Sunday 20 April 2014
US oil

US oil imports to halve by 2020

Rising oil and gas production and improving energy efficiency in the US could slash its oil imports in half by the end of 2020 from levels seen two years ago, the West's energy watchdog said on Wednesday. The Paris-based Inter


Oil holds above $108 on demand hopes

US oil continued to trade above Brent futures on Monday after flipping to a premium for the first time since 2010 in the previous session, while both benchmarks held firmly above $108 a barrel amid hopes of a revival in global demand growth.


US oil boom 'will meet new global demand'

  US shale oil will help meet most of the world's new oil demand in the next five years, even if the global economy picks up steam, leaving the need for Opec crude barely changed from today'


Brent slips to $126 as Saudi fears ease

Brent crude futures slipped to $126 on Friday, coming off an 11-month high, as fears of a supply disruption from Saudi Arabia eased and the market focused on lower seasonal demand for oil in the coming months. Oil prices had surged nearly


US oil firms on weak dollar, Brent slips

US crude turned positive on Thursday as the dollar weakened  further, while ICE Brent slipped ahead of its expiry and on concerns over further global economic slowdown. By 0930 GMT, US crude for August rose 33 cents to $98.38 a barrel


Brent above $119, US oil at 2.5-year peak

Brent crude rose over $119 a barrel and US crude hit a 2-1/2-year high on Monday at more than $108 as unrest in the Middle East and North Africa triggered concern that supplies could be dented while economic growth bolsters demand. Commen


Oil slips $1 on Opec output move

US crude accelerated a drop towards $104 a barrel after the Kuwaiti oil minister said Opec is in talks to increase production. Opec is in consultations regarding a potential output rise, Kuwait's Oil Minister said on Tuesday, but added tha

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