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Oil Prices

Brent Crude Oil

Oil drops after OPEC-led output cut extension falls below expectations

26/05/2017(0)
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. ... 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 stable as market expects extended production cut

24/05/2017(0)
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 ... Read More
A pumpjack drills for oil in the Monterey Shale

Oil prices fall as White House proposes U.S. oil reserve sales

23/05/2017(0)
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 ... 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 prices climb on hopes output cuts will be extended

19/05/2017(0)
Oil futures rose on Friday to the highest in nearly a month on growing optimism that big producing countries will extend output cuts to curb a persistent glut in ... Read More
High-gas-prices

Oil prices dip as supply remains ample despite output cuts

18/05/2017(0)
Oil prices dipped on Thursday, weighed down by plentiful supply despite ongoing efforts led by OPEC to tighten the market by cutting production. Brent crude LCOc1 was down 18 ... Read More
Oil-prices-petrol-pump

Oil drops on rising U.S. crude inventories, defies expected supply cut extension

17/05/2017(0)
Oil prices fell on Wednesday after data showed an increase in U.S. crude inventories, stoking concerns that markets remain oversupplied despite efforts by top producers Saudi Arabia and Russia ... Read More
A man walks in front of the Novokuibyshevsk refinery near the city of Samara, October 28, 2010. REUTERS/Nikolay Korchekov/File Photo

Oil jumps after Saudis, Russia say supply cut to be extended to March 2018

15/05/2017(0)
Oil prices jumped over 1.5 percent on Monday after the energy ministers of the world’s two biggest producers Saudi Arabia and Russia jointly said that a crude production cut ... Read More
A pumpjack drills for oil in the Monterey Shale

Oil gives up earlier gains as rising US output, China concerns weigh

09/05/2017(0)
Oil prices gave up earlier gains on Tuesday, as concerns over slowing demand and a relentless rise in U.S. crude output undermined the impact of hopes that OPEC-led production ... 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 prices rise on expectation of output cut extension

08/05/2017(0)
Oil prices rose on Monday as Saudi Arabia’s energy minister said an OPEC-led production cut scheduled to end in June would likely be extended to cover all of 2017, ... Read More
Shaybah oilfield complex is seen at night in the Rub' al-Khali desert, Saudi Arabia

Oil prices continue slide; WTI nearing six-month low as supply glut weighs

05/05/2017(0)
Oil prices fell by as much as a further 3 percent on Friday, after prices had crashed to five-month lows in the previous session, as concerns about global oversupply ... Read More
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