Search Results for: OPEC

Asia stocks start Q4 with gains, sterling stumbles

The index climbed 8.8 percent in the third quarter, its best performance since early 2012.

Oct 3, 2016

Oil rises close to $50/bbl; doubts on OPEC plan cap gains

OPEC officials said their plan will remove around 700,000 bpd from the market.

Sep 30, 2016

OPEC set for no deal as Iran rejects Saudi oil output offer

Oil prices LCOc1 have more than halved from 2014 levels due to oversupply.

Sep 28, 2016

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Stocks, Mexico peso bounce as markets foresee Hillary Clinton as winning US presidential elections

Markets see Hillary Clinton as a status quoist, while being unsure of Donal Trump's policies.

Sep 27, 2016

Asian shares fall, brace for bruising US presidential debate

The gloomy mood was likely to continue into the European session, according to financial spreadbetters.

Sep 26, 2016

Oil prices rebound after Algeria says all options open at OPEC meeting

Brent crude futures advanced 42 cents to $46.31 after settling down $1.76, or 3.7 percent.

Sep 26, 2016

Oil climbs as Venezuela sees output deal, Libya suffers clashes

The rise in oil prices is a reaction to Venezuelan comments about producers reaching a possible output agreement.

Sep 19, 2016

Oil hits multi-week lows as growing supplies stoke glut concern

Apart from rising Iranian exports, there are also signs of Nigeria and Libya resuming oil exports, fuelling concerns that a global glut would persist.

Sep 16, 2016

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Kazakhstan President Nursultan Nazarbayev may appoint grandson in succession plan: Report

A weakening economy has triggered top-level changes in oil-rich Kazakhstan by President Nursultan Nazarbayev.

Sep 12, 2016

Oil prices fall as US drillers add new rigs, speculators cut long positions

Traders say the price falls on Monday and Friday were a result of increasing oil drilling activity in the United States.

Sep 12, 2016

Oil edges up, gains limited amid scepticism over freeze deal

Oil prices hit a one-week high on Monday after Russia and Saudi Arabia agreed to cooperate on stabilising the oil market.

Sep 7, 2016

Is the Saudi-Russian oil agreement another false dawn?

The two countries account for over 25% of the worlds crude oil production.

Sep 6, 2016

Saudi Arabia and Russia sign oil pact, could limit output in future

The announcement resulted in a spurt in oil prices as hopes emerged the two top producers would work to stem a global glut.

Sep 5, 2016

Oil prices rebound on weaker dollar despite bigger-than-expected US stock build

A weaker dollar makes greenback-denominated commodities, including oil, cheaper for holders of other currencies.

Sep 1, 2016

Oil prices rise as dollar comes off two-week high

A weaker dollar makes oil purchases cheaper for buyers using other currencies, potentially spurring demand.

Aug 30, 2016

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