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
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
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
World’s top oil exporter Saudi Arabia has restored capacity to 11.3 million barrels per day.
30 Sep 2019 9:26 AM
The company has not given a specific timeline for the resumption of full output.
17 Sep 2019 10:33 AM
Iran’s oil exports were slashed by more than 80 per cent due to re-imposed sanctions by the United States.
11 Sep 2019 10:37 AM
In the United States, crude stockpiles are likely to have fallen for a fourth consecutive week last week.
10 Sep 2019 10:48 AM
US crude was down 26 cents, or 0.5 per cent, at USD 54.84 a barrel by 0644 GMT, while Brent was down 6 cents at USD 58.60 a barrel.
03 Sep 2019 1:19 PM
WTI futures, slumped last week by nearly 2 million barrels to their lowest since December.
30 Aug 2019 11:09 AM
Crude oil prices have fallen about 20 per cent from 2019 highs reached in April.
28 Aug 2019 11:54 AM
The CIA’s failure to adapt to the UAE’s growing military and political ambitions amounts to 'dereliction of duty,' said former CIA official.
27 Aug 2019 10:22 AM
Brent crude futures LCOc1 were down 11 cents or 0.2 per cent, from the previous settlement.
13 Aug 2019 8:37 AM