Search Results for: oil exports
Oil prices dip on strong dollar, firm global supply
May 23rd, 2016
Oil prices slipped in Asian trade on Monday on a strong dollar and signs that global crude supply is holding up even as volumes hit by unplanned outages rise to at least five-year highs. In a further indication of ...
Oil Advances to Six-Month High as U.S. Stockpiles Seen Falling
May 17th, 2016
Crude inventories forecast to decline by 3.5 million barrels Unplanned outages in Nigeria and Canada have cut global output Oil advanced to a seven-month high before U.S. government data forecast to show crude stockpiles dropped for a second week, ...
Kuwait calls on Iran to join oil production freeze plan
May 16th, 2016
Kuwait has called on Iran to join an oil production freeze plan after major producers failed to agree on keeping output at current levels. The freeze scheme, spearheaded by Saudi Arabia, has coincided with Iran’s bid to redeem lost ...
Oil prices jump as Goldman Sachs says market flips into deficit
May 16th, 2016
Oil prices jumped over 1 percent on Monday after long-time bear Goldman Sachs said the market had ended almost two years of oversupply following global oil disruptions and flipped to a deficit. International Brent crude futures were trading at ...
Iran, Saudi in oil price war
May 12th, 2016
It’s war, then. Iran on Wednesday blamed its biggest rival Saudi Arabia for the “collapse” of the recent Doha talks on capping oil output but the Kingdom appeared to shrug off the allegation and instead said it would boost production in 2016. ...
Oil prices stable as brimming storage counters supply disruptions
May 10th, 2016
Oil prices were steady on Tuesday as brimming inventories and a looming refined products glut offset supply disruptions in Canada and elsewhere that have taken more than 2 million barrels a day of production out of the market. International ...
Oil Rises as Canadian Fires Spread, Saudi Oil Minister Replaced
May 9th, 2016
Canada wildfires cut oil-sands production by about 40%: IHS Ali al-Naimi succeeded by Al-Falih, head of state oil company Crude rose as expanding wildfires in Canada knocked out about 1 million barrels a day of output, and after Saudi Arabia ...
Iran Outwitting Saudis on Oil, Bloomberg Says
April 25th, 2016
Iran’s oil exports are growing much more quickly than analysts predicted back in January when sanctions were eased. If the recovery continues at the recent pace, it could raise an interesting dilemma for OPEC’s top exporter Saudi Arabia at the ...
Oil falls as traders cash in after three weeks of gains
April 25th, 2016
Oil prices dipped on Monday as traders took profits after three weeks of gains and as a jump in the dollar late last week was priced into fuel markets. Front-month Brent crude was trading at $44.80 per barrel at ...
Russia calls Saudi bluff after Riyadh threatens to spice up oil output
April 21st, 2016
The Russian Power Ministry says it’s prepared to extend oil manufacturing and exports ought to Saudi Arabia undergo with its menace to spice up output after the failure of the Doha talks. Russia’s oil output might attain 540 million ...
