Wood Mackenzie sees political risk playing greater role in oil prices
The ramping up of tension between Saudi Arabia and Iran makes it highly unlikely Saudi Arabia will cut its output to help Iran regain market share, according to Wood Mackenzie.
Brent crude
FTSE down as low Brent crude prices persist
The London market opened on the back foot on the final day of the year, as oil prices loitered close to 11-year lows.
Iran adding to global oil glut dims hopes for recovery next year
Investors are losing faith in an oil-price recovery next year as Iran prepares to add more crude to a global glut.
Oil nears lowest price since 2009 after US supply glut expands
Oil neared the lowest level since February 2009 as U.S. crude inventories surged and the Federal Reserve raised interest rates for the first time in almost a decade.
US oil exports shouldn’t bother OPEC: Iran is the problem
An end to the U.S.’s 40-year ban on oil exports is probably not what OPEC needs right now. Yet a resurgent Iran may present a greater threat as it prepares to dump a million barrels on the market next year.
Oil falls to lowest since 2008 as OPEC fuels supply glut
Oil declined to the lowest level since 2008 in London amid estimates that OPEC’s decision to scrap production limits will keep the market oversupplied.
OPEC says crude production rose to three-year high in November
OPEC raised crude output to the highest in more than three years as it pressed on with a strategy to protect market share and pressure competing producers.
Brent bounces back above $40 dollars
Oil prices bounced back today after hitting near-seven year lows, but mining stocks remained under pressure on the London market amid fears over the global economy.
OPEC agrees to increase oil output ceiling heralding oil price fall
OPEC has agreed to set a new oil-output ceiling of 31.5 million barrels a day, according to a delegate with knowledge of the decision.
Oil prices dip on supply glut and shaky Chinese data
Crude oil futures fell today, bringing losses this month to more than 8%, as disappointing Chinese data and worries over a supply glut overshadowed geopolitical concerns.
Oil pares weekly advance as Libya seeks to boost crude supply
Oil pared its first weekly gain in a month as Libya sought to increase output and Russia ruled out military retaliation against Turkey for downing its jet near the Syrian border.
Biggest oil buyers aim to be biggest winners following OPEC meeting
Oil buyers in Asia are sure of one thing as OPEC prepares to meet: They’ll emerge as winners from the group’s rift over production.
US drilling slowdown helps oil make gains
Oil has gained for a fourth day, the longest winning streak since April, on signs the pace of drilling is slowing in the US amid a global oversupply.
Saudi Arabia says it will work to stabilise oil price
Saudi Arabia’s government has reiterated its commitment to work with OPEC members and other producers to stabilise the oil market.
US and Iraq will fail to boost crude output in 2016
To understand what the oil price crash will mean for global crude supplies next year, look no further than the two nations that added more barrels to world markets in 2015 than anyone else.
Oil faces third weekly loss at US glut remains
Oil's global glut will be prolonged as US stockpiles see their longest run of gains in seven months.
Saudi oil minister says OPEC will help stabilise market
Saudi Arabia is working with other OPEC members and producers from outside the group to stabilise the market, Saudi Oil Minister Ali al-Naimi said.
Oil traders braced for next big price drop in March 2016
Oil traders are preparing for another downward turn in prices by March 2016, market data suggests.
Oil price holds steady but global oversupply remains
Oil halted its decline after falling the most in six weeks as signs of rising demand in China countered an increase in OPEC production.
Welcome to the oil market’s new vicious cycle
US shale firms are snapping up $50 oil hedges, risking a rally reversal.
Oil extends gains close to $50 a barrel as Opec sees demand growth
Oil extended gains near $50 a barrel amid speculation an increase in demand will ease a global glut.
Oil drops amid broader sell off as Fed points to global risks
Oil dropped for a second day after the US Federal Reserve left borrowing costs unchanged because of concern about recent global economic turmoil.
Even a slowing China is oil’s best defense against deeper slump
Even after China’s slowing economy dragged crude to a six-year low, oil’s second-biggest consumer remains the main safeguard against a further price meltdown.
Oil prices weak as OPEC targets market share
Oil markets were weak on Friday as fresh signs that OPEC will continue to value market share over prices outweighed expectations of a lift when the United States kept interest rates at historic lows.
Oil edges further above $46, weak Asian outlook weighs in
Oil edged further above $46 a barrel on Tuesday, supported by the prospect of lower US inventories and production although concern about weaker Asian demand kept prices in check.