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Brent crude fell as much as 1.5 per cent to USD 67.86 a barrel and was at USD 68.09, down 82 cents.

Oil drops more than 1 per cent as investors recalibrate risk in Mideast

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 was up 16 cents, or 0.2 per cent, at USD 67.36 a barrel by 0155 GMT.

Oil rises, supported by trade deal, OPEC cuts

West Texas Intermediate was up 20 cents, or 0.3 per cent, at USD 61.31 a barrel.

26 Dec 2019 10:44 AM

Brent futures were down 21 cents, or 0.3 per cent, at USD 63.18 by 0258 GMT.

Oil drops as market awaits ratification of OPEC+ supply cut

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

Brent crude futures were up 19 cents, or 0.3 per cent, at USD 62.47 a barrel.

Oil rises amid optimism over OPEC supply cuts, hopes on US-China trade

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

The American Petroleum Institute reported on Wednesday an unexpected drop in crude stockpiles by 541,000 barrels in the week to November 8.

Oil gains on US crude stocks fall, OPEC comments on slower US shale growth

Brent futures LCOc1 rose 39 cents, or 0.6 per cent, to USD 62.76 per barrel.

14 Nov 2019 12:56 PM

Traders are now eyeing next month’s meeting between the OPEC and Russia to determine if the group would deepen output cuts to prop up prices.

Oil slips as US-China trade deal hopes dwindle

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

Gasoline and distillate inventories dropped 2.8 million barrels and by 622,000 barrels respectively.

Oil unchanged after overnight losses amid caution over trade talks

US crude exports fell nearly 1 million barrels last week to 2.4 million barrels per day.

07 Nov 2019 8:42 AM

OPEC’s output recovered in October from an eight-year low after a rapid rebound in Saudi Arabia’s production from attacks on its oil infrastructure.

Oil edges down; eyes on data amid trade deal hopes

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

OPEC, Russia and other producers have cut oil output by 1.2 million barrels per day to support the market.

Oil prices edge higher as OPEC hints at deeper output cuts

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

The US-China dispute has cast a shadow on global economic growth prospects, and left question marks over future oil demand.

Oil prices extend losses as weak China data compounds US-China trade deal doubts

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 sets its crude prices based on recommendations from customers and after calculating the change in the value of its oil over the past month.

Saudi oil prices for Asia expected to jump in November after attack

Saudi Aramco officials as a matter of policy do not comment on the kingdom’s monthly OSPs.

03 Oct 2019 10:54 AM

Brent is set to rise 2.6 per cent in September, its first monthly gain since June, with prices lifted by an unprecedented attack on Saudi’s oil facilities on Sept 14

Oil prices climb as positive China factory data eases demand concerns

World’s top oil exporter Saudi Arabia has restored capacity to 11.3 million barrels per day.

30 Sep 2019 9:26 AM

Crude prices surged by nearly 20 per cent on Monday as they responded to Saturday’s attack.

Oil falls more than 1 pc as market awaits response to Saudi oil attacks

The company has not given a specific timeline for the resumption of full output.

17 Sep 2019 10:33 AM

West Texas Intermediate (WTI) futures were up 54 cents, or 0.9 per cent, to USD 57.94 a barrel.

Oil prices gain after bigger-than-expected fall in US stockpiles

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

Russia’s oil output in August exceeded its quota under the OPEC+ agreements.

Oil hits six-week high on hopes of extended OPEC output cuts

In the United States, crude stockpiles are likely to have fallen for a fourth consecutive week last week.

10 Sep 2019 10:48 AM

Oil will struggle to make substantial headway topside this week with no progress on trade talks or meetings even, soft data from Asia and a possible cracking of OPEC’s resolve to control production, said Jeffrey Halley, senior market analyst at OANDA.

Oil prices fall as market eyes trade war, awaits stocks data

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

Brent crude was up 8 cents, or 0.1 per cent, at USD 61.16 a barrel, by 0420 GMT after adding 1 per cent on Thursday.

Oil set for biggest weekly gain since July on trade dispute hopes

WTI futures, slumped last week by nearly 2 million barrels to their lowest since December.

30 Aug 2019 11:09 AM

US crude stockpiles fell sharply last week as imports dropped, plummeting by 11.1 million barrels.

Oil gains, led by US crude, as recession worries ease

Crude oil prices have fallen about 20 per cent from 2019 highs reached in April.

28 Aug 2019 11:54 AM

The CIA, the NSA and the White House declined to comment on US espionage practices in the UAE. (Photo: AP)

Why the CIA doesn't spy on the UAE

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

US West Texas Intermediate (WTI) CLc1 futures were USD 54.81 per barrel, down 12 cents, or 0.2 per cent.

Oil prices edge down as traders weigh slowing demand against supply curbs

Brent crude futures LCOc1 were down 11 cents or 0.2 per cent, from the previous settlement.

13 Aug 2019 8:37 AM

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Syed Ata Hasnain