Search Results for: Organization of the Petroleum Exporting Countries
Oil prices dipped on Wednesday; What keeps prices under pressure
June 7th, 2017
Oil prices dipped on Wednesday, with Brent crude futures around $50 per barrel, as global fuel markets remained oversupplied, although rising tension in the Middle East and falling U.S. inventories lent some support. Brent crude futures LCOc1 were trading ...
Oil prices fell for a third day on Tuesday
June 6th, 2017
Oil prices slide over worries Middle East rift will undermine output cuts Oil prices fell for a third day on Tuesday, hit by concerns that a political rift between Qatar and several Arab states would undermine an OPEC-led push ...
Oil prices slide amid glut concerns, U.S. withdrawal from climate deal
June 2nd, 2017
Oil prices dropped on Friday amid worries that U.S. President Donald Trump’s decision to abandon a global climate pact could spark more crude drilling in the United States, stoking a persistent glut in global supply. Global benchmark Brent crude ...
Oil falls as rising Libyan, U.S. output undermines cuts
May 31st, 2017
Oil prices fell on Wednesday, as rising output from Libya added to concerns about increasing U.S. production that is undermining OPEC-led production cuts aimed at tightening the market. Brent crude futures LCOc1, the international benchmark for oil prices, were ...
Oil dips as ongoing glut outweighs strong start to summer driving
May 30th, 2017
A run by U.S. oil prices toward $50 a barrel ran out of steam on Tuesday as persistent concerns of oversupply outweighed signs of a strong start to the American summer driving season. U.S. West Texas Intermediate (WTI) crude ...
Oil falls as U.S. drilling undermines drive to tighten markets
May 29th, 2017
Oil prices fell on Monday as a relentless rise in U.S. drilling undermined an OPEC-led push to tighten supply. Trading activity will be subdued on Monday due to public holidays in China, the United States and Britain. Brent crude ...
Oil drops after OPEC-led output cut extension falls below expectations
May 26th, 2017
Oil extended falls on Friday after tumbling in the previous session when OPEC and allied producers extended output cuts but disappointed investors betting on longer or larger supply curbs. At Thursday’s meeting in Vienna, the Organization of the Petroleum ...
Oil prices rise in anticipation of extended OPEC-led output cut
May 25th, 2017
Oil prices rose ahead of an OPEC meeting on Thursday that is expected to extend output cuts into 2018, adding at least nine months to an initial six-month curb in the first half of this year. Brent crude futures ...
Oil prices stable as market expects extended production cut
May 24th, 2017
Oil prices were stable on Wednesday, supported by confidence that an OPEC-led output cut aimed at tightening supply would be extended to all of 2017 and the first quarter of next year. Brent crude futures rose to $54.18 per ...
Oil prices fall as White House proposes U.S. oil reserve sales
May 23rd, 2017
Oil prices fell on Tuesday after U.S. President Donald Trump proposed the sale of half the country’s strategic oil reserves, even as producer club OPEC and its allies cut output to tighten the market. Brent crude futures LCOc1 were ...
