15 Mar 17
Opec says oil stocks still increasing, Saudis raise output
01:35 AM
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
10 Mar 17
Oil drops 2% to lowest since OPEC deal, US crude below $50/bbl
04:47 AM
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
01 Mar 17
Oil rises as Opec sticks to output pledges, rising US production cap gains
05:22 PM
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.
18 Jan 17
Oil price rises on weaker dollar, Saudi commitment to cut output
06:51 AM
Oil prices rose on Tuesday, supported by a falling US dollar and Saudi Arabia saying it would adhere to Organisation of the Petroleum Exporting Countries (Opec)’s commitment to cut output.
16 Jan 17
Despite Saudi signals, OPEC to miss on all promised oil cuts
09:54 AM
OPEC is unlikely to deliver fully on its target to cut production despite Saudi Arabia saying it had trimmed more than it had committed to, OPEC delegates say, but compliance of 80 per cent would be good and as low as 50 per cent acceptable.
12 Jan 17
Saudi cuts oil exports to Reliance, HMEL
06:13 AM
Saudi Arabia has cut February term crude oil supplies to refiners in India and Southeast Asia, seeking to comply with an  Organization of the Petroleum Exporting Countries (Opec) deal, but it has held most of its exports to the rest of Asia steady
01 Jan 17
Hedge funds bet oil rally to extend into 2017
12:03 AM
Money managers’ wagers on rising West Texas Intermediate crude prices are triple what they were at the end of 2015, and are the highest since the start of the crude market crash 2 1/2 years ago.
20 Dec 16
Oil trades near $52 as investors eye Libyan crude output return
06:16 AM
Oil hovered near $52 a barrel as investors eyed the potential return of crude volumes from Libya and await output cuts in January as part of an Opec and non-Opec deal.
19 Dec 16
Oil prices rise in anticipation of tighter market in 2017
02:12 PM
Oil prices rose on Monday in anticipation of tighter crude supply going into 2017 following the decision by OPEC and other producers to cut output to prop up prices.
16 Dec 16
Oil prices edge up 0.37%, Kuwait cuts supplies by more than expected
07:05 AM
Oil prices edged up on Friday after market sources said Kuwait had told customers it was cutting supplies by more than initially expected from January as part of a coordinated effort by oil producers to drain a global glut.
Opec threatened by tiny Oklahoma town with soaring supplies
06:00 AM
For Opec, there are few enemies more fearsome than the tiny Oklahoma town of Cushing.
15 Dec 16
Non-Opec supply to rise but end of glut in sight: Opec
02:33 AM
The Organization of the Petroleum Exporting Countries (Opec) on Wednesday said it expected some non-cartel producers to ramp up production next year, encouraged by oil prices which Opec has fought to drive higher with a recent output cut deal.
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