Advertisements



Oil slides as OPEC ties supply cut to Russia; Moscow said to only back limited move

Oil prices fell on Friday, pulled down by OPEC's move to delay a final decision on output cuts as its awaits support from heavyweight supplier Russia, which is reported to not want to reduce its output by more than 150,000 barrels per day (bpd)......»»

Category: topSource: reutersDec 7th, 2018

Trump puts the brakes on new Russia sanctions: official

The White House has pushed back fresh measures against Moscow, in a move that appears to walk back comments made by U.S. Ambassador to the United Nations Nikki Haley over the weekend. Dhruv Tikekar reports......»»

Category: videoSource: reutersApr 17th, 2018

Rising Tensions in Syria"s Southwest Complicate Moscow"s Ties with Tehran

The Syrian regime is threatening to move against an antigovernment stronghold in the country’s southwest, raising pressure on Russia to keep Iran and its proxies out of a fight that could inflame tensions with Syria’s neighbor, Israel......»»

Category: topSource: wsjMay 29th, 2018

As OPEC Meets to Lift Output, Big Oil Companies Are Holding Back

Rather than responding to rising prices with fresh investment, Western oil companies have retrenched, a move many now say threatens a longer-term supply crunch......»»

Category: smallbizSource: wsjJun 21st, 2018

Russia Says It Will Support OPEC Plan to Lift Crude Supply

Russia threw its support behind Saudi Arabia’s plan to ramp up global oil production in the face of higher prices, after more than a year of holding back output in coordination with OPEC......»»

Category: topSource: wsjJun 23rd, 2018

Russia Plans Oil Boost Amid Supply Uncertainties, Pressure From Trump

Russia’s energy minister signaled Friday that a coalition of producers could pump more oil than agreed by year-end, a move which would please the Trump administration but signal the possible death of an OPEC production deal......»»

Category: topSource: wsjJul 27th, 2018

IEA sees global oil supply tightening more quickly in 2019

The global oil market could move into deficit sooner than expected, thanks to OPEC's output agreement with Russia and others and to Canada's decision to cut supply, the International Energy Agency said on Thursday......»»

Category: topSource: reutersDec 13th, 2018

Oil bounces back, but markets remain fragile amid trade disputes

Oil prices jumped more than 1% on Friday amid OPEC supply cuts and Middle East tensions, but still did not fully recoup losses earlier in the week on economic slowdown jitters and swelling inventories - their steepest drops since the start of the year......»»

Category: topSource: reutersMay 23rd, 2019

Oil prices stabilize after sharp falls earlier in week

Oil markets stabilized on Friday amid OPEC supply cuts and tensions in the Middle East, after posting their steepest falls since the start of the year earlier in the week on the back of a global economic slowdown and swelling fuel inventories......»»

Category: topSource: reutersMay 23rd, 2019

WTI Slides Below $63 After Surprise Crude & Gasoline Builds

WTI traded lower today (finding support around $63) as anxiety over the ongoing US-China trade deal weighed on global growth (demand) sentiment (after yesterday's gains on OPEC/Saudi supply comments). “Given the fact that the macro environ.....»»

Category: blogSource: zerohedgeMay 21st, 2019

Trade wars and drone strikes are realigning OPEC

An uncertain demand outlook and looming supply shortfall will pit the Saudis against Russia, and create a standoff with Iran and Venezuela......»»

Category: topSource: moneycentralMay 19th, 2019

Trade wars and drone strikes are realigning OPEC

An uncertain demand outlook and looming supply shortfall will pit the Saudis against Russia, and create a standoff with Iran and Venezuela......»»

Category: topSource: moneycentralMay 19th, 2019

OPEC in the dark on oil supply as Russia, Iran cut exports

OPEC is in the dark on the oil supply outlook for the second half of this year, with Iranian and Russian outages looking increasingly significant but Saudi Arabia reluctant to pump more due to fears of a price crash, sources in the organization said......»»

Category: topSource: reutersMay 9th, 2019

Oil prices slip, but supply cuts support

Oil prices eased on Thursday, although a decline in U.S. inventories, ongoing supply cuts from OPEC and its allies, and U.S. sanctions on Venezuela and Iran all limited losses......»»

Category: topSource: reutersApr 18th, 2019

Oil up 1 percent as market focuses on supply risks

Oil prices rose 1 percent on Tuesday, as fighting in Libya and falling Venezuelan and Iranian exports raised concerns over tightening global supply, but uncertainty surrounding an OPEC-led production cut limited gains......»»

Category: topSource: reutersApr 16th, 2019

Oil steadies as market focuses on supply risks

Oil prices were steady on Tuesday, as fighting in Libya and falling Venezuelan and Iranian exports raised concerns over tightening global supply, but uncertainty surrounding an OPEC-led production cut limited gains......»»

Category: topSource: reutersApr 16th, 2019

Oil slips to $71, hit by talk of higher OPEC+ production

Brent oil slipped to around $71 a barrel on Tuesday, pressured by expectations of higher U.S. inventories and concern about Russia's willingness to stick with OPEC-led supply cuts......»»

Category: topSource: reutersApr 16th, 2019

Bank results curb Wall Street, oil falls as Russia mulls production boost

Underwhelming quarterly results from U.S. banks limited gains in world stocks on Monday, and oil prices fell after Russia said it and OPEC may decide to boost production......»»

Category: topSource: reutersApr 15th, 2019

Oil up on tight supply, but economic slowdown weighs

Oil prices rose on Wednesday back toward five-month highs hit the previous day as OPEC production cuts and U.S. sanctions on Iran and Venezuela continued to tighten supply, although economic worries increased......»»

Category: topSource: reutersApr 10th, 2019

Oil rises amid OPEC supply cuts, U.S. sanctions

Oil prices edged back towards five-month highs on Wednesday, supported by ongoing supply cuts by producer club OPEC and U.S. sanctions against oil exporters Iran and Venezuela......»»

Category: topSource: reutersApr 9th, 2019

Oil slips from five-month high as Russia signals output boost

Oil slipped from a five-month high above $71 a barrel on Tuesday as Russian comments signaling the possible easing of a supply-cutting deal with OPEC countered concern that violence in Libya could further tighten global markets......»»

Category: topSource: reutersApr 9th, 2019