The market will be watching next move from OPEC+ whose Joint Monitoring Committee will meet on Wednesday to recommend next level of cuts
14 Jul 2020 11:34 AM
The prospect of increased US crude production also kept a lid on gains on Friday
26 Jun 2020 9:25 AM
Production from seven major U.S. shale formations is likely to drop to close to a two-year low of 7.63 million barrels per day by July
16 Jun 2020 9:02 AM
Saudi Arabia is proposing to extend record cuts from May and June until the end of the year, but has yet to win support from Russia
01 Jun 2020 9:11 AM
A bleak economic outlook from the U.S. Federal Reserve put downward pressure on oil prices
20 May 2020 9:16 AM
India’s oil demand is expected to reach 6 million barrels per day (bpd) by 2024 from 4.4 million bpd in 2017.
10 Jan 2020 11:38 AM
Brent crude futures soared to a high of USD 70.27 a barrel at 0222 GMT, up USD 1.67, or 2.4 per cent.
06 Jan 2020 10:59 AM
WTI futures, slumped last week by nearly 2 million barrels to their lowest since December.
30 Aug 2019 11:09 AM
Tensions spiked between Iran and the West after Iranian commandos seized a British-flagged oil tanker in the Gulf.
30 Jul 2019 11:05 AM
Brent crude futures for September fell 21 cents to USD 66.51 a barrel.
15 Jul 2019 10:59 AM
Oil companies in the Gulf of Mexico had cut more than 1 million barrels per day (bpd) of output.
12 Jul 2019 10:01 AM
Selected partners will have rights over part of incremental output on top of baseline production from the blocks.
28 Jun 2019 3:25 PM
Oil prices have been squeezing higher on escalating tensions in the Middle East.
26 Jun 2019 10:41 AM
West Texas Intermediate crude was up 70 cents, or 1.2 per cent, at USD 58.13 a barrel.
24 Jun 2019 2:21 PM
US West Texas Intermediate crude gained 44 cents, or 0.8 per cent, to USD 54.34 a barrel.
19 Jun 2019 8:46 AM
Thursday’s tanker attacks in the Gulf of Oman exacerbated the antagonistic fallout from similar blasts in May that crippled four vessels.
17 Jun 2019 8:19 AM
OPEC was close to agreeing to extend a pact on cutting oil supplies beyond June.
15 Jun 2019 2:01 PM
US West Texas Intermediate (WTI) crude was down by 32 cents, or 0.6 per cent, at USD 53.16 a barrel.
05 Jun 2019 9:04 AM
WTI crude futures were at USD 58.70 per barrel, down 44 cents, or 0.7 per cent, from their last settlement.
29 May 2019 8:28 AM
US West Texas Intermediate (WTI) crude futures were at USD 58.54 per barrel, 9 cents below their last settlement.
27 May 2019 9:54 AM