Tag Archives: opec


us oil brent crude oil opec prices low moscow

Oil prices extend gains, move further away from five-month lows

06 June, 2019 8:29 am 8:29 am

TOKYO (Reuters) – Oil prices rose around 1% on Friday to move further away from five-month lows hit earlier in the week, buoyed by a report that Washington could postpone trade tariffs on Mexico and signs OPEC and other producers may extend crude supply cuts. Brent crude futures were up 50 cents, or 0.8%, at … Read More


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US-China trade hopes lift stocks; oil at three-month high

02 February, 2019 10:57 pm 10:57 pm

NEW YORK (Reuters) – Stocks rose in major markets on bets of progress in trade talks between the United States and China, while crude futures hit their highest in over three months, supported by ongoing supply cuts. US President Donald Trump and Chinese Vice Premier Liu He were set to meet at the Oval Office … Read More


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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 mark for the first time this year, before edging back to $64.97 a barrel by … Read More


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, up 31 cents, or 0.6 percent, from their last settlement. International Brent crude oil futures … Read More


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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


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


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 followed most other major economies into a manufacturing downturn. US West Texas Intermediate (WTI) crude … Read More


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 futures CLc1 and global benchmark Brent LCOc1 hit their lowest levels since 2017 during the … 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 optimistic that the current fall in prices will stop because there is no more oversupply … Read More


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 S&P 500 .SPX was heading for its worst quarter since the dark days of late … Read More


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 Dec. 7 to cut output by more than expected, despite pressure from US President Donald … Read More


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


us oil brent crude oil opec prices low moscow

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


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 summit. Putin’s friendly behaviour towards the crown prince contrasted sharply with that of other leaders … Read More


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 over US-China trade ties. Oil prices steadied but still posted their sixth straight week of … Read More