OPEC
Oil edges lower on oversupply concerns as OPEC+ set to raise outputBrent crude futures slid 8 cents, or 0.2 per cent, to $43.44 a barrel by 0001 GMT while U.S. West Texas Intermediate (WTI) crude futures we...
- US sends first shipment of crude to Saudi Arabia in over a decade
US shipped about 550,000 barrels, or 18,300 barrels per day (bpd), of crude to Saudi Arabia in June, U.S. Census data shows.
- Brent on track for a five-month high on US stimulus hopes
Brent futures rose 30 cents, or 0.7%, to $44.45 a barrel by 12:25 p.m. EDT (1625 GMT), while US crude rose 59 cents, or 1.4%, to $41.60.
- Headache for OPEC as oil market structure signals return of glut
The group will either have to consider further production cuts or tolerate lower oil prices for longer.
- Oil prices drop on fuel demand worries as coronavirus flares up
Denting fuel demand, cities from Manila to Melbourne are tightening lockdowns to battle new infections, while Norway has stopped cruise shi...
- Oil prices up on positive economic data, but virus fears weigh
Brent crude rose 66 cents, or 1.5%, to $44.18 a barrel by 11:32 a.m. EDT (1532 GMT) while US West Texas Intermediate (WTI) crude gained 81 ...
- Commodity outlook: Gold, silver up; here's how others may trade on Monday
MCX Gold and MCX Silver were up 0.35 per cent and 1.27 per cent, respectively. Meanwhile, crude oil was down 0.32 per cent in the internati...
- End game for oil? OPEC prepares for an age of dwindling demand
The pandemic has prompted some officials in the OPEC to ask whether this year's dramatic demand destruction heralds a permanent shift and h...
- End game for oil? OPEC prepares for an age of dwindling demand
coronavirus crisis may have triggered the long-anticipated tipping point in oil demand and it is focusing minds in OPEC.
- Oil posts monthly gains as US reports record output cuts in May
Investors typically use dollar-denominated commodities as safe havens when the currency weakens.
- Oil prices bounce back from 3-week lows, but economic headwinds loom
OPEC+, a grouping of the Organization of the Petroleum Exporting Countries (OPEC) and its allies, collectively plan to increase production ...
- OPEC+ hits the refinery wall: John Kemp
Futures for US gasoline delivered in September fell yesterday to less than $8 per barrel over Brent for delivery in the same month, down fr...
- Crude oil prices slide as virus surge weighs on demand outlook
U.S. West Texas Intermediate (WTI) crude futures were down 60 cents, or 1.5%, at $40.67 a barrel.
- Saudis seen cutting oil price as fresh supply meets demand slump
Aramco is expected to cut the official selling price for its flagship Arab Light grade by 48 cents a barrel for September sales to Asia.
- Oil prices slip as Covid-19 case surge dents fuel demand hopes
U.S. West Texas Intermediate (WTI) crude futures fell 6 cents, or 0.2%, to $41.21 a barrel at 0130 GMT, while Brent crude futures lost 7 ce...
- Opec+ meets to decide on oil cuts easing
Five OPEC+ sources have said no recommendations have been made to prolong record cuts into August.
- China's surging crude imports mask weakness in the rest of Asia
China's crude imports set consecutive records in May and June, and will remain at high levels in July and likely August too, as the massive...
- OPEC+ set to ease record oil cuts from August
The Organization of the Petroleum Exporting Countries and its allies, known as OPEC+, have been cutting output since May by 9.7 million bar...
- Opec sees oil demand soaring in 2021 but still below 2019
It was the first report in which OPEC assessed oil markets next year.
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