HOT TOPICS
ARTICLES RELATING TO OIL

Oil set for third weekly drop as rising US output blunts cuts

2017-08-18 10:52

Oil has headed for a third weekly drop as US crude output rose to a two-year high and Chinese refining slowed.

Nigeria seeks to diversify from oil with $41bn of rail

2017-08-16 12:28

Nigeria has started a $41bn railway expansion to reduce dependence on oil and diversify its struggling economy by improving transport links.

Oil halts slide below $48 as US stockpiles seen extending drop

2017-08-15 09:34

Oil has halted losses below $48 a barrel ahead of US government data forecast to show crude stockpiles extended declines.

Oil slides toward $48 as skepticism over Opec cuts returns

2017-08-11 10:13

Oil investors are back to being skeptical over whether Opec-led production cuts are draining a global glut fast enough, keeping prices below $49 a barrel.

Opec boosts demand outlook for its oil as fuel use strengthens

2017-08-10 14:43

Opec has boosted estimates of demand for its crude this year and next amid stronger-than-expected fuel consumption and a weaker outlook for rival supply.

Oil trades near $49 as talks on output cut compliance continue

2017-08-08 08:41

Oil has traded near $49 a barrel as officials conducted meetings in Abu Dhabi with producers to examine why some are shirking their commitment to reduce output.

Oil trades near $49 before Opec talks on output cut compliance

2017-08-07 07:55

Oil has traded near $49 a barrel before representatives of Opec nations meet with their allies to discuss why some of them are falling behind in pledges to reduce production.

Oil retreats after 2017's best week

2017-08-04 13:34

Oil is back down again following the year’s biggest rally as investor focus shifted to rising output from the US and OPEC.

Oil near $49 as investors await US crude stockpile data

2017-08-02 15:15

US oil has traded near $49 a barrel as investors await US data following a report inventory unexpectedly expanded.

Oil near $50 as traders await US reaction to Venezuelan vote

2017-07-31 14:31

Oil has traded near $50 a barrel in New York as efforts by Venezuela’s president to seize more power raised speculation the US could step up sanctions.

 

Oil holds near 3-week low as US output climbs to two-year high

2017-08-17 09:37

Oil has held losses near the lowest close in more than three weeks as investors weigh expanding US crude output against an extended decline in stockpiles.

Opec's oil fight morphs from skirmish to years-long campaign

2017-08-16 07:55

When Opec and Russia first embarked on their strategy to clear a global oil glut, it was expected to succeed within six months. It now looks like the battle could last for years.

Oil stuck in loop leaves bored hedge funds awaiting clarity

2017-08-14 07:23

Oil hasn’t been so tedious in a long time, and hedge funds just don’t know what to do with it.

Oil is back in the doldrums as skepticism over Opec cuts returns

2017-08-11 07:19

Oil investors are back to being skeptical over whether Opec's output curbs are shrinking a market glut fast enough, keeping prices below $49 a barrel.

Oil holds gains above $49 as US crude stockpiles extend drop

2017-08-10 08:50

Oil has held gains above $49 a barrel as US production eased and crude inventories extended declines, trimming a glut.

Oil trades near $49 as prices still capped by sufficient supply

2017-08-07 11:30

Oil has traded near $49 a barrel in New York amid speculation that plentiful supplies will continue to thwart any further rallies.

Oil majors gushing in cash despite cheap crude

2017-08-06 14:57

The prospect of crude remaining near the current $50 level is no longer a doomsday scenario for the world's oil majors.

Oil nears $50 as traders weigh US stockpile drop, output gain

2017-08-03 11:58

Oil has traded near $50 a barrel as investors weighed declining US stockpiles against rising output.

Oil holds gains above $50 as US stockpiles seen extending drop

2017-08-01 08:42

Oil has held gains above $50 a barrel before US government data forecast to show crude stockpiles extended declines, trimming a glut.

Oil rises over $50 as OPEC set to meet with allies on compliance

2017-07-31 07:22

Oil has risen above $50 for the first time since May after OPEC said the group and its partners will meet next week to discuss why some nations are falling behind on their pledge to cut production.

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