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Opec oil output set to reach record high in JulyOpec's oil output is likely in July to reach its highest in recent history, a Reuters survey found on Friday, as Iraq pumps more and Nigeria manages to export additional crude despite militant attacks on oil installations. Top More… |
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Oil prices dip as Iraq raises exportsOil prices dipped to around $49 a barrel on Monday as Iraq raised its crude exports target ahead of an Opec meeting while Canadian production was set to restart after huge wildfires. Attention turned to a meeting by the Organizati More… |
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Opec November oil output rises, led by Iraq, SaudiOpec oil output has risen in November from the previous month, a Reuters survey found on Monday, led by a rebound in Iraqi exports after bad weather had temporarily halted supply growth from the group's second-largest producer. More… |
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Oil sinks near $66 as China factory activity fallsBrent crude dipped towards $66 a barrel on Monday as weak Chinese data added to demand fears, while near-record supplies from Opec producers maintained worries about oversupply. China, the world's second-largest oil consumer, More… |
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Oil falls from 2015 highs on record Iraq exportsOil prices eased off 2015 highs on Friday after Iraq said its crude oil exports hit a record in April, and prices were pressured also by a stronger dollar. Brent and US crude rallied between 20 and 25 per cent in April, helped by More… |
