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17 February 02:12 AM

Oil and Energy

15 February 11:41 PM Oil settles at 3M high on OPEC output decline
Oil prices finished on Friday at their highest level since last November as crude supplies from the Organization of Petroleum Exporting Countries sustained their decline.
Oil and Energy
15 February 09:46 PM US oil drillers add rigs for second straight week
US energy firms this week raised the number of active rigs drilling for oil for the second consecutive week.
Global Reports
15 February 12:22 PM Oil begins Friday near stability
Mubasher: Oil went up on Friday, supported by the output cuts led by OPEC and the shutdown of a Saudi offshore oilfield.
Oil and Energy
14 February 11:12 PM Oil levels up at Thursday’s settlement  
Mubasher: Oil futures ended Thursday in green, supported by the optimism regarding the outcome of the trade talks between the US and China.  
Oil and Energy
14 February 06:34 PM US natural gas storage dips as prices climb
The US natural gas inventories dropped by 78 billion cubic feet in the week ended 8 February, to a total of 1,882 Bcf.
Oil and Energy
14 February 11:44 AM Oil climbs on US-Sino trade optimism, positive China data
Markets were optimistic that global economic outlook would see an improvement thanks to the potential progress in the trade negotiations between the US and China.
Global Markets brief
13 February 11:49 PM Oil settles higher on Wednesday
Mubasher: Oil futures closed up on Wednesday, supported by output reduction data and potential successful trade talks between the US and China.
Oil and Energy
13 February 06:36 PM US crude stockpiles climb as oil prices surge
US crude oil inventories climbed by 3.6 million barrels to 450.8 million barrels in the week ended 8 February.
Oil and Energy
13 February 04:47 PM Healthy demand, OPEC curbs to push oil higher–Goldman Sachs
Goldman Sachs is doubling down on its bullish bets for oil prices, citing healthy demand and supply-cutting efforts
Oil and Energy
13 February 03:42 PM IEA rules out oil price rally on Venezuela sanctions
Oil markets may be able to adjust to US sanctions against Venezuela’s hydrocarbon industry, according to the International Energy Agency.
Oil and Energy
13 February 11:39 AM OPEC output curbs, Venezuela sanctions prop up oil prices
OPEC reported that it had trimmed supply deeply last January, while US sanctions curbed Venezuela's crude exports.
Global Reports
12 February 11:22 PM Oil rises 1.3% at Tuesday’s settlement on lower supplies
Mubasher: Oil futures settled higher on Tuesday after OPEC’s monthly report showed a decline in production.
Oil and Energy
12 February 07:43 PM Venezuela urges foreign partners to declare oil venture commitments
Foreign partners of Petroleos de Venezuela are facing pressure from the state-owned oil company to publicly declare their joint venture commitments.
Global Markets brief
12 February 06:52 PM Economic slowdown, supply-hike to pressure demand in 2019 – OPEC
OPEC has reduced its forecast for the world’s demand of crude oil during 2019.
Oil and Energy
12 February 05:08 PM OPEC oil output declines 797,000 bpd in January
The Organization of Petroleum Exporting Countries significantly reduced its oil production, making good on its agreement to trim output and drain a market glut.
Global Markets brief
12 February 04:04 PM Chinese economy slowdown to dent global oil demand–IEA  
Oil prices may be hurt by a slowdown in global economy, coupled with sluggish Chinese growth.
Global Reports
12 February 12:02 PM Oil climbs on OPEC output curbs; US sanctions kick in
Oil prices rose on Tuesday as supply curbs by the Organization of Petroleum Exporting Countries and US sanctions against Iran and Venezuela bit.
Oil and Energy
11 February 05:40 PM Halliburton to bring US shale boom to MENA
Halliburton looks to replicate the shale push in the US to other plays across the world, including the Middle East.
Global Reports
11 February 12:01 PM Oil drops on rising US rig count, mounting trade fears
Oil prices dropped on Monday as drilling activity in the US picked up steam, while trade concerns weighed on financial markets.
Global Reports
10 February 01:57 PM Upstream oil M&A, capital hikes, near $48bn in Q4-18–Report
The value of merger and acquisition (M&A) transactions fell 41% to $27.3 billion in the final quarter of 2018
Global Reports
8 February 10:47 PM Oil edges up on Friday’s settlement, tumbles 4.6% in week
Mubasher: Oil futures ends Friday in stability, record losses in a week, as many factors threaten prices.  
Oil and Energy
8 February 10:32 PM US legislators may pass anti-OPEC bill
Mubasher: The US president Donald Trump may support a bill targeting the Organization of the Petroleum Exporting Countries (OPEC).
Oil and Energy
8 February 12:19 PM Global economy fears weigh on oil market
Oil prices declined on Friday as markets were held back by worries over a global economic slowdown.
Global Markets brief
7 February 11:14 PM Oil settles lower on Thursday  
Mubasher: Oil futures went down at Thursday's settlement, as the energy demand faces multiple risks.
Oil and Energy
7 February 06:34 PM US natural gas storage plunges as prices drop
US natural gas inventories dropped by 237 billion cubic feet in the week ended ended 1 February, to a total of 1,960 Bcf.
Oil and Energy