Insights: cost cutting slows, according to Westwood
The pace of cost cutting in the mid-cap market is continuing to slow, according to analysis by Westwood Global.
oil price
Oil Near $54 amid uncertainty about OPEC-led production accord
Oil traded near $54 a barrel as two of the world’s largest crude producers provided conflicting guidance about the longevity of a historic supply agreement.
North Sea ‘still tough going economically’ despite predicted end to lower-for-longer
Professor Alex Kemp today said that the North Sea still has some way to go until it sees the reported end of 'lower-for-longer'.
Updated: Oil treads water as Opec silent on supply-cut extension question
Oil barely moved after an OPEC gathering concluded with no decision on an extension or deepening of supply cuts.
Oil extends losses as higher US output outlook counters curbs
Oil extended declines for a third day amid speculation that a predicted gain in U.S. output will offset OPEC-led efforts to trim a global glut.
Oil trades near $49 before OPEC talks on output cut compliance
Oil traded near $49 a barrel before representatives of OPEC nations meet with their allies to discuss why some of them are falling behind in pledges to reduce production.
Oil extends advance above $45 on signs US stockpiles declined
Oil extended gains above $45 a barrel as U.S. industry data showed crude and gasoline stockpiles declined, easing a glut.
Oil set for longest rally this year as oversupply concerns ease
Oil headed for the longest run of gains in six months as a drop in U.S. crude production and gasoline stockpiles eased concern that OPEC - led supply curbs were proving ineffective.
Oil headed for longest up trend in two months on lower U.S. output
Oil headed for its longest winning streak in two months after declines in U.S. crude production and gasoline inventories allayed some concerns that world markets will remain oversupplied.
Oil price drops to seven month low
Oil dropped to the lowest in seven months amid a revival in output from Libya and rising volumes of fuel held in floating storage.
Asda to cut petrol prices as oil price fall passed to consumer
Asda is cutting up to 2p per litre off its fuel prices after motoring groups claimed retailers were failing to pass on savings following the oil price slump.
Oil holds losses below $45 on surprise US gasoline supply gain
Oil held losses below $45 a barrel after sliding to the lowest in seven months as U.S. gasoline supplies unexpectedly rose for a second week.
Oil extends gains as Saudis see global supply drop accelerating
Oil extended gains as Saudi Arabia and Russia sought to reassure investors that coordinated production cuts by OPEC and its partners are draining a global glut.
Oil poised for biggest weekly drop in four weeks
Oil is poised for its biggest weekly drop in four weeks amid questions over the effectiveness of OPEC’s deal to help rebalance the market.
Brent crude prices dip after smaller than expected US inventories drop, pound rises
Brent crude prices dipped 1.3% to 51.34 US dollars (£39.39) per barrel as investors fretted about a smaller than expected drop in US crude inventories reported by the US Energy Information Administration.
Good news for crude as bets on Opec rally are gone
Hedge funds have undone all their wagers on an OPEC-driven oil rally, and that could be good for prices.
US shale’s favorite financial trick getting less attractive
Oil bulls, take heart! U.S. drillers have dramatically reduced their hedging activity, a move that could portend a break in the production gains that have upended global crude prices.
Oil prices on ‘mild up’ as omens good, says top banker
Oil prices are most likely headed on a “mild up” after the turmoil of their slump from 2014-2016, a top banker said on a visit to Aberdeen.
Brent oil closes at 18-month high after positive US jobs data
Brent oil rose to the highest close in almost 18 months after U.S. government data showed strong job and wage gains while Kuwait and Saudi Arabia signaled they are curbing output.
Oil starts New Year with 18-month high as Kuwait delivers on OPEC output cut
Oil advanced after the biggest annual gain since 2009 as output cuts by Kuwait signaled OPEC and other producing nations started trimming production to stabilize the market.
Oil extends advance above $52 as Libyan output comeback stalls
Oil extended its gains above $52 a barrel as a planned production boost from Libya stalled amid continuing tension in the OPEC member exempt from agreed output cuts.
Opec deal unlikely to lead to major market rebalancing, researchers say
Analysts have poured cold water on the idea that the recent output deal from Opec and non-Opec countries will lead to a major rebalancing of the oil market.
Oil retreats from 17-month high after reported US supply gain
Oil retreated from the highest close in 17 months after the American Petroleum Institute was said to report that U.S. crude inventories climbed last week.
Ruddiman says Opec deal ‘not the end of the story’
The breakthrough on oil production by Opec members is “not the end of the story”, a leading industry lawyer warned yesterday.
Oil surges as Opec signals progress on output deal
Oil surged for a third day on signs OPEC members have made progress toward finalizing a deal to cut output.