Saturday 28 March 2015
 
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oil supply

Opec supply hits lowest since June on Iraq

Opec's oil supply fell in February as bad weather delayed exports from Iraq's southern ports, a Reuters survey found, slowing an expansion of supplies in the group's second-largest producer. The survey also found sligh

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Opec oil output plunges 350,000 bpd in Feb

The crude oil output from Organisation of the Petroleum Exporting Countries (Opec) has fallen by 350,000 bpd in February, below its target of 30 million bpd, according to a Reuters survey. The organisation had at a meeting on Nove

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Oil falls sharply as US inventories, Saudi output rise

Brent crude oil prices slipped below $59 a barrel on Thursday after another big weekly build in US crude inventories and a possible rise in Saudi output stoked worries about oversupply. US crude stocks rose by 14.3 million barrels

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Oil supply glut abating? US crude stock build-up slows

Brent crude held steady above $56 a barrel on Wednesday, and US crude rose briefly more than $1, after a smaller than expected rise in US crude stocks were viewed by some as a sign that a supply glut was starting to abate. The gai

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Saudi crude oil supply inches up in November

Crude oil supplies from Saudi Arabia inched up in November from a month earlier, an industry source said, signalling no change in the kingdom's supply, despite a global oil glut and a steep fall in prices. Saudi supplied 9.420

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Oil near $91 on global growth, oil glut fears

Brent crude futures fell to just above $91 a barrel on Wednesday, holding to a months-long tumble in prices as lower economic growth forecasts raised new concerns about global oil demand amid rising US inventory levels. The Intern

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Oil falls to near $92 on strong dollar, surplus

Brent crude futures fell to near $92 a barrel on Monday, extending this year's rout that saw the international benchmark hit a 27-month low in the previous session due to a strong US dollar and ample oil supply. Brent lost nea

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Oil holds above $98 on Mideast concerns

Brent crude nudged higher to stay above $98 a barrel on Thursday amid geopolitical concerns in the Middle East, although worries about ample supply and weak demand that dragged prices to 17-month lows in the previous session kept a lid on gains.

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Brent falls below $102; near 14-month low

Brent crude fell below $102 a barrel on Monday, drawing close to a 14-month low hit last week, as ample supply and a stronger US dollar continued to pressure oil markets. Geopolitical tensions in Ukraine and Libya underpinned oil,

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Kerry, Saudi King discuss global oil supplies

US Secretary of State John Kerry and Saudi King Abdullah briefly discussed global oil supplies during a meeting on the crisis in Iraq on Friday, a senior State Department official said. During the talks, Kerry referred to recent c

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