Tag Archives: Brent crude oil


oil opec brent crude oil prices

Record US crude production weighs on oil prices

01 January, 2019 8:22 am 8:22 am

SYDNEY (Reuters) – Oil prices dipped on Thursday as US crude production quickly approached an unprecedented 12 million barrels per day (bpd) just as worries about weakening demand emerge. US West Texas Intermediate (WTI) crude futures CLc1 were at $52 per barrel at 0140 GMT, down 31 cents, or 0.6 percent, from their last settlement. … Read More



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Oil prices dip on signs of economic slowdown, but OPEC-led cuts provide sup...

01 January, 2019 8:16 am 8:16 am

SINGAPORE (Reuters) – Oil prices dipped on Wednesday on increasing signs of a global economic slowdown, although OPEC-led supply cuts helped support Brent crude above $60 per barrel. International Brent crude oil futures LCOc1 were at $60.46 per barrel at 0146 GMT, down 18 cents, or 0.3 percent from their last close. US West Texas … Read More



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Global shares mixed as trade worries loom; oil surges

12 December, 2018 9:33 am 9:33 am

NEW YORK (Reuters) – Concerns over China-US trade tensions gave European shares their worst week of losses in two months and sank US stocks , overshadowing the lift from higher oil prices and jobs data. While Europe was higher on the day with a small recovery after three sessions of heavy losses, the trade standoff … Read More



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Oil prices climb on OPEC-led cuts, but off session highs

12 December, 2018 9:16 am 9:16 am

NEW YORK (Reuters) – Oil prices ended more than 2 percent higher after OPEC members and allies like Russia agreed to reduce output to drain global fuel inventories and support the market, but the gains were capped by concerns that the cuts would not offset growing production. The Organisation of the Petroleum Exporting Countries and … Read More



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Oil slips on worries that economic slowdown could weigh on fuel demand

11 November, 2018 9:36 am 9:36 am

SINGAPORE (Reuters) – Oil prices slipped on Tuesday as concerns that an economic slowdown may curb fuel demand growth overshadowed the reintroduction of sanctions on Iran. US West Texas Intermediate (WTI) crude futures CLc1 were at $62.93 a barrel at 0131 GMT, down 17 cents, or 0.3 percent, from their last settlement. International Brent crude … Read More



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oil opec brent crude oil prices

Oil prices fall as US grants Iran sanction waivers to major importers

11 November, 2018 9:36 am 9:36 am

SINGAPORE (Reuters) – Oil prices fell on Monday as the start to US sanctions against Iran’s fuel exports was softened by waivers that will allow major buyers to still import Iranian crude, at least temporarily. Front-month Brent crude futures LCOc1 were at $72.40 per barrel at 0332 GMT on Monday, down 43 cents, or 0.6 … Read More



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US allows eight importers to keep buying Iran oil for now

11 November, 2018 8:41 am 8:41 am

WASHINGTON (Reuters) – The United States said it will temporarily allow eight importers to keep buying Iranian oil when it re-imposes sanctions to try to force Iran to curb its nuclear, missile and regional activities. US Secretary of State Mike Pompeo, who announced the decision, did not name the eight, which he referred to as … Read More



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Global oil pricing worries hit US energy shares as earnings loom

10 October, 2018 9:25 am 9:25 am

NEW YORK (Reuters) – Worries over global oil pricing and pipeline constraints are hanging over the energy sector as US companies begin to report quarterly results, with many producers’ shares trading lower on the year. Third-quarter profits for oil producers generally should be higher than a year ago, because the average price per barrel was … Read More



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Oil prices rise on signs Iranian oil exports are falling further in October

10 October, 2018 8:34 am 8:34 am

SEOUL (Reuters) – Oil prices rose on Tuesday on signs Iranian oil exports this month have fallen from September ahead of US sanctions against Tehran that are set to start in November. International benchmark Brent crude LCOc1 for December delivery rose 27 cents, or 0.33 percent, to $81.05 per barrel by 0325 GMT. US West … Read More



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Oil extends losses as other markets fall, inventories rise

10 October, 2018 8:33 am 8:33 am

TOKYO (Reuters) – Oil dropped on Thursday to extend big losses from the previous session as global stock markets suffered a rout, with crude prices also taking a hit from a weekly industry report showing US crude inventories had risen more than expected. Supply worries also eased as Hurricane Michael likely spared oil assets from … Read More



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Oil prices rise on signs that Iranian crude exports fall further

10 October, 2018 9:12 am 9:12 am

TOKYO (Reuters) – Oil prices rose on Tuesday as more evidence emerged that crude exports from Iran, OPEC’s third-largest producer, are declining in the run-up to the re-imposition of US sanctions and as a hurricane moved across the Gulf of Mexico. Brent crude was up 26 cents, 0.3 percent, at $84.17 a barrel by 0244 … Read More



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oil opec brent crude oil prices

Oil drops 1 percent as US considers granting some waivers on Iran crude san...

10 October, 2018 8:22 am 8:22 am

SINGAPORE (Reuters) – Brent crude oil prices fell by more than 1 percent on Monday after Washington said it may grant waivers to sanctions against Iran’s oil exports next month, and as Saudi Arabia was said to be replacing any potential shortfall from Iran. International benchmark Brent crude oil futures LCOc1 were at $83.25 per … Read More



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oil opec brent crude oil prices

Oil falls as Saudi and Russia quietly agree output rise, US stocks swell

10 October, 2018 9:15 am 9:15 am

SINGAPORE (Reuters) – Oil prices on Thursday fell from four-year highs reached the previous session, pressured by rising US inventories and after sources said Russia and Saudi Arabia struck a private deal in September to raise crude output. Brent crude oil futures LCOc1 were trading at $85.85 per barrel at 0104 GMT, down 44 cents, … Read More



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Brent oil near four-year high ahead of US sanctions against Iran

10 October, 2018 8:11 am 8:11 am

SINGAPORE (Reuters) – Oil prices were firm on Tuesday, holding near a four-year high reached the previous day as markets adjust to the prospect of tighter supply once the US sanctions against Iran kick in next month. Brent crude oil futures LCOc1 were at $84.94 per barrel at 0223 GMT, down 4 cents from their … Read More



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Oil prices rise 1 percent ahead of US sanctions against Iran

09 September, 2018 8:27 am 8:27 am

SINGAPORE (Reuters) – Oil prices rose by 1 percent on Thursday as investors focused on the prospect of tighter markets due to US sanctions against major crude exporter Iran, which are set to be implemented in November. Front-month Brent crude futures LCOc1 were at $82.17 per barrel at 0133 GMT, up by 83 cents, or … Read More



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