Mon, Mar 09, 2020
Saudi Arabia, the world`s top oil exporter, plans to raise its crude oil production significantly above 10 million barrels per day (bpd) in April, after the collapse of OPEC`s supply cut agreement with Russia, two sources told Reuters on Sunday
More >
Wed, Mar 04, 2020
Oil Price: A panel of OPEC and its allies recommended cutting oil output by an extra 1 million barrels per day (bpd) on Tuesday.
Thu, Feb 06, 2020
Oil prices jumped about 4% on Wednesday on media reports that scientists had found a drug breakthrough for the fast-spreading coronavirus, an outbreak that continues to weigh heavily on global economic activity and oil demand
Fri, Sep 30, 2016
NYMEX crude for November delivery was down 8 cents at $47.75. It settled up 78 cents on Thursday, after touching a one-month high of $48.32 earlier.
Thu, Sep 29, 2016
Russia is aiming to keep its oil production at near-record levels despite OPEC's decision to modestly reduce its output, Russian Energy Minister Alexander Novak said on Thursday.
WTI was trading around $47 a barrel, after gaining more than 5 percent on Wednesday on OPEC`s planned output cut. [O/R]
Oil prices extended gains after rising nearly 6% on Wednesday after OPEC struck a deal to limit crude output.
Wed, Sep 28, 2016
Crude futures fell about 3% on Tuesday after Iran rejected an offer from Saudi Arabia to limit its oil output in exchange for Riyadh cutting supply.
Mon, Sep 26, 2016
Russian oil majors Rosneft and Gazprom Neft are raising the share of production from hard-to-recover reserves, to counter declining conventional output, showing the complexities facing producer nations seeking to tackle a global oversupply of crude.
Mon, Sep 19, 2016
Shanghai put on 0.6%, while South Korea added 0.6%. Liquidity was lacking with Tokyo closed for a holiday.
Fri, Sep 09, 2016
Oil prices edged lower on Friday but were still set for their first weekly gain in three weeks after Russia and Saudi Arabia agreed to work together to help rebalance the markets and after a surprisingly large drawdown in US crude stocks.
Thu, Jun 09, 2016
According to Finance Minister, Arun Jailtey, current price highs won't harm India much but higher rates will torment the economy resulting in inflationary pressure.
Thu, Jun 02, 2016
Tehran, which only recently returned to world oil markets after Western sanctions were lifted, has opposed any attempt to limit output to support weak crude prices.
Mon, May 09, 2016
March exports were $176.6 billion, $1.5 billion less than February exports.
Fri, May 06, 2016
Asian countries buy more than half of the oil that Saudi Arabia exports and any hike in the price can be seen as a pick up in the demand for oil in the region.
Tue, Apr 19, 2016
Kuwait's crude oil production halved after workers continued their strike for the third day pushing oil prices up
Mon, Apr 18, 2016
The euro was down 0.7 percent against its Japanese counterpart at 121.89 yen after earlier dropping to 121.71, its lowest since April 2013.
By accepting cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.
