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20 June 09:55 AM

Oil and Energy

19 June 11:25 PM Lower US stockpiles pressure oil at Wednesday’s finish
Mubasher: Oil futures ended in the red territory on Wednesday, as US data showed lower crude oil inventories.
Oil and Energy
19 June 05:37 PM US oil stockpiles drop 3.1m barrels in June’s second week
Mubasher: US crude oil stockpiles dropped by 3.1 million barrels to 482.4 million barrels in the week ended 14 June, the Energy Information Administration said.
Oil and Energy
19 June 11:38 AM Oil rises amid US-Sino trade deal prospects, dovish ECB signals
Mubasher: Oil futures saw gains on Wednesday, buttressed by re-ignited hopes for a trade pact between the US and China.
Global Reports
18 June 11:36 PM Tweet on US-China trade talks boosts oil at Tuesday’s finish
Mubasher: Oil futures climbed at Tuesday’s settlement, the highest front-month contract close since 7 June.
Oil and Energy
18 June 11:55 AM Oil falls for second session on global growth jitters
Mubasher: Oil traded lower on Tuesday amid signs that a trade war between the US and China was taking a heavy toll on global growth.
Global Reports
18 June 11:32 AM US shale oil output to rise 70,000 bpd in July
Mubasher: Oil production from seven key US shale formations is set to grow by 70,000 next July to a record 8.520 million barrels per day.
Global Markets brief
17 June 05:47 PM Iran, Russia ink energy cooperation MoU
Mubasher: Iran and Russia inked a provisional agreement over cooperation in the energy industry, Reuters reported, citing SHANA news outlet.
Oil and Energy
17 June 12:12 PM Oil dips as economic jitters outweigh Middle East tensions
Mubasher: Oil prices fell on Monday on looming global economic slowdown in the middle of trade tensions.
Global Markets brief
14 June 11:52 PM Middle East spat boosts oil futures at Friday’s close
Mubasher: Oil futures climbed at Friday’s settlement, pushed up by the heated conflict in the Middle East.
Oil and Energy
14 June 10:08 PM Gold settles higher on Friday
Mubasher: Gold levelled up at Friday’s settlement, declining 0.1% for the week.
Oil and Energy
14 June 01:19 PM IEA cuts 2019 oil demand outlook on global trade fears
Mubasher: The International Energy Agency (IEA) on Friday scaled back its outlook oil demand consumption this year, citing deteriorating prospects for world trade.
Global Reports
14 June 11:57 AM Oil trades higher for second session on Middle East tensions
Mubasher: Oil prices extended their rally on Friday from the previous session after attacks on two oil carriers near the strategic Strait of Hormuz.
Global Markets brief
13 June 11:44 PM Oil ends higher on Thursday amid tensions in Arabian Gulf
Mubasher: Oil futures settled higher on Thursday, as the situation in the Arabian Gulf became more complicated.
Oil and Energy
13 June 05:36 PM US natural gas storage rises as prices fall
Mubasher: The US natural gas inventories climbed by 102 billion cubic feet in the week ended 7 June, totalling 2,088 Bcf.
Oil and Energy
13 June 05:11 PM OPEC slashes oil demand outlook over trade disputes, growth jitters
Mubasher: The Organization of the Petroleum Exporting Countries lowered its forecast for the global demand on Thursday.
Oil and Energy
13 June 03:41 PM OPEC oil output drops to 5-yr trough in May
Mubasher: Oil production from the Organization of the Petroleum Exporting Countries (OPEC) dropped in May, hitting its lowest level since five years.
Global Markets brief
13 June 03:10 PM Japanese oil carriers attacked near Hormuz Strait
Mubasher: Two “Japan-related” oil carriers near the strategic the strategic Strait of Hormuz were reportedly attacked on Thursday, amid heightened tensions between Tehran and Washington.
Oil and Energy
13 June 10:20 AM Oil recoups big losses on climbing US stockpiles, demand outlook
Mubasher: Oil pared some of the steep losses on a continuous build in US crude stockpiles and worries about lower demand growth.
Global Reports
12 June 11:26 PM Oil ends lower on Wednesday  
Mubasher: Oil futures declined at Wednesday’s settlement, recording lowest level since 14 January.
Oil and Energy
12 June 05:35 PM US oil stockpiles rise 2.2m barrels in June’s first week
Mubasher: US crude oil stockpiles rose by 2.2 million barrels to 485.5 million barrels in the week ended 7 June.
Global Reports
12 June 12:18 PM Oil dives on soft demand outlook, surging US inventories
Mubasher: Oil prices dropped by more than 2% on Wednesday, dragged down by a softer demand outlook and a surge in US crude stockpiles.
Global Reports
11 June 10:42 PM Oil settles near stability on Tuesday
Mubasher: Oil futures stabilised at Tuesday’s settlement, amid uncertainty regarding OPEC’s stand on supply.   
Oil and Energy
11 June 12:16 PM Oil gains on firmer financial markets, expected supply cut extension
Mubasher: Oil traded higher on Tuesday as financial markets firmed, amid expectations that OPEC and its allies will retain supply curbs in place.
Global Reports
10 June 11:25 AM Oil rallies as Saudi Arabia urges extending output curbs
Mubasher: Oil futures climbed on Monday after Saudi Arabia urged maintaining crude supplies at their current levels.
Oil and Energy
7 June 02:57 PM Russia, OPEC views differ on oil ‘fair price’ – Putin
Mubasher: Russian President Vladimir Putin said that Moscow and the Organization of the Petroleum Exporting Countries had divergent views over what constitutes fair price.
Oil and Energy