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Oil Prices Rally on Venezuelan Supply Disruptions
Oil prices rallied on Thursday to pare some of the prior session's losses, propped up by declining exports by OPEC-member Venezuela.Venezuela, a member of the OPEC,is lagging in shipping crude to clients from its main oil export port for almost a month, according to Reuters data, as chronic postponements threaten to breach state-run PDVSA's crude supply contracts if they are not quickly delivered...
2018-06-07 02:55:00 UTC+00
183565
Oil,
Investments,
Commodity
Oil Prices Climb amid Venezuela Export Worries
Global oil prices advanced during Asian trade after Venezuela increased their prospect of holding off some crude exports, according to people privy to the matter, but gains were limited by reports that the U...
2018-06-06 05:53:00 UTC+00
31120
Oil,
Investments,
Commodity
Gold Prices Inch Higher as Dollar, U.S. Yields Fall
Gold prices edged up in early Asian trade on Wednesday as the U.S. dollar and Treasury Yields fell amid persistent worries regarding global trade after the U...
2018-06-06 05:31:00 UTC+00
29515
Oil,
Investments,
Commodity,
Metal
Oil Prices Climb on Projected Inventory Drop
Oil prices recovered on Tuesday after sliding in the prior session on expectations that stockpiles in the U.S. may fall. However, increasing U.S. output and worries that OPEC may boost production continue to affect sentiment...
2018-06-05 07:22:00 UTC+00
20560
Oil,
Investments,
Commodity,
Energy
Oil Prices on Steady Footing as Record U.S. Production Offset Strong Demand
Oil prices stabilized on Monday as U.S. output reached a record high and OPEC members mulled boosting production to balance the increasing global demand...
2018-06-04 10:47:00 UTC+00
12820
World Economy,
Oil,
Investments,
Commodity
Crude Oil Prices Rebound, but Record U.S.Production Weighs
Crude oil futures recovered from earlier losses on Friday, but the U.S. benchmark price was poised for declines for the second week, weighed down by record U...
2018-06-01 07:51:00 UTC+00
13900
Oil,
Investments,
Commodity
Oil Prices Edge Down as Traders Eye OPEC Supply Decision
Oil prices fell on Thursday, after sharp increases in the prior session, pulled down by an unexpected rise in U.S. crude oil stockpiles and expectations that OPEC and other producers could rule to boost output at a meeting in June...
2018-05-31 06:13:00 UTC+00
12145
Oil,
Investments,
Commodity
Oil prices Slide Amid Concerns Saudi Arabia, Russia Could Boost Supply
Oil prices edged down on Wednesday amid worries that Saudi Arabia and Russia will produce more crude in the second half of 2018 in response to declining global crude stockpiles and increasing consumer prices...
2018-05-30 06:08:00 UTC+00
13540
Oil,
Investments,
Commodity
WTI Declines on OPEC Boost Threat
U.S. crude futures edged down over $1 on Tuesday on concerns that Saudi Arabia and Russia will produce more crude to bolster supplies after over a year of reducing global inventories...
2018-05-30 00:29:00 UTC+00
10375
Oil,
Investments,
Commodity
Oil Prices Mixed, Expected Production Boost Weighs on Market
Oil prices were mixed in Asian trading, but continued to be pressured by expectations that Saudi Arabia and Russia would increase production to ease a possible shortfall in supply...
2018-05-29 06:52:00 UTC+00
15475
Oil,
Investments,
Commodity
Record U.S. Crude Volumes Affect Russia, OPEC Market Share in Asia
Record crude oil volumes will be exported by the U.S. to Asia in the following months to bite into Russia and OPEC's market share in the region.The U.S...
2018-05-29 04:08:00 UTC+00
14935
Russia,
Oil,
Commodity
Oil Skids to Multi-Week Lows on Concerns of Increasing Supplies
Oil prices continued to decline on Monday as Saudi Arabia and Russia said they may boost supplies while U.S. output showed no indication of abating.Brent crude futures stood at $75...
2018-05-28 23:20:00 UTC+00
9520
Oil,
Investments,
Commodity
Oil Tanks as OPEC, Russia Mull Boosting Production Amid U.S. Surge
Oil prices edged down on Monday, adding to steep declines from Friday as OPEC's de-facto leader Saudi Arabia and Russia said they may boost output and as U...
2018-05-28 05:52:00 UTC+00
19210
Oil,
Investments,
Commodity
Russia’s Energy Minister Says Oil Production Could Revert to October 2016 Level
Russia's energy minister, Alexander Novak, said that a return to the oil production levels that were observed in October 2016, the baseline for the present agreement to reduce production, is one of the options for lifting curbs...
2018-05-28 00:27:00 UTC+00
9490
Oil,
Investments,
Commodity
Oil Slides after Rally, OPEC May Relax Production Curbs
Oil prices fell on Wednesday as the market experienced a respite on expectations that OPEC may lift production as early as June, despite geopolitical risks providing support for the market...
2018-05-23 02:46:00 UTC+00
14875
Oil,
Investments
OPEC May Rule to Loosen Oil Supply Curbs in June, Sources Say
Members of OPEC may decide to increase oil production as early as June due to concerns over Iranian and Venezuelan supply and after the Trump administration raised worries that the oil rally was going on for too long, according to OPEC and oil industry sources privy to the matter...
2018-05-23 01:38:00 UTC+00
13090
Oil,
Investments,
Commodity
Oil Prices Climb on Venezuela, Iran Supply Concerns
Oil prices rallied on Tuesday on worries that Venezuela's crude production could further decline after a controversial election and potential U.S. sanctions on the OPEC-member...
2018-05-22 06:58:00 UTC+00
16750
Oil,
Investments,
Commodity
Oil Prices Rally as Markets React to Latest U.S.-China Trade War Development
Oil prices edged up on Monday, as markets reacted to reports that China and the U.S. have put an impending trade war between the two countries “on hold...
2018-05-21 05:57:00 UTC+00
12220
Oil,
Investments,
Commodity
Iran Says Oil Export Slide not Expected if EU Salvages Nuclear Pact
Iranian Oil Minister Bijan Zanganeh said that the Trump administration's decision to abandon a multinational nuclear agreement will not have repercussions on Tehran's oil exports if the European Union could save the deal...
2018-05-20 23:44:00 UTC+00
11815
Policy,
Oil,
Investments,
Commodity,
Sanctions
Oil Prices Prices Steady on OPEC Cuts, Solid Demand, Impending Iran Sanctions
Oil prices held steady on Friday on solid demand, ongoing production cuts led by producer cartel OPEC and U.S. sanctions against Iran, a major crude exporter...
2018-05-18 08:26:00 UTC+00
15115
Oil,
Investments,
Commodity
Asia Oil Cost to Surpass $1 Trillion in 2018 as Crude Touches $80 per Barrel
The price of Asia's increasing appetite for oil will top $1 trillion this year, around twofold of the cost in 2015 and 2016, as oil prices reached $80 per barrel and continental demand hits a record...
2018-05-18 03:09:00 UTC+00
14845
Oil,
Investments,
Commodity
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