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

Global Markets brief

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.

Global Markets brief

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.

Global Markets brief

11 August 12:05 AM Oil prices see worst declining streak in 3 yrs

American crude is down 1.2% for the week

Oil and Energy

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.

Oil and Energy

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

Global Markets brief

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.

Oil and Energy

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.

Global Markets brief

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.

Global Reports

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

Oil and Energy

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.

Global Reports

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.

Oil and Energy

8 August 12:09 AM Oil prices rally on Tuesday

Nymex futures for September delivery rose by 0.2%

Oil and Energy

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.

Global Markets brief

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.

Oil and Energy

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.

Oil and Energy

3 August 10:34 PM Nymex crude extends losses for 4th week

China is moving to reduce its purchases of American crude oil

Oil and Energy

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.

Global Reports

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.

Oil and Energy

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.

Global Markets brief