories rose by 5.8 million barrels to 411.2 million barrels in the week ended 13 July, as shown by the EIA data
18 July 10:59 AM Oil slips on rising US inventories, fading demand concerns
Mubasher: Oil prices dropped on Wednesday, as the US posted a rise in its crude inventories last week, which came beyond expectations.
18 July 01:12 AM Oil prices recover by Tuesday’s close
Oil prices rose on Tuesday, on the back of renewed concerns regarding supplies in Libya
17 July 10:19 AM Oil recovers from 3M low on escalating Norwegian worker strike
Mubasher: Crude prices rose on Tuesday, with Brent recovering from a three-month low, after a growing number of Norway's oil workers went on strike.
16 July 11:08 AM China refinery runs rise though higher oil prices impact teapots
Mubasher: Chinese refinery runs increased in June, as state-run oil majors ramped up the production of fuel products.
16 July 10:23 AM Oil retreats on potential supply hikes, Trump-Putin summit
Mubasher: Oil prices dropped on Monday on easing worries over supply outages and the resumption of export activities at Libyan ports.
14 July 12:06 AM Oil prices narrow weekly losses on supply fears
Production disruption in Iraq and Norway led to fears of a decline in market supplies
14 July 12:01 AM US rig count levels up in week
The total number of oil rigs in the United States remained at 863
13 July 11:43 AM China’s oil imports hit 6M-low on lower refiner purchases
China's oil imports dropped in for the second month in a row, hitting the steepest level since December, official data showed on Friday.
13 July 10:29 AM Oil diverges early Friday, set for substantial weekly losses
Oil prices on early Friday saw little changes, as markets received major swings earlier in the week that led to a second weekly losses.
12 July 06:07 PM OPEC expects surge in global production next year
OPEC’s 15 members will need to provide an average of just 32.2 million barrels a day next year
12 July 05:37 PM US natural gas storage rises; prices drop
The US Energy Information Administration reported that the country’s natural gas storage rose by 51 billion cubic feet (Bcf) the week ended 6 July.
12 July 01:53 PM World’s ‘oil cushion’ could be exhausted - IEA
Global oil spare capacity could be consumed because of long-time disruptions which pushed prices higher, threatening demand growth, the IEA warned.
12 July 12:17 PM Oil pares losses on falling US crude stockpiles
Oil prices on Thursday rose, regaining some of their earlier sharp losses following Libya’s announcement that it would resume crude exports.
12 July 11:46 AM OPEC forecasts fading 2019 demand, notes glut return
OPEC predicted that global demand for its crude will decline next year on slower consumption and higher supplies from rivals