Oil and Energy

1 hour ago Oil settles lower after mixed performance
The American Petroleum Institute (API) is scheduled to issue its weekly report later.
14 August 10:29 AM Saudi output cut drives oil higher despite economic slowdown
Oil prices inched up on Tuesday after the Organization of Petroleum Exporting Countries (OPEC) confirmed that Saudi Arabia trimmed production to evade potential oversupply
13 August 05:13 PM OPEC output rises in July on Nigeria, Kuwait, UAE supplies
Oil production from the Organization of Petroleum Exporting Countries (OPEC) rose in July, despite supply shortfalls from Libya, Iran and Saudi Arabia.
13 August 11:59 AM Oil slips on gloomy emerging market demand outlook
Oil prices dipped on Monday as fuel demand outlook was impacted by a turmoil in emerging economies and escalating trade disputes.
11 August 12:05 AM Oil prices see worst declining streak in 3 yrs
American crude is down 1.2% for the week
10 August 02:54 PM US sanctions against Iran pressure global oil supply - IEA
The US plan to impose sanctions against Iran, targeting the country’s crude exports, could have a significant impact on the global supply.
10 August 10:40 AM Oil slips on US, China trade spat concerns
Oil prices on early Friday fell driven by concerns that an intensified trade friction between Washington and Beijing would hamper economic growth and fuel demand
9 August 05:39 PM US natural gas storage rises; prices drop
The US natural gas storage rose by 46 billion cubic feet (Bcf) the week ended 3 August, the EIA reported.
9 August 12:13 PM Iran claims OPEC committee attempts to reallocate supply quotas
Iran accused OPEC’s Joint Ministerial Monitoring Committee of an improper attempt to redistribute oil production quotas among some members.
9 August 11:38 AM Supply fears support oil prices Thursday; trade dispute weighs
Oil prices sustained their gains on Thursday on the back of concerns over Iranian supplies after the reinstatement of US sanctions against Tehran.
8 August 05:42 PM US crude stockpiles dip, oil prices extend sharp declines
US crude oil inventories dropped by 1.4 million barrels to 407.4 million barrels in the week ended 3 August, official data by the EIA showed
8 August 02:59 PM Indian Oil purchases 6m US crude barrels
Indian Oil Corporation (IOC) purchased 6 million barrels of US crude deliveries from November to January in a bid to find alternatives to Iranian oil.
8 August 11:39 AM Weak China imports push down oil prices Wednesday
Oil prices declined on Wednesday driven by weaker imports into China, but the prices remained firm on a drop in US crude inventories.
8 August 12:09 AM Oil prices rally on Tuesday
Nymex futures for September delivery rose by 0.2%
7 August 11:53 AM Oil rises on concerns over re-imposed US sanctions on Iran
Oil rose on Tuesday, after the reinstatement of US sanctions against Iran, a key crude exporter, which are expected to cast the market into shortage.
6 August 03:28 PM Iraq to raise output to 7.5M bpd by 2024
Iraqi Oil Minister Jabar al-Luaibi on Monday said that the country would ramp up crude production to more than 7.5 million barrels per day.
6 August 11:37 AM Oil rises as US drilling stalls, Saudi output falls
Oil prices on early Monday went up after US drilling activity seemingly stalled, while Saudi Arabian crude production abruptly declined in July.
3 August 10:34 PM Nymex crude extends losses for 4th week
China is moving to reduce its purchases of American crude oil
3 August 01:42 PM China refuses US demand to cease Iran crude purchases
The US reportedly failed to convince China to cease its oil purchases from Iran, a blow to President Donald Trump’s attempt to shut down Tehran.
3 August 11:05 AM Oil firms Friday on new hedges despite hiking global output
Oil prices steadied on early Friday, driven by investors putting new hedges in the futures market as they expected the US crude inventories to fall.
2 August 05:37 PM US natural gas storage, prices up in week
The US Energy Information Administration (EIA) reported that the country’s natural gas storage rose by 35 billion cubic feet (Bcf) the week ended 27 July.
2 August 11:32 AM Oil prices break 2-session drop Thursday
Mubasher: Oil prices rose on Thursday, holding steady after extended losses over the past two days.
2 August 01:24 AM Oil prices fall on rising inventories
US crude oil stockpiles rose by 3.8 million barrels to 408.7 million barrels
1 August 05:42 PM US crude stockpiles unexpectedly climb; oil prices decline
US crude oil inventories rose by 3.8 million barrels to 408.7 million barrels in the week ended 27 July, according to the EIA.
1 August 11:20 AM Oil slips on US stockpile build-up, slowing economic growth
Oil prices fell on Wednesday after industry data indicated a surprise rise in the US crude inventories, coupled with a slowing economic growth.