Search Results for: Saudi Arabia
Oil prices soar on global producer deal to cut crude output
December 12th, 2016
Oil prices shot to their highest levels since mid-2015 on Monday after OPEC and other producers reached their first deal since 2001 to jointly reduce output in order to rein in oversupply and prop up markets. Brent crude, the ...
Crude imports by China will probably slow by more than 60 percent in 2017
December 8th, 2016
China demand growth seen slowing as space for stockpiles fills Asia’s biggest buyer also seen reining in private refiners One of the biggest engines soaking up the world’s oil is starting to sputter. Growth in crude imports by China, the second ...
Oil price heads to $55 despite expected output rise
December 6th, 2016
Russia and Saudi Arabia predicted to increase exports before agreed cuts start in January The oil price is powering on, adding to a 14 per cent advance since the middle of last week following the landmark deal from Opec ...
Oil price rally likely short-lived as OPEC deal not enough to reduce glut
December 2nd, 2016
The oil price rally sparked by an OPEC-Russia deal to cut output is likely to be short-lived, say traders in Asia, because the agreement may only draw more supplies from storage tanks and more crude shipments from the United ...
What the OPEC Production Cut Will Really Mean for Oil Prices
December 1st, 2016
Crude oil prices–and the shares of U.S. oil and gas companies–surged over 8% Wednesday as the Organization of Petroleum Exporting Countries (OPEC) agreed to cut its output by some 1.2 million barrels a day to end a global glut. ...
Oil prices surge, smash trading volume records as OPEC and Russia agree output cut
December 1st, 2016
Oil prices shot up 13 percent, smashing trading volume records, after OPEC and Russia cut a deal to reduce output to drain a global supply glut, but analysts warned they could remain modest by historical comparison as other producers ...
The dollar climbed 0.4 percent to 112.78 yen
November 30th, 2016
Output pact under threat as day of Vienna meeting dawns Greenback climbs with Treasuries premium at nine-year high Oil held below $46 a barrel ahead of a make-or-break OPEC meeting on stabilizing the crude market, while the dollar headed ...
Oil Retreats Below $47 Before OPEC Meeting as Metals Snap Rally
November 29th, 2016
Copper suffers in first loss for seven days; zinc, nickel down European stocks open lower with Italy focus; Asia shares mixed Oil retreated back below $47 as OPEC members failed to bridge their differences on production cuts, while a ...
Oil prices fall over doubts of planned crude output cut
November 28th, 2016
Oil prices fell on Monday, adding to Friday’s steep losses as doubts re-emerged over the ability of major producers to agree output cuts at a planned meeting on Wednesday aimed at reining in global oversupply. Brent crude futures LCOc1 ...
Dollar Extends Retreat as Metals Advance With Asian Equities
November 28th, 2016
Oil in New York holds losses near $46 before OPEC meeting Lead, zinc surge; emerging currencies, gold also advance The dollar fell the most since September versus major peers as traders focused on events this week that could derail ...
