Brent trades near $80 as Saudis talk down crude supply risk
Brent steadied near $80 a barrel as Saudi Arabia dismissed using its oil wealth as a political tool following the killing of journalist Jamal Khashoggi.
Brent steadied near $80 a barrel as Saudi Arabia dismissed using its oil wealth as a political tool following the killing of journalist Jamal Khashoggi.
Oil in London extended losses for a third day on signs that the potential impact of impending U.S. sanctions on Iranian supplies may be mitigated.
The run-up to $100 oil is giving some investors pause.
Oil traded near the highest level in almost four years as investors grapple with doubts over OPEC’s ability to replace falling exports from Iran.
Oil in London extended gains after the longest quarterly rally in a decade as a slowdown in American drilling added to supply risks while the U.S. and Saudi Arabia discussed market stability.
An oil price spike is starting to look increasingly possible, with a rerun of 2008 not entirely out of the question, according to a new report.
Oil at $100? Not so fast, says Goldman Sachs.
The commitment to live with “lower for longer” oil might not last that long after all.
Brent crude could see the biggest overhaul since the North Sea crude became a major benchmark more than 30 years ago as the industry considers including oil from as far away as Central Asia, West Africa and U.S. shale fields in its price assessment.
Brent oil traded near the highest level in a week after Saudi Arabia was said to be content with the global benchmark crude breaking above $80 a barrel.
For oil investors, this is both the best of times and the worst of times, depending on which crude benchmark you trade.
Oil fell near $69 a barrel on concern over higher inventories at a key storage hub in the U.S. and as the threat posed by a storm to Gulf of Mexico assets eased.
Oil struggled to gain above $78 a barrel as the prospect of shrinking Iranian crude exports was countered by signs of higher output from top producers Saudi Arabia and Russia.
Oil extended gains after an industry group signaled American crude stockpiles fell more than expected and a weaker dollar raised the allure of commodities priced in the U.S. currency.
WTI crude held gains near $66 a barrel as investors assessed signs of slowing growth in U.S. crude production due to a pipeline crunch against ongoing concerns over a trade war between the world’s biggest economies.
A bruising week for oil has set prices on course for the longest weekly losing streak in three years as a trade war between the world’s two biggest economies stokes fears it could sap energy demand.
Oil rose in New York after a fourth weekly decline as a weaker dollar boosted the appeal of commodities and concerns over global supply disruptions persisted.
Oil is poised for the biggest weekly loss in almost five months after escalating trade tensions between the U.S. and China rattled investors while Libya’s plans to boost output allayed some fears of a supply crunch.
Oil fell below $74 a barrel after U.S. President Donald Trump raised the stakes in the trade war against China with the biggest list yet of goods it may hit with higher tariffs.
S&P Global Platts, the company that sets the key price of Brent crude, is contemplating the eventual incorporation of U.S. oil to help calculate one of its newest European benchmarks, a sign of just how much America’s booming exports are reshaping global energy trading.
President Donald Trump’s weekend of oil diplomacy offered mixed messages on supply, and conflicting responses from analysts who predicted a short-term price drop but said a rebound was due in the long run.
The world’s two most important oil benchmarks are behaving very differently in the aftermath of OPEC’s meeting in Vienna.
I read with interest Energy Voice's article “Shell hoping impact of decommissioning project will be felt far beyond Brent’.
Brent crude oil fell to below $74 a barrel as OPEC and its allies inched closer to reaching an agreement on relaxing output curbs at a meeting in Vienna this week.
Brent crude erased earlier losses as OPEC was said to discuss a smaller-than-expected increase in production.