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Opec promises curbs, but it’s no relief for oilFutures fell 0.3 per cent in New York, after declining 11 per cent last week - the most since January 2016.- Oil extends drop, falling towards $75, on demand worriesBrent crude, the global benchmark, was down $1.28 to $75.16 a barrel at 0855 GMT.
- Oil rises towards 4-year high as Iran sanctions loomBrent crude oil futures were trading at $84.89 per barrel at 0222 GMT, up 9 cents from their last close.
- Oil price spike or ignore Trump: China and India's big decisionChina and India imported about 1.4 million barrels a day of Iranian crude in last 3 months.
- This is how global crude oil flows will look after big Opec production cap dealThe early signs are that Middle East suppliers will prioritise Asia, pushing competitors in Africa and the Americas to keep cargoes in the ...
- If Nigeria unrest continues, it won’t take long to tip global oil balance from surplus to deficitOil prices are responding, rising to their highest in more than six months. Part of this is explained by the International Energy Agency li...
- OPEC oil output hits six-month low in December on LibyaOPEC's oil supply fell by 270,000 barrels per day (bpd) in December to a six-month low as fighting cut Libyan output.
- Brent rises towards $109 on renewed Ukraine tensionsBrent crude oil climbed towards $109 per barrel on Monday as the deepening crisis between Russia and Ukraine unsettled investors.
- Oil rises on signs sanctions cutting Iran's shipmentsOil rose for a second day in New York on signs that sanctions on Iran are succeeding in cutting the nation's crude exports.
- Saudis ready to pump oil after OPEC collapseSaudi Arabia signaled it's ready to deliver on a pledge to boost the supply of oil after the collapse of Opec talks two days ago.
- Oil prices slowed by strong dollar and US job concernsOil prices were directionless on Monday with the market still worried about poorer-than-expected US employment figures and the dollar stron...
- Oil prices up 11% in two weeksOil prices continued to rise on Friday, as a refinery strike in France and worries over Iran’s nuclear programme suggested petroleum suppli...
- Oil falls below $76 amid weak demandOil prices fell below $76 a barrel on Friday after government figures showed that the United States continues to use less energy than last ...
- Oil prices gain to above $74 on recovery hopesOil prices rose above $74 a barrel, helped by rising stock markets and spreading optimism about a global economic recovery.
- OPEC set for major output cut later this weekOPEC oil ministers arriving today amid tight security to this rain-soaked port city raised expectations that the group will slice output si...
- Oil up sharply near $49 as OPEC readies output cutOil prices were up sharply near $49 a barrel Monday as investors anticipated OPEC will announce a large production cut at its meeting this ...
- Oil prices tumble close to one-year lowsOil prices sank close to one-year low points on Wednesday as plunging stock markets generated fresh fears of slowing economic growth and in...
- Oil prices turn higher in Asian tradeWorld oil prices turned higher in Asia on Friday after recent choppy trade with markets weighing the likely slowing of economic growth agai...
- Oil steady ahead of US inventory dataOil was steady on Wednesday, erasing earlier gains, ahead of a weekly US inventory report expected to show fuel stocks fell in the world's ...
- Oil stays above $91 on Venezuela threatOil held above $91 a barrel on Monday, supported by Venezuela’s threat to stop sending oil to the world’s top fuel consumer the US.
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