Tag Archives: opec

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 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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Iraq Oil Minister sees improvement in oil prices early next year

12 December, 2018 1:59 pm 1:59 pm

KUWAIT (Reuters) – Iraq’s oil minister said on Sunday he expects “an improvement” in oil prices at the beginning of next year, after the implementation of the OPEC and non-OPEC decision to curb production made earlier this month. “We are Read More




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Asian stocks slide, investors rush to yen and bonds

12 December, 2018 9:41 am 9:41 am

SYDNEY (Reuters) – Global stocks were sailing into Christmas on a sea of red on Friday, as the threat of a US government shutdown and of further hikes in US borrowing costs inflamed investor unease over the economic outlook. The Read More




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OPEC has shown it can reach deal despite splits: Iran oil minister

12 December, 2018 9:13 am 9:13 am

DUBAI (Reuters) – Iranian Oil Minister Bijan Zanganeh praised OPEC for what he said was the producer group’s ability to reach agreement despite intense internal political differences. The Organisation of the Petroleum Exporting Countries and its Russia-led allies agreed on 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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Putin warmly greets Saudi crown prince at G20 summit

12 December, 2018 8:16 am 8:16 am

BUENOS AIRES (Reuters) – Russian President Vladimir Putin and Saudi Arabia’s Crown Prince Mohammed bin Salman exchanged a high-five and laughed heartily together  as they took seats next to each other at a plenary session of the Group of 20 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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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 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 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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