Tag Archives: oil

Oil, 2019, highs, OPEC, cuts, US sanctions

Oil hits 2019 highs on OPEC cuts, US sanctions

02 February, 2019 10:35 am 10:35 am

SINGAPORE (Reuters) – Brent crude oil prices hit 2019 highs above $65 per barrel on Friday, spurred by US sanctions against Venezuela and Iran as well as OPEC-led supply cuts. Brent rose as high as $65.10, pushing past the $65 Read More

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Oil prices climb on OPEC cuts, hopes of US-China trade deal

02 February, 2019 8:38 am 8:38 am

SYDNEY (Reuters) – Oil prices rose on Friday, lifted by OPEC’s supply cuts and hopes the United States and China could soon settle their trade disputes. US West Texas Intermediate (WTI) futures were at $54.10 per barrel at 0133 GMT, Read More

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Maduro WHite House Venezuelan gold oil Donald Trump

‘Don’t deal in Venezuelan gold,’ White House says, in ant...

01 January, 2019 8:35 am 8:35 am

CARACAS/WASHINGTON (Reuters) – The White House warned traders not to deal in Venezuelan gold or oil following its imposition of stiff sanctions aimed at forcing socialist President Nicolas Maduro from power. National security adviser John Bolton tweeted that traders should Read More

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Oil, global, growth, US, inventories

Oil prices fall on worries fuel demand to stall amid slowing global growth

01 January, 2019 9:36 am 9:36 am

SYDNEY/SINGAPORE (Reuters) – Oil prices declined on Thursday amid lingering concerns over slowing global economic growth that may limit fuel demand and after a surprise build in US crude inventories. International Brent crude oil futures LCOc1 were at $60.89 a Read More

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Oil, global, growth, US, inventories

Oil rises to 2019 highs on strong China demand despite economic slowdown

01 January, 2019 12:11 pm 12:11 pm

SINGAPORE (Reuters) – Oil prices rose to their highest for 2019 on Monday after data showed refinery processing in China, the world’s second-largest oil consumer, climbed to a record in 2018, despite a slowing economy last year. Prices are further Read More

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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 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 Read More

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Oil tanker fire in Hong Kong waters kills one, rescue going on

01 January, 2019 12:00 pm 12:00 pm

HONG KONG (Reuters) – An oil tanker caught fire in Hong Kong’s southern waters on Tuesday, killing one crew member while at least 21 were rescued, police said, with witnesses reporting a loud blast that shook windows several kilometres away. Read More

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Oil stabilizes on China-US trade talks, OPEC cuts

01 January, 2019 8:30 am 8:30 am

SINGAPORE (Reuters) – Oil prices steadied on Friday after China said it would hold talks with Washington on January 7-8 aimed at solving trade disputes between the two world’s biggest economies. Crude prices had previously fallen after the United States Read More

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Oil plunges 6 percent as economic slowdown fears grip market

12 December, 2018 2:32 pm 2:32 pm

NEW YORK (Reuters) – Oil prices plunged more than 6 percent to the lowest level in more than a year on Monday, pulling back sharply late in the session as fears of an economic slowdown rattled the market. US crude 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 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 Read More

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Iranian official says oil-for-goods deal planned with South Korea

12 December, 2018 8:57 am 8:57 am

DUBAI (Reuters) – Iran and South Korea are working to set up a mechanism to barter South Korean goods for Iranian oil exports, an Iranian trade official quoted as saying by the state news agency IRNA , as Tehran seeks Read More

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Dollar, US yields slide on Fed official rate talk

11 November, 2018 8:57 am 8:57 am

NEW YORK (Reuters) – The US dollar weakened and Treasury yields slid after a top Federal Reserve official said US interest rates were near a neutral rate, while the S&P 500 ended positive after a seesaw session helped by optimism Read More

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Saudi energy minister says no plans to break up OPEC

11 November, 2018 2:12 pm 2:12 pm

ABU DHABI (Reuters) – Saudi Arabia is not preparing for a break up of OPEC and believes the group will remain the global central bank for oil for a long time, Saudi Energy Minister Khalid al Falih said on Monday. Read More

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