Energy prices rebalancing after Opec accord: Qatar

8 minutes ago

Global energy markets are heading to a rebalancing in the next years after oil prices fell to historic lows due to oversupply, says Qatar's energy minister.

Oil, mining giants detail road map to reduce carbon by half

2017-04-25 10:54

A group of companies and non-profit agencies that includes Shell and BHP Billiton says global greenhouse gas emissions could be cut in half by 2040.

Oil rises as OPEC committee backs extending cuts

2017-04-24 08:00

Oil has risen the first time in six days as an OPEC-led committee is said to back prolonging supply cuts and as investors favoured riskier assets after the first round of French presidential elections.

OPEC gets a surprise after oil cuts: Higher stockpiles

2017-04-20 10:32

When OPEC and Russia meet next month to assess the impact of their oil cuts they face a surprising outcome: stockpiles are even higher than when they started.

Oil loses momentum on concern over supply

2017-04-18 09:03

Oil is losing momentum after the longest weekly rally in two months, with confidence that US crude stockpiles are beginning to shrink.

Alaskan oil well leaking gas

2017-04-16 08:00

Crews in Alaska are trying to shut down an oil well that is leaking flammable, explosive gas on the frozen North Slope.

Oil in biggest rally since December

2017-04-12 07:25

Oil is riding the longest winning streak since December on optimism Saudi Arabia will support an extension to the Opec-led output cuts just as US stockpiles show signs of shrinking.

Oil holds near $53 as US crude stockpiles seen falling

2017-04-11 09:37

Oil has traded near $53 a barrel after the longest winning streak since December before US government data forecast to show record crude stockpiles declined.

Crude prices jump after US strikes on Syria

2017-04-07 14:23

Oil prices have rallied after a US missile strike against Syria sparked fears that an escalation of the conflict in the crude-rich Middle East could disrupt supplies.

Oil extends gain as eyes back on US supply

2017-04-05 09:03

Oil has extended gains to the highest level in almost a month, with investor focus shifting back to US crude inventories after supply disruptions.


Oil trades below $50 amid mixed signals

2017-04-26 11:39

Oil has traded below $50 a barrel in New York amid conflicting signs on whether US crude stockpiles are retreating.

Oil rises after five-day slide as markets rally

2017-04-24 14:32

Oil has risen for the first time in six days as an OPEC-led committee was said to back prolonging supply cuts and as other markets rallied.

Oil set for biggest weekly loss since early March

2017-04-21 11:42

Oil has been headed for its biggest weekly loss since March as signals from OPEC that it will persevere with output cuts failed to offset evidence that US supplies are plentiful.

Oil falls to one-week low on signs of rebound in US

2017-04-18 15:48

Oil has dropped to the lowest in more than a week on signs US output is rebounding, undermining OPEC’s efforts to clear a global glut.

Bullish oil bets gain on signs OPEC cuts to outdo US boom

2017-04-17 07:56

OPEC is finally making some headway in its race against the tide of surging US supplies, and speculators are giving the group greater credence.

Oil inventories rose in first quarter despite OPEC cut

2017-04-13 10:33

Global oil inventories have probably increased in the first quarter despite OPEC’s near-perfect implementation of production cuts, says the International Energy Agency.

Oil holds longest run of gains this year

2017-04-11 11:00

Oil has traded near $53 a barrel, holding its longest winning streak this year before US government data forecast to show record crude stockpiles declined.

Oil extends gain above $52 as Russia weighs output cut extension

2017-04-10 07:52

Oil has headed for its highest settlement in a month as Russia weighs an extension to production cuts, offsetting concern rising US production will exacerbate a global glut.

Oil extends gain above $51 as focus returns to US

2017-04-05 15:19

Oil has risen to the highest in almost a month as investor focus returned to US crude inventories after supply disruptions.

Oil rally fizzles as prices made vulnerable

2017-04-04 09:09

Oil’s rally above $50 a barrel is running out of steam.

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