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Brent crude

A fuel tanker navigates near Cienfuegos Oil Refinery southeast of Havana

Oil prices dip as rising U.S. supplies offset OPEC cuts

01/02/2017(0)
Oil dipped on Wednesday, weighed down by ongoing high supplies despite an OPEC-led production cut, but prices remained within a narrow trading band that has been in place since ... Read More
High-gas-prices

Oil prices fall as rising U.S. output offsets OPEC-led cuts

31/01/2017(0)
Oil prices fell on Tuesday as rising U.S. drilling activity offset efforts by OPEC and other producers to cut output in a move to prop up the market. Brent ... Read More
A pump jack used to help lift crude oil from a well in South Texas’ Eagle Ford Shale formation stands idle in Dewitt County Texas

Oil extends declines on rising U.S. output

30/01/2017(0)
Oil prices extended declines on Monday, dragged down by signs of growing output in the United States that could partly offset output cuts by OPEC and other producers. Uncertainty ... Read More
FILE PHOTO: A worker walks atop a tanker wagon to check the freight level at an oil terminal on outskirts of Kolkata

Oil prices rose

26/01/2017(0)
Oil prices rose on Thursday, driven up by a weakening dollar, but gains were capped by plentiful supplies and inventories despite an effort by OPEC and other producers to ... Read More
Oil-prices-petrol-pump

Oil rises on weaker dollar, U.S. production outlook caps gains

18/01/2017(0)
Oil prices rose on Wednesday with a weaker dollar underpinning the market, although gains were limited by expectations that U.S. producers would boost output. U.S. West Texas Intermediate (WTI) ... Read More
Oil Prices, A worker checks the valve of an oil pipe at Lukoil company owned Imilorskoye oil field outside the Siberian city of Kogalym

Oil prices edge up on weaker dollar, expected crude output cuts

16/01/2017(0)
Oil prices inched up on Monday, supported by a weaker dollar and expectations that OPEC and other producers will cut output as part of a deal to curb global ... Read More
Oil-prices-petrol-pump

Oil prices start the week lower after jump in U.S. rig count

09/01/2017(0)
Oil prices were lower early on Monday as drilling activities in the U.S. intensified last week, stoking concerns that the effort by global oil producers to curtail oversupply could ... Read More
High-gas-prices

Oil prices soar on global producer deal to cut crude output

12/12/2016(0)
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 ... Read More
oil

Oil slips on doubts that output cut will be deep enough to end glut

07/12/2016(0)
Oil prices slipped on Wednesday on persistent doubts whether a planned crude production cut led by OPEC and Russia would be deep enough to end a supply overhang that ... Read More
Derricks at Yuganskneftegaz oil processing facility at Mamontovskoye oilfield outside the Siberian ...

Oil price heads to $55 despite expected output rise

06/12/2016(0)
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 ... Read More
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