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Oil prices rise amid expectations that US Fed will cut rates

Tensions spiked between Iran and the West after Iranian commandos seized a British-flagged oil tanker in the Gulf.

30 Jul 2019 11:05 AM

Oil prices edge lower as China's GDP growth slows

Brent crude futures for September fell 21 cents to USD 66.51 a barrel.

15 Jul 2019 10:59 AM

Crude oil demand growth to remain stable

Going forward OPEC expects global demand for its crude oil to decline next year as their rivals continue to pump more crude oil.

15 Jul 2019 8:03 AM

Oil near six-week highs amid Gulf of Mexico storm, Middle East tensions

Oil companies in the Gulf of Mexico had cut more than 1 million barrels per day (bpd) of output.

12 Jul 2019 10:01 AM

Oil prices drop on signs global economy slowing amid trade disputes

Oil prices are being pressured by ongoing worries about demand as the US-China trade war.

09 Jul 2019 9:49 AM

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Oil prices fall as market awaits G20, OPEC meeting

OPEC+ members agreed to curb oil output by 1.2 million barrels per day from January 1.

28 Jun 2019 11:17 AM

Oil prices jump as US crude stocks fall, Middle East worries add support

Oil prices have been squeezing higher on escalating tensions in the Middle East.

26 Jun 2019 10:41 AM

Filling Iran oil gap in India: US supplies outshine Middle East crude

India bought about 184,000 barrels per day (bpd) oil from the United States over November 2018 to May 2019.

25 Jun 2019 12:10 PM

Oil prices climb as US, Iran tensions mount

West Texas Intermediate crude was up 70 cents, or 1.2 per cent, at USD 58.13 a barrel.

24 Jun 2019 2:21 PM

India raises concerns over rising oil prices with Saudi Arabia

Global oil prices rose sharply on fears of a US military attack on Iran that would disrupt flows from the Middle East

22 Jun 2019 1:39 PM

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Oil extends gains amid Middle East tensions, US-China trade deal hopes

US West Texas Intermediate crude gained 44 cents, or 0.8 per cent, to USD 54.34 a barrel.

19 Jun 2019 8:46 AM

Saudi seeks oil supply protection as US and Iran face off

Thursday’s tanker attacks in the Gulf of Oman exacerbated the antagonistic fallout from similar blasts in May that crippled four vessels.

17 Jun 2019 8:19 AM

Saudi energy minister says hopes to balance oil market before next year

OPEC was close to agreeing to extend a pact on cutting oil supplies beyond June.

15 Jun 2019 2:01 PM

Oil prices fall on rise in US inventories, supply worries

US West Texas Intermediate (WTI) crude was down by 32 cents, or 0.6 per cent, at USD 53.16 a barrel.

05 Jun 2019 9:04 AM

Oil prices fall as economic concerns outweigh supply risks

WTI crude futures were at USD 58.70 per barrel, down 44 cents, or 0.7 per cent, from their last settlement.

29 May 2019 8:28 AM

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Oil prices stable amid OPEC supply cuts, but US-China trade war drags

US West Texas Intermediate (WTI) crude futures were at USD 58.54 per barrel, 9 cents below their last settlement.

27 May 2019 9:54 AM

Oil rises on US-Iran tensions, but trade war concerns weigh

US West Texas Intermediate WTI crude futures were up 26 cents, or 0.4 per cent, at USD 63.36 per barrel.

21 May 2019 11:24 AM

Oil surges after OPEC indicates it will maintain output cuts

US West Texas Intermediate crude was 82 cents, 1.3 per cent, higher at USD 63.58 a barrel.

20 May 2019 10:33 AM

Saudi to supply an extra 2 million barrels a month to Indian Oil Corp from July

India had bought about 300,000 barrels per day (bpd) of Iranian oil under the six-month US sanctions waiver.

19 May 2019 9:56 AM

Saudi's Falih says oil stocks still building, but OPEC to act if needed

OPEC, Russia and other non-OPEC producers have agreed to reduce output by 1.2 bpd from Jan 1 for six months.

18 May 2019 1:46 PM

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