Tag: oil prices
Oil prices drop further on supply as Britain’s EU exit is...
Oil prices tumbled again Wednesday as traders grew concerned about the chances of Britain leaving the European Union (EU) while news of a surprise...
Oil prices add to gains after US supplies drop
Oil prices extended their gains to multi-month highs Thursday following another drop in US supplies and the prospect of further disruptions to output from...
Oil mixed as traders await China data, OPEC meeting
Oil prices were mixed on Tuesday as investors awaited manufacturing data from China ahead of an OPEC meeting on production caps.
Volumes were thin after...
Oil prices dip after Iran says it won’t freeze output
Oil prices dipped in Asia Monday after Iran said it has no plans to join any output freeze by other major crude producers.
The Organisation...
Oil prices fall after news of possible Saudi oilfield expansion
Crude prices fell in Asia Monday following a report saying Saudi Arabia could maintain its total production capacity with the expansion of an oilfield,...
Saudi Arabia unveils far-reaching plan to move away from oil
Saudi Arabia said Monday it would create the world’s largest wealth fund and sell shares in state energy giant Aramco as it unveiled a...
OPEC cuts 2016 oil demand growth forecast, warns of more
OPEC on Wednesday cut its forecast for global oil demand growth in 2016 and warned of further reductions citing concern about Latin America and...
Oil prices rise in Asia as Doha meeting, US report loom
Crude prices rose in Asia Monday, extending last week's gains after data showing a drop in US production, as traders look ahead to an...
Oil prices edge up on lower US rig numbers
Oil prices edged up in Asia on Monday, recovering slightly from last week s decline, but analysts said traders would likely delay any big moves until next month s meeting...
Oil prices edge up from day’s lows; supply freeze talks in...
Oil prices rallied on Monday, reversing earlier losses, as the market digested news of a modest rise in US drilling activity, though uncertainty lingered...
Oil extends losses under $40
World oil prices sank on Tuesday, sliding further below $40 per barrel, as hopes faded that major crude producers would freeze output levels to...
Saudis and Russia agree oil output freeze, Iran still an obstacle
Top oil exporters Russia and Saudi Arabia agreed on Tuesday to freeze output levels but said the deal was contingent on other producers joining...
PA passes resolution demanding cut in oil prices
The Sindh Assembly on Monday demanded cut in oil prices so as to transfer the benefit of massive reduction of oil prices globally to...
OPEC pleads for Russian alliance to smash oil speculators
The OPEC oil cartel has issued its strongest plea to date for a pact with Russia and rival producers to cut crude output and...
World stocks resume slump as oil hits new low
Global stocks suffered another rout Wednesday as oil prices slid to fresh 12-year lows under $28, heaping further pressure on financial markets from London...
Asian markets extend losses as oil sinks below $28
Oil prices plunged below $28 a barrel early Monday, hitting energy firms and extending losses across Asian markets after sanctions were lifted against Iran,...
Oil prices rebound after falling below $30
Oil prices rebounded in Asia Wednesday, halting a plunge that saw them fall below $30 a barrel for the first time in more than...
