Search Results for: OPEC

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Oil prices fall on rising Iraq output, doubt over producer talks

Oil prices fell about 1 percent on Monday over Iraq's increased production; said it would only freeze output if its right to fully regain market share is recognized.

Aug 29, 2016

Oil prices dip as Saudi Arabia dampens prospects of output freeze

International benchmark Brent crude oil prices LCOc1 were trading at $49.55 per barrel.

Aug 26, 2016

Oil prices fall as Canada oil sands fields gradually return

Oil prices fall on US crude stocks build; fears over China demand

Robust Chinese crude demand growth has been driven by independent refiners.

Aug 24, 2016

Oil falls as August price rally seen overblown, China fuel exports jump

Oil prices fell on Monday as analysts doubted upcoming producer talks would rein in oversupply adding that August's more than 20-percent crude rally looks overblown.

Aug 22, 2016

Brent crude oil prices dip on US profit taking

Brent crude oil prices dipped in early Asian trading hours on Friday, but remained near two-month highs with Brent still holding above $50 per barrel in a bull-run.

Aug 19, 2016

Oil prices fall on doubts producers can agree output restraint

Oil prices fell away from 5-week highs, as analysts doubted if producer talks to rein in oversupply would be successful.

Aug 17, 2016

Oil up 4 percent as Saudis mull meeting, tighter market forecast

Oil prices jumped the most in a month, rising more than 4 percent on Thursday, after comments from the Saudi oil minister about possible action to stabilize prices.

Aug 12, 2016

Oil dips on oversupply; calls for producer meeting met with scepticism

International Brent crude futures were at $44.93 per barrel, down 5 cents.

Aug 10, 2016

Oil prices rise on renewed output freeze talks, but fundamentals remain weak

Analysts said that the price rise came on the back of renewed calls by some OPEC members to freeze production.

Aug 8, 2016

Oil futures mixed, face weekly decline as glut fears persist

Iraq's oil exports are set to rise in July, according to loading data and an industry source.

Jul 22, 2016

Oil extends gains, Saudi minister sees market balance

The energy minister of Saudi Arabia agreed that the global oil market is heading toward a balance and that prices are starting to settle

Jul 4, 2016

5 attacks launched on Nigeria Southern's Delta since Friday: Niger Delta Avengers

Attacks in the Niger Delta pushed crude production in the OPEC member to 30-year lows in recent weeks.

Jul 3, 2016

OPEC predicts oil market to balance by end of 2016

Signs of reduction in oil glut was apparent with price settling just below $50 a barrel from the lowly $25 it had reached prior to February.

Jun 13, 2016

OPEC fails to agree on capping output

Tensions between Saudi Arabia and Iran had blighted several previous OPEC meetings.

Jun 3, 2016

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BSE Sensex was Asia's best-performing index in May

The Sensex gained 4 percent in May, despite reversing the five-day winning streak on Tuesday and losing 57 points.

May 31, 2016

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