Tag Archives: opec

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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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 Read More

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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 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 Read More

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Russian energy minister Nova says ‘No need to freeze or cut oil outpu...

10 October, 2018 9:09 am 9:09 am

ISTANBUL (Reuters) – Russian Energy Minister Alexander Novak said there was no reason for Russia to freeze or cut its oil production levels, noting that there were risks that global oil markets could be facing a deficit. OPEC and its 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 Read More

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Oil prices fall one percent amid global stock market slump

10 October, 2018 8:20 am 8:20 am

SINGAPORE (Reuters) – Oil prices fell by around one percent on Thursday, coming under pressure from sharp selloffs in global stock markets, with US stocks posting the biggest daily decline since 2011 to wipe out the year’s gains. Front-month Brent Read More

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Oil prices fall as Saudi Arabia pledges to play ‘responsible roleR...

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

SINGAPORE (Reuters) – Oil prices fell on Tuesday after Saudi Arabia pledged to play a “responsible role” in energy markets, although sentiment remained nervous in the run-up to US sanctions against Iran’s crude exports that start next month. Front-month Brent Read More

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Asian shares struggle as European woes, Saudi concerns dim mood

10 October, 2018 8:06 am 8:06 am

TOKYO (Reuters) – Asian shares edged lower on Tuesday as earnings season nerves in the US dented Wall Street, while a cocktail of negative factors from Saudi Arabia’s diplomatic isolation to concerns over Italy’s budget and Brexit talks depressed sentiment. Read More

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Oil edges up on looming Iran sanctions, but US-China trade war caps gains

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

SINGAPORE (Reuters) – Oil prices edged up on Monday, as markets were expected to tighten once US sanctions against Iran’s crude exports are implemented next month. Front-month Brent crude oil futures LCOc1 were trading at $79.88 a barrel at 0248 Read More

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Exxon Mobil bets big on China LNG, sidesteps trade war

10 October, 2018 8:14 am 8:14 am

HOUSTON (Reuters) – In the middle of a Sino-US trade war, the world’s largest publicly traded oil and gas company is turning towards Beijing for business at a time when most of Corporate America is looking elsewhere to avoid the Read More

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Dollar at one week high after hawkish Fed minutes; Asia stocks capped

10 October, 2018 8:09 am 8:09 am

TOKYO (Reuters) – Asian stocks were capped and the dollar rose to a one week-high in early Thursday trade after the minutes of the Federal Reserve’s latest meeting showed broad agreement among board members on the need to raise borrowing 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 Read More

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Oil turns lower as weaker demand outlook weighs

10 October, 2018 8:42 am 8:42 am

NEW YORK (Reuters) – Brent crude futures gave back early gains and turned lower  after the International Energy Agency (IEA) deemed supply adequate and the outlook for demand weakening, while US crude steadied as equities rebounded. The energy watchdog said Read More

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Oil prices rise, but still set for weekly fall amid equities rout

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

TOKYO (Reuters) – Oil prices rose on Friday slightly reversing two days of declines in the previous sessions driven by sharp falls in equity markets and indications that supply concerns have been overblown, but were still on track for a Read More

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