Search Results for: Russia
Oil clings to gains as stockpiles rise for seventh week
February 24th, 2017
Oil prices held gains on Friday on data showing U.S. stockpiles rose for a seventh straight week but at a pace that was well below expectations, and news of oil being sold out of storage in Southeast Asia. U.S. ...
Crude oil rises after report shows drop in stockpiles
February 23rd, 2017
Oil futures climbed nearly 1 percent on Thursday after data showed a surprise decline in U.S. crude stocks as imports fell, supporting the view that a global glut is ending. The U.S. West Texas Intermediate crude April contract CLc1 ...
U.S. oil holds near seven-week high; OPEC upbeat on output curbs
February 22nd, 2017
Oil prices held near multi-week highs on Wednesday after OPEC signaled optimism over its deal with other producers to curb output to clear a glut that has weighed on markets since 2014. The U.S. West Texas Intermediate April crude ...
Oil firms as OPEC floats extended output cut; markets still bloated
February 17th, 2017
Oil prices edged up on Friday, lifted by a report that producer club OPEC could extend an output cut aimed at reining in a global fuel supply overhang. Brent crude futures were trading at $55.76 per barrel at 0311 ...
Huge gas finds in Mediterranean Sea waiting to be tapped
February 16th, 2017
Huge gas finds in Mediterranean Sea waiting to be tapped As the helicopter roars its way west from the Tel Aviv coast, two dots emerge from the featureless blue. Closer up, they begin to take shape: Giant platforms for ...
Oil prices steady on OPEC cuts, but record U.S. fuel stocks weigh
February 16th, 2017
Oil prices held steady on Thursday, supported by ongoing supply cuts led by producer group OPEC, while rising fuel inventories and crude production in the United States dragged on prices. Brent crude futures were trading at $55.74 per barrel ...
Oil rose on OPEC-led cuts, but market remains range-bound
February 14th, 2017
Oil rose on Tuesday, supported by an OPEC-led effort to cut output, but rising production elsewhere kept prices within the narrow range that has contained them so far this year. Brent crude futures LCOc1, the international benchmark for oil ...
Dollar slumps, yen strengthens
February 14th, 2017
Dollar slumps after Flynn resigns as national security adviser Japan shares fall as yen strengthens; Hong Kong equities swing Japanese stocks fell, taking the momentum out of a global rally after U.S. benchmarks surged to a fresh round of ...
What Kuwait forecast for oil prices
February 13th, 2017
Kuwait says oil prices to rise with higher level of output deal compliance Kuwaiti oil minister Essam Al Marzouq said on Monday current oil prices were good and are expected to rise with higher compliance to an output reduction ...
Oil prices slip back; traders await OPEC report
February 13th, 2017
Oil prices slip back; traders await OPEC report Crude futures slipped on Monday as investors booked profits ahead of a key data that would indicate the progress of an ongoing multi-country effort to cut back oil production. “Traders will ...
