Oil halts advance after four-day gain

2017-05-23 09:59

Oil has halted its advance after a four-day gain before OPEC meets to decide on prolonging output cuts by the group and its partners.

Oil extends gain toward $51

2017-05-22 13:12

Oil has extended gains toward $51 a barrel as Saudi Arabia said all producers participating in output cuts agree on prolonging the deal.

Oil extends gain toward $51 as Saudis see output curbs into 2018

2017-05-22 07:30

Oil has extended gains toward $51 a barrel as Saudi Arabia said all producers participating in output cuts agree on prolonging the deal through the first quarter of 2018.

MPs demand answers on 'illegal' fuel stock sale

2017-05-19 13:17

Political parties have again lambasted the "secret" sale of South Africa's strategic fuel stocks and insist on answers from new Energy Minister Mmamoloko Kubayi about the deal.

Oil struck in Trump as flight from risk dumps Opec optimism

2017-05-18 07:50

Oil is getting ensnared in the turmoil surrounding Donald Trump just when signs are emerging that Opec’s output curbs may be taking effect.

Opec risks deal fatigue as maintaining oil curbs get tougher

2017-05-17 10:07

The organisation of Petroleum Exporting Countries has impressed oil traders this year by making almost all the supply cuts it promised. Keeping output down will only get harder.

Oil jumps as Saudis, Russia favour extending output deal

2017-05-15 14:43

Oil has jumped to its highest level in more than two weeks after the Saudi Arabian and Russian energy ministers said they are in favor of extending a production-cut deal.

Oil jumps as Saudis, Russia favour extending output deal to 2018

2017-05-15 07:41

Oil has jumped to its highest level in two weeks after the Saudi Arabian and Russian energy ministers said they are in favour of extending an output-cut deal for nine months.

Asia markets rally as oil prices bounce, global markets ignore Trump's FBI move

2017-05-11 07:56

Asian markets have risen with energy firms providing strong support after a surge in oil prices, while the dollar held gains against the yen.

Oil steadies as Saudi Arabia, Russia say cuts may last into 2018

2017-05-08 14:57

Oil has held onto gains as Saudi Arabia and Russia says they’re prepared to extend production cuts into next year to clear the global surplus.


Oil producers to extend output curbs at Opec meeting

2017-05-23 07:28

Oil producers inside and outside the Opec cartel have little choice but to extend their deal from late 2016 curbing output when they meet in Vienna, analysts say.

Output bets spur oil, pound slips on Brexit fears

2017-05-22 12:14

Oil has advanced a fourth day in the build-up to OPEC’s gathering in Vienna, as speculation grows that production cuts will be extended into next year.

Oil rises above $50 as OPEC members seen backing cuts

2017-05-19 15:01

Oil has risen above $50 a barrel in New York for the first time in three weeks on the expectation that OPEC will reaffirm efforts to drain a global glut.

Opec seen extending oil curbs to ease glut

2017-05-19 07:48

Opec will extend an accord that trims production, even as surging US output threatens the group’s goal of draining excess supply, according to a Bloomberg survey.

Oil gains before US supply data as producers back longer cuts

2017-05-17 13:50

Oil has risen in New York before the release of US government data on oil inventories as more producers backed the extension of supply cuts to balance the market.

Oil gains as Goldman sees Saudi-Russia proposal backed by others

2017-05-16 07:19

Oil has ridden its longest rising streak in over a month as a proposal by key crude producers to extend output curbs into 2018 boosted confidence that other nations will follow suit.

Oil jumps with commodity currencies on output deal

2017-05-15 11:15

Crude has rallied on the prospect a deal to cut global supply will be extended, leading a broader advance across commodities.

Commodity rout shows signs of easing as oil rises

2017-05-12 10:39

Gold has climbed a second day and oil has been headed for the first weekly advance in a month as a rout in commodity markets showed signs of easing.

Oil rises as industry report shows US supplies fell

2017-05-10 11:24

Oil has risen after industry data showed US crude stockpiles declined for a fifth week, trimming an inventory overhang.

Oil extends rebound as selloff seen ignoring tightening supply

2017-05-08 09:35

Oil has extended gains as Goldman Sachs and Citigroup warned the crude market is tightening and that the selloff to the lowest in five months wasn’t based on fundamentals.

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