Thursday 16 August 2018
 
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crude supply

Oil near 6-month high as IEA sees tighter supply

Oil prices rose toward six-month highs on Thursday, supported by data from the International Energy Agency (IEA) showing tightening supply in addition to a surprise drop in US crude inventories. Brent crude futures LCOc1 were trad

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Oil near 6-month high as IEA sees tighter supply

Oil prices rose toward six-month highs on Thursday, supported by data from the International Energy Agency (IEA) showing tightening supply in addition to a surprise drop in US crude inventories. Brent crude futures LCOc1 were trad

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Oil extends losses over Iran supply fears

Oil futures extended losses on Tuesday, as Iran and six world powers ramped up the pace of negotiations to reach a preliminary deal that could ease sanctions and allow more Iranian crude onto world markets. With a deadline less th

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Saudi keeps Asia crude supply steady

Saudi Arabia, the world's top crude exporter, will supply full contracted volumes of crude oil in December to at least three Asian term buyers, unchanged from November, industry sources familiar with the matter said on Monday. The mov

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Kuwait resumes full crude supply to Asia

Kuwait resumed the allocation of full contractual crude oil volumes to Asia from July, ending the imposition of a 5 percent curb in place since February 2009, trading sources said on Monday. The Opec member nation in May imposed a 5 per ce

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Saudi to keep Feb crude supply to Europe major steady

Saudi Arabia will keep its February crude oil supply volume to one European major steady from January, one trade source said on Monday. The world's top crude exporter has kept February oil supply to major Asian buyers largely steady on

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Qatar, Kuwait crude delivery to go as expected

Opec-member Qatar told several term buyers it would supply full contracted crude oil volumes for October, while fellow Gulf state and group member Kuwait cut supplies by 5 per cent for the October-December period, both expected moves. The

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Saudi to trim Asia, Europe crude supply

Saudi Arabia will make bigger oil supply cuts to some of its Asian and European customers next month, industry sources said yesterday. The move was aimed at stepping up the kingdom's efforts to halt the steep slide in prices. W

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Iran cuts crude production by 200,000bpd

Iran has cut oil production by 200,000 barrels per day (bpd) from 4.04 million bpd, in line with an Opec agreement to find ways to support declining crude prices, a director of the state oil company said. 'We are obeying the Opec quota

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Oil rockets to new high above $135

Crude oil soared to a fresh record high above $135 per barrel on Thursday as a surprise drawdown in US crude oil inventories and a weaker dollar prompted heavy fund inflows into the market. Investment funds flocked into the market based on

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