22 Mar 17
|Oil drops to lowest since November as US inventories swell|
Oil prices slid to almost four-month lows on Wednesday, with Brent briefly falling below $50 a barrel, after data showed US crude inventories rising faster than expected, piling pressure on the Organisation of the Petroleum Exporting Countries (Opec)
|Oil advances on talk of extension to Opec output cuts|
Oil prices on Tuesday fell close to its lowest in a week as the market discounted the latest talk by OPEC that it would extend output cuts beyond June.
17 Mar 17
|Oil slips despite weak dollar as US stockpiles remain high|
Oil prices slipped on Thursday, as support from a weaker dollar was offset by US crude inventories near record high levels that again raised concerns whether the Organisation of the Petroleum Exporting Countries (Opec)-led output cuts were starting to
16 Mar 17
|Oil market could tilt into deficit if Opec sticks to cuts: IEA|
Global oil inventories rose for the first time in January as the market grappled with a swell in production last year, but if the Organisation of the Petroleum Exporting Countries (Opec) maintains its output cuts, demand should overtake supply in the
15 Mar 17
|Opec says oil stocks still increasing, Saudis raise output|
The Organization of the Petroleum Exporting Countries (Opec) said on Tuesday oil inventories have risen despite a global deal to cut supply and raised its forecast of production in 2017 from outside the group, suggesting complications in an effort to
14 Mar 17
|Oil at 3-month lows, global stocks edge up before US rate decision|
Oil prices hovered near three-month lows while a key gauge of world stocks advanced on Monday as investors braced for a busy week for global markets, including a potential US interest rate hike by the Federal Reserve.
10 Mar 17
|Oil drops 2% to lowest since OPEC deal, US crude below $50/bbl|
Oil fell about 2 percent on Thursday in heavy trade, extending the previous session's slump to prices not seen since an OPEC-led pact to cut production was agreed, as record US crude inventories fed doubts about the effectiveness of the deal to curb a
07 Mar 17
|India inching towards centre stage of global energy market: IEA|
India is moving to the centre stage of global energy market and by the early 2020s it will replace Russia as the world's third largest refiner, a top official of the International Energy Agency said.
|IEA warns of oil 'supply crunch' by 2020 with no capex|
Global oil supply may struggle to match demand after 2020, when the pinch of a two-year decline in investment in new production could leave spare capacity at a 14-year low and send prices sharply higher, the International Energy Agency (IEA) said on
01 Mar 17
|Oil rises as Opec sticks to output pledges, rising US production cap gains|
Oil reversed earlier losses on Wednesday as investors took heart from strict compliance by the Organisation of the Petroleum Exporting Countries (Opec) with its pledge to cut output, although evidence of increasing US production capped gains.
28 Feb 17
|Funds prepare $2 bn oil market play as supply tightens|
Passive investment funds are poised to shift an estimated $2 billion from far-term to near-term crude futures over the next week, anticipating an energy market rally as a historic Organization of the Petroleum Exporting Countries (Opec) output cut
21 Feb 17
|Oil rises, but swelling US output caps rally|
Oil prices inched higher on Monday, as investor optimism over the effectiveness of producer cuts encouraged record bets on a sustained rally, although growing US output and stubbornly high stockpiles kept price gains in check.