Brent set for weekly loss as Opec dispute looms on supply policy
Oil in London headed for a second weekly decline as investors tried to gauge whether OPEC and its allies will ease production caps at what’s set to be a contentious meeting next week.
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Oil bulls lose heart as mega producers signal more supplies
It’s tough to stay positive on crude when the world’s three oil superpowers are likely to increase production.
Global oil benchmarks pulled apart in sign of market discord
Long-established relationships between the world’s most important oil prices are being strained by conflicting forces across the globe.
Oil’s rally to 3-year high choked by fear of Opec output revival
Oil’s rally to its highest level since 2014 was curtailed this month after two of the world’s biggest crude suppliers signaled they may scale back historic output cuts that helped drain a global glut.
Oil holds losses as market turmoil adds to fear over Opec output
Oil held losses below $67 as global risk assets slid on renewed trade tensions between the U.S. and China as well as political turmoil in Europe, with concerns simmering that OPEC may ease its output curbs.
US oil slips as stockpile shock helps boost discount to Brent
Oil in New York slipped on a surprise gain in inventories, with American crude near its weakest level in more than three years versus benchmarks elsewhere.
Forget about oil at $80. The big rally is in forward prices
Brent crude oil grabbed all the attention after spot prices hit $80 a barrel last week. And yet, almost unnoticed, a perhaps more important rally has occurred in the obscure world of forward prices, with some investors betting the "lower for longer" price mantra is all but over.
Opinion: Improving picture for oil companies, but caution pervades
The tide appears to have turned for oil. This time last year, the oil and gas industry appeared to be drowning in a commodity price which seemed destined to hug the $50 mark for some time. Further back, in January 2016, it went as low as $30.
IEA: High oil prices ‘taking a toll’ on demand
Geopolitics has taken over the oil market, driving oil prices up to three-year highs. The inventory surplus has vanished, and more outages could push oil prices up even higher. Yet, there are some signs that demand is starting to take a hit as oil closes in on $80 per barrel.
Brent rises to $80 for first time since 2014
Oil rose to $80 a barrel in London for the first time since 2014 as U.S. crude inventories fell and traders braced for the impact of renewed sanctions on OPEC member Iran.
Oil holds gains as Mid East clashes raise risks after Saudi cuts
Oil held gains near $71 a barrel after escalating conflict in the Middle East raised geopolitical risks and as most OPEC members cut output more than required last month.
Oil climbs as Israel and Iran clash after Trump’s sanctions move
Oil extended gains above $77 a barrel as a conflict between Israel and Iran ratcheted up, increasing prospects for tighter global supply after the U.S. renewed sanctions on OPEC’s third-largest producer.
Pipeline shutdown will only be ‘mild irritant’, says Kemp
The shutdown of oil pipelines at the Sullom Voe terminal in Shetland will only be a “mild irritant” to operators, according to a leading petro-economist.
Production ceased at North Sea platforms after fault at major pipelines
Two major pipelines connecting North Sea fields to the Sullom Voe Terminal on Shetland have been shut down after a “minor fault” was discovered.
Oil rebounds as Opec signals deal extension
Oil rebounded from the biggest loss in more than a week as OPEC hinting at extending output cuts fanned optimism and investors anticipated a drop in U.S. stockpiles.
Brent holds near $70 as Middle East tensions offset stock slide
Brent held near $70 a barrel after Saudi Arabia intercepted multiple ballistic missiles fired by Houthi forces in Yemen.
Chinese oil contract to rival US WTI and UK’s Brent is born
China launched its first ever crude-futures contract as the world’s biggest oil buyer seeks to wield greater power over pricing and challenge benchmarks in the U.S. and Europe.
Oil set for first monthly drop since August on US stockpile fear
Oil is poised for its first monthly decline in six months as a rally at the start of the year fades on growing fears over booming U.S. shale supply.
Oil heads for second weekly gain after surprise stockpile drop
Oil headed for a second weekly increase as a surprise pullback in U.S. crude inventories compounded signs that a global glut is easing.
Brent drops from 2-week high as US warns of ‘phenomenal’ surge
Brent crude fell from a two-week high as the market weighed forecasts for a surge in U.S. production against OPEC’s success in accelerating the pace of draining a global glut.
Oil finds relief in weaker dollar as equities recover from rout
Oil shook off some of the fears that had rattled the market to extend gains above $62 a barrel as the dollar weakened and global equities rebounded from a rout.
Oil set for first weekly gain this month as US dollar weakens
Oil headed for its first weekly gain this month as a weaker dollar boosted the allure of commodities priced in the U.S. currency.
Oil struggles near $60 amid rising US supply fears
Oil is being held back after its worst week in two years as fears over rising U.S. crude supplies curb investor optimism.
Oil’s rally from worst week in two years restricted by shale fears
While oil is rebounding from its biggest weekly decline in two years, a surge in U.S. shale still looms over the market.
Updated: Oil set for worst week in a year
Oil was headed for its worst week in almost a year as the global risk-asset rout troubled investors already concerned over growing U.S. supply.