Thursday 8 December 2016
 
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Crude

Brent soars above $52 after Opec deal

Oil prices soared today following a decision by Organization of the Petroleum Exporting Countries and Russia to cut output in a bid to boost oil price. US crude oil gained 9 percent to reach $50 a barrel for the first time since l

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Brent soars above $52 after Opec deal

Oil prices soared today following a decision by Organization of the Petroleum Exporting Countries and Russia to cut output in a bid to boost oil price. US crude oil gained 9 percent to reach $50 a barrel for the first time since l

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Oil prices stay strong at over $50/barrel

Oil prices settled above $50 in early Asia trade Friday, owing to declining US inventories and reports that key members of the Organization of the Petroleum Exporting Countries (Opec) and Russia will meet next week to discuss Russia’s part

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Opec agrees oil output cuts in first deal since 2008

Opec agreed on Wednesday modest oil output cuts in the first such deal since 2008, with the group's leader Saudi Arabia softening its stance on Iran amid mounting pressure from low oil prices. "Opec made an exceptional de

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Aramco CEO says studies several foreign exchanges for 2018 listing

Saudi Aramco continues to look at several overseas exchanges including New York, Hong Kong and London for a listing in 2018 of a part of the state-owned oil company, CEO Amin Nasser said.   "This thing will

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Oil rises 2pc after US inventory drop

Oil rose 2 percent on Thursday, heading for its largest weekly gain in a month, after a surprisingly large drop in US crude inventories emboldened investors ahead of next week's meeting between Opec members and Russia to discuss supply.

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Iran crude oil exports seen at 2.2 mbpd

Iran's crude oil exports are expected to rise to 2.2 million barrels per day (bpd) in September, a senior official at the National Iranian Oil Company (NIOC) said, as it moves towards regaining market share lost during sanctions.

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Oil edges down on global oversupply worries

Crude prices inched down on Monday in Asia, paring 3 per cent gains in the previous session amid worries over a global oil glut. London Brent crude for November delivery LCOc1 was down 18 cents at $46.65 a barrel by 2245 GMT (6.45

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Oil edges down on global oversupply worries

Crude prices inched down on Monday in Asia, paring 3 per cent gains in the previous session amid worries over a global oil glut. London Brent crude for November delivery LCOc1 was down 18 cents at $46.65 a barrel by 2245 GMT (6.45

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Oil falls as August price rally seen as overblown

Oil prices fell on Monday as analysts doubted upcoming producer talks would be able to rein in oversupply, saying that Brent would likely fall back below $50 a barrel as August's more than 20-per cent crude rally looks overblown.

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