Saturday 30 May 2015
 
»
Tag
 
»
Opec

Oil jumps 5pc as dollar rally stalls, US rigs fall

Crude oil prices jumped almost 5 per cent on Friday, their biggest rally in 1-1/2 months, as a steady US dollar and a bigger than expected drop in US oil rigs in operation set off a renewed rush of bullish bets. US crude has risen

More…

Oil jumps 5pc as dollar rally stalls, US rigs fall

Crude oil prices jumped almost 5 per cent on Friday, their biggest rally in 1-1/2 months, as a steady US dollar and a bigger than expected drop in US oil rigs in operation set off a renewed rush of bullish bets. US crude has risen

More…

Oil gains 1pc after US stocks drop for 4th week

Crude futures rose about one per cent on Friday after American inventories fell for a fourth straight week although prices are set for a weekly drop on a stronger dollar. Oil saw steep falls earlier this week as a resurgent dollar

More…

June Opec meeting 'won't cut output'

Opec is not expected to cut oil production at its meeting in June, and the meeting is expected to be a short one, Saudi Arabia's Al Hayat newspaper quoted an unnamed Opec source as saying on Thursday. Saudi Arabia will continu

More…

June Opec meeting 'won't cut output'

Opec is not expected to cut oil production at its meeting in June, and the meeting is expected to be a short one, Saudi Arabia's Al Hayat newspaper quoted an unnamed Opec source as saying on Thursday. Saudi Arabia will continu

More…

Return of crude/dollar trade fuels oil market dilemma ahead of Opec

A once-popular pair trade pitting the US dollar against oil prices has re-emerged in recent weeks, injecting a new wildcard into the market just as the Organization of the Petroleum Exporting Countries prepares to meet.  

More…

Iran says Opec unlikely to change output ceiling

The Organization of the Petroleum Exporting Countries (Opec) is unlikely to change its production ceiling when the group meets in June, Iran's Oil Minister Bijan Zanganeh said, according to the semi-official Mehr news agency.

More…

Saudi Arabia, partners turn down Chinese requests for extra oil

Saudi Arabia and its main Middle East Opec partners are turning down Chinese requests for extra oil as they hold back fuel for their own refineries just as demand from the world's biggest crude importer hits new records.  

More…

Eastern Libyan state oil firm Agoco produces 270,000 bpd

Libyan state oil company The Arabian Gulf Oil Co (Agoco), which is active in the east of the Opec member country, is producing about 270,000 barrels a day of crude, unchanged from a week ago, a company spokesman said.  

More…

Goldman cuts oil price forecasts for next 5 years

Goldman Sachs slashed its crude oil price forecasts for 2016 to 2020, citing improved US shale efficiency meeting global oil demand, coupled with unimpeded Opec productivity. "We see global oil demand being met by U.S. shale,

More…
 1 2 3 4 5 >  Last ›

calendarCalendar of Events

Ads