Oil and Energy

3 hours ago Oil prices end week in gains
Oil prices surged by more than 4% on Friday
22 June 06:39 PM OPEC agrees to raise output by undisclosed amount
Members of the Organization of Petroleum Exporting Countries (OPEC) on Friday announced that they agreed on ramping up their oil production, easing their supply curbs.
22 June 10:56 AM Oil rises on uncertainty over OPEC meeting, trade dispute
Oil climbed on early Friday, driven by uncertainty as to whether OPEC members would agree on increasing production at their meeting later in the day.
21 June 11:32 PM Oil falls as OPEC set to raise production
Saudi Arabia and Russia are supporting the moves to increase production
21 June 05:41 PM US natural gas storage, prices rise
Mubasher: The US Energy Information Administration (EIA) reported that the country’s natural gas storage rose by 91 billion cubic feet (Bcf) last week.
21 June 10:47 AM Oil drops after Iran hints support for OPEC output hike
Mubasher: Oil prices fell on Thursday as Iran suggested that it may back a small increase in crude production from OPEC.
20 June 05:40 PM US crude inventories fall beyond forecasts; oil prices rise
Crude oil inventories in the US dropped by 5.9 million barrels to 426.5 million barrels in the week ended 15 June, as shown by EIA.
20 June 12:02 AM Oil prices fall days before OPEC summit
Oil prices fell on Tuesday, as concerns regarding the next OPEC summit are on the rise
19 June 06:50 PM Russian energy minister calls for end to oil output curbs
Russian energy minister Alexander Novak on Tuesday called the world’s largest oil producers to end the oil supply curbs.
19 June 05:13 PM OPEC projects solid oil market, potential need for output hike
Mubasher: A technical panel at the Organization of Petroleum Exporting Countries (OPEC) expected global oil demand to remain resilient in the second half of 2018.
19 June 10:48 AM Potential hike in OPEC, Russian output weighs on oil prices
Mubasher: Oil prices dropped in early Asian trading on Tuesday, pulled down by expectations that OPEC and non-OPEC allies will gradually step up crude production.
18 June 05:34 PM Oil to beat $80 pb despite OPEC plans –Goldman Sachs
Goldman Sachs said on Monday that oil prices would surge again above $80 per barrel (pb) over the coming months.
18 June 04:43 PM OPEC mulls over 300,000 bpd output hike – Reports
OPEC members are in talks over stepping up production by 300,000 to 600,000 barrels per day.
18 June 10:58 AM Oil dips on China crude tariff threats, OPEC output hike
Oil on early Monday maintained their fall from last week driven by China's tariff threats on US crude imports and potential OPEC rising supply.
17 June 10:20 AM Saudi Arabia, Russia eye 1.5m bpd output hike in Q3
Saudi Arabia and Russia will ask OPEC to allow them to increase oil production by 1.5 million barrels per day during the third quarter of 2018
15 June 10:51 AM Oil stabilises on potential output hike, before US rig data
Oil prices were stable on early Friday, as Saudi Arabia and Russia hinted at rising production ahead of OPEC meeting in Vienna.
14 June 04:42 PM Oil prices remain strong near $70 pb
Saudi Arabia and Russia are expected to lead efforts to reduce the limits of the OPEC-led output agreement
14 June 10:38 AM Oil slides on lower US output hike, China refining drop
Oil eased on early Thursday, driven by high crude production and weaker refining activity in China, despite high US fuel consumption and dropping crude stockpiles.
13 June 06:06 PM Oil prices rise on US crude inventories data
Crude oil inventories in the United States dropped 4.143 million barrels last week
13 June 10:10 AM Oil drop Wednesday on potential output hikes
Oil prices went down on early Wednesday affected by hiking US supply and expectations that OPEC members would voluntarily relax production cuts.
12 June 03:42 PM Oil prices fall after Saudi Arabia reveals higher May output
Oil prices reversed earlier gains on Tuesday on the back of a reported increase in oil output from Saudi Arabia
12 June 10:57 AM Oil rises Tuesday on positive Trump - Kim summit
Mubasher: Oil prices increased on Tuesday on positive news about the historic summit between US President Donald Trump and North Korean leader Kim Jong Un.
11 June 10:32 AM Higher US rig count, Russian supplies weigh oil prices Monday
Mubasher: Oil prices edged down 0.3% on Monday, pressured by a jump in Russian output and US drilling activity.
8 June 03:42 PM Iran denounces US output hike request
Iran criticised the Trump administration’s unofficial request to some OPEC members along with Saudi Arabia to ramp up production to offset Iranian crude shortage.
8 June 10:59 AM Oil slips on weaker China demand, US output hike
Oil shed earlier gains on early Friday, as US output rose and demand in China waned, despite Venezuelan output shortage and the OPEC deal.