OPEC and allies including Russia have pledged to slash production by a record 9.7 million barrels per day (bpd) for a third month in July
06 Jul 2020 9:15 AM
Prices have risen in the past two weeks as some countries relaxed coronavirus restrictions and lockdowns
14 May 2020 9:09 AM
Oil investors are concerned travel advisories, other restrictions and any sizable impact on growth.
28 Jan 2020 11:41 AM
Brent crude LCOc1 futures were up by 74 cents, or 1.1 per cent, to 65.59 by 0331 GMT, having earlier reached USD 66.00 a barrel.
20 Jan 2020 11:11 AM
Brent crude was down 13 cents, or 0.2 per cent, at USD 64.85 per barrel.
13 Jan 2020 11:48 AM
US oil added 61 cents, or 1 per cent, to USD 60.22 after falling nearly 5 per cent in the previous session.
09 Jan 2020 9:59 AM
Prices were also supported by higher compliance among the OPEC on meeting production quota curbs aimed at reducing supply.
07 Jan 2020 10:04 AM
Brent crude futures soared to a high of USD 70.27 a barrel at 0222 GMT, up USD 1.67, or 2.4 per cent.
06 Jan 2020 10:59 AM
Brent surged 4.4 per cent to USD 69.16 and WTI jumped 4.3 per cent to 63.84.
03 Jan 2020 12:08 PM
West Texas Intermediate was up 20 cents, or 0.3 per cent, at USD 61.31 a barrel.
26 Dec 2019 10:44 AM
The group has been withholding 1.2 million bpd and the increased amount represents about 1.7 per cent of global oil output.
06 Dec 2019 9:56 AM
OPEC+ on Jan 1 this year cut output by 1.2 million barrels per day (bpd), and in July, renewed the pact until March 2020.
15 Nov 2019 3:41 PM
Brent futures LCOc1 rose 39 cents, or 0.6 per cent, to USD 62.76 per barrel.
14 Nov 2019 12:56 PM
A forecast by the International Energy Agency for slower global oil demand growth post-2025 also weighed on the market.
13 Nov 2019 10:54 AM
US crude exports fell nearly 1 million barrels last week to 2.4 million barrels per day.
07 Nov 2019 8:42 AM
US crude inventories rose by 4.3 million barrels in the week ended Nov 1 to 440.5 million barrels.
06 Nov 2019 8:53 AM
Traders may be taking profits on oil ahead of uncertainty around macro-economic data and US oil inventory reports.
04 Nov 2019 9:46 AM
US West Texas Intermediate (WTI) crude CLc1 had gained 16 cents or 0.3 per cent to USD 52.97 a barrel.
16 Oct 2019 12:13 PM
Brent crude futures LCOc1 fell 30 cents, or 0.5 per cent, to USD 59.067 barrel.
15 Oct 2019 9:29 AM
Saudi Aramco officials as a matter of policy do not comment on the kingdom’s monthly OSPs.
03 Oct 2019 10:54 AM