Oil dips as Saudis say OPEC cut still up in the air
Oil gave up some earlier gains after Saudi Arabia’s oil chief indicated OPEC and allied producers have yet to reach consensus on whether supply curbs are in order.
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Oil rides biggest two-day gain since June as fear of glut eases
Oil headed for its biggest two-day advance since June as concerns over a supply glut eased on hopes that OPEC and its allies will strike a deal to stabilize the market.
Saudi leadership of OPEC shaky after Qatar’s surprise exit
Qatar’s “surprise” decision to withdraw from OPEC raises questions about the loyalty of the cartel’s remaining members, analysts said.
Oil jumps most since June as Canada cuts after Saudi-Russia pact
Oil was jolted higher by efforts across the globe to support prices as Saudi Arabia and Russia extended their pact to manage the market and Canada’s largest producing province ordered unprecedented output curbs. Prices retreated slightly after Qatar said it was leaving OPEC.
Oil slides as Russian minister says current crude prices are fine
Oil headed for its biggest monthly decline since 2008 as Russia reiterated it’s comfortable with current prices, just a week before it meets with OPEC in Vienna to discuss possible production curbs.
Workers taken off Shell’s Brent Charlie after power failure
More than 130 workers have been evacuated from a North Sea oil platform after it lost power.
Oil rises on trade talk optimism and signs of robust US demand
Oil climbed as the Trump administration signaled optimism a trade deal may be reached with China and an industry report indicated robust U.S. fuel demand.
Updated: Oil rises from one-year low even as concerns of glut persist
Oil rose from its lowest settlement in more than a year in New York, though signs of record output from Saudi Arabia amid pressure from President Donald Trump continued to weigh on the market.
Oil slumps below $60 in London for first time since October 2017
Oil slumped below $60 a barrel in London for the first time in a year after Saudi Arabia signaled its output may have reached a record high and growing U.S. stockpiles stoked concerns over a potential supply glut.
Global oil benchmarks extend slide on bearish technical signals
Oil prices mired in a bear market are continuing their declines as bearish technical indicators signal further pain.
Oil resumes slide as fears persist over looming supply surplus
Oil slipped again on persistent fears that a surplus will re-emerge next year despite OPEC’s plans to cut production.
OPINION: Can we expect a major rebound in oil prices?
After declining by more than 20 percent from the October peak, oil prices are showing some signs that they have now bottomed out.
How will oil’s freefall end? Here’s where you can look for clues
Oil’s record losing streak has plunged prices into a bear market and is reverberating around the globe, with the mayhem rattling everyone from bond traders to political leaders and fund managers.
Oil holds loss after worst slump in 3 years on weakening outlook
Oil was showing little sign of recovering from its unprecedented decline as investors flee a market hammered by swelling supplies and a darkening demand outlook.
Energy companies lead US stocks lower after oil price plunge
The steepest drop in oil prices in more than three years put investors in the US in a selling mood, extending a losing streak for the S&P 500 index to a fourth day.
Oil extends record losing streak as Trump blasts Saudi plan
Oil fell for a 12th day, its longest losing streak on record, after U.S. President Donald Trump criticized Saudi Arabia’s plan to cut output.
Oil price recovering after Opec cut agreed
Oil prices have started to recover to above $70 a barrel after the world’s major crude producers agreed that supply needs to be cut significantly next year.
Saudis see need for major oil supply cut as fears of a glut grow
Saudi Arabia said OPEC and its allies should reverse about half the increase in oil output they made earlier this year as fears of shortages are supplanted by concerns about oversupply and collapsing prices.
Prospect of OPEC cuts reins in oil market bears
Oil climbed after a record run of losses as Saudi Arabia said it will reduce crude sales in December and speculation rose that OPEC and its allies will cut output next year.
Updated: Brent dropped below $70 for first time in months
Brent crude dropped below $70 per barrel for the first time since April today as waivers took the sting out of Washington's latest sanctions on Iran.
Oil set for longest losing run since 2014 as supply fears ease
Crude’s poised for the longest losing streak since 2014 as concerns of a supply crunch eased on a forecast for rising U.S. production and waivers for eight countries allowing temporary import of Iranian oil.
It’s the Iranian oil guessing game. And the bears are winning
Oil sceptics have been proved right in downplaying sanctions against Iran.
Oil set for worst week since February as supply fears subside
Oil headed for the biggest weekly loss since February as the U.S. softened its crackdown on Iranian exports and American supplies surged, assuaging fears of an impending shortage.
Oil sinks to six-month low as US supply surge eases Iran fear
Oil fell to the lowest in more than six months on signs U.S. supply is accelerating and on speculation that American sanctions against Iran won’t succeed in reducing exports to zero.
Oil dips on stockpile concerns, Saudi production pledge
Oil faltered below $70 a barrel as Saudi Arabia said it has no intention of using its oil wealth as a political tool and as American crude stockpiles were seen gaining for a fifth week.