Oil prices dip on surging U.S. crude stockpiles
SINGAPORE (Reuters) – Oil prices fell on Thursday after U.S. crude stockpiles surged to their highest levels in almost 17 months amid record production. FILE PHOTO: The sun sets behind…
Oil gains up to 2% to five-month high as Libyan output threatened
NEW YORK (Reuters) – Oil prices rose up to 2 percent on Monday, hitting five-month highs on expectations that global supplies would tighten due to fighting in Libya, OPEC-led cuts…
Demand for Aramco’s bond ‘north of’ $30 billion, says Saudi energy minister
FILE PHOTO: An Aramco employee walks near an oil tank at Saudi Aramco’s Ras Tanura oil refinery and oil terminal in Saudi Arabia, May 21, 2018. REUTERS/Ahmed Jadallah/File Photo RIYADH…
Oil up as OPEC-led supply cuts support, Cushing draws down
NEW YORK (Reuters) – Oil prices edged up on Monday, supported by the prospect of prolonged OPEC-led oil supply curbs and signs of inventory declines at the delivery point for…
Oil prices rise amid broad market rally, OPEC supply cuts
SINGAPORE (Reuters) – Oil prices rose on Tuesday, lifted by healthy demand and output cuts led by producer group OPEC. FILE PHOTO: Drilling rigs are parked up in the Cromarty…
Exclusive: Saudi’s Falih – U.S., China driving oil demand; no April OPEC policy change
NEW DELHI (Reuters) – Saudi oil minister Khalid al-Falih said on Sunday that China and the U.S. would lead healthy global demand for oil this year but that it would…
Oil prices dip as U.S. crude output hits record 12 million barrels per day
SINGAPORE (Reuters) – Oil prices fell on Friday after the United States reported its crude output hit a record 12 million barrels per day (bpd), undermining efforts by Middle East…
Oil near 2019 highs amid OPEC supply cuts, but rising U.S. output weighs
SINGAPORE (Reuters) – Oil prices hovered near 2019 highs on Wednesday, supported by OPEC-led supply cuts and U.S. sanctions on Iran and Venezuela, but capped by soaring U.S. production and…
Oil prices rise 1 percent amid OPEC supply cuts, U.S. sanctions on Venezuela
SINGAPORE (Reuters) – Oil prices rose by around 1 percent on Wednesday as producer club OPEC said it had deeply cut supply in January and as U.S. sanctions hit Venezuela’s…
Oil rises on OPEC cuts, U.S. sanctions on Iran and Venezuela
SINGAPORE (Reuters) – Oil prices rose on Tuesday amid OPEC-led supply cuts and U.S. sanctions against Iran and Venezuela, although surging U.S. production and concerns over economic growth kept markets…