Home Tags Crude

Tag: crude

Brent stalls below $78 as Iran loss seen offset by higher...

Oil struggled to gain above $78 a barrel as the prospect of shrinking Iranian crude exports was countered by signs of higher output from...

Oil holds gains as US rigs decline at fastest pace since...

Oil held gains above $68 a barrel on slowing American drilling and investor optimism after a breakthrough in a trade standoff between the U.S....

Oil bounces after longest losing run since 2015 on supply risks

The prospect of tighter supplies from the U.S. to the North Sea and Iran is helping oil recover this week from the longest losing...

Oil’s on its longest losing run since 2015 on turmoil and...

Oil headed for the longest run of weekly declines in three years, dragged down by everything from an emerging-market rout to rising global supplies...

Oil trades near $65 as inventory gain counters trade optimism

Oil traded near $65 a barrel as investors weighed a surprise gain in American crude inventories against optimism over trade talks between the U.S....

Oil set for sixth weekly loss as trade war stokes demand...

A bruising week for oil has set prices on course for the longest weekly losing streak in three years as a trade war between...

Oil holds loss near 7-week low as US-China trade war escalates

Oil held losses near a seven-week low as China vowed to retaliate against the U.S. administration’s latest tariffs, raising trade tensions between the world’s...

Oil’s near $69 as trade conflict counters latest supply risks

Oil held gains near $69 a barrel as falling American stockpiles added to speculation of tightening supplies, offsetting concerns over escalating trade tensions between...

Oil drifts near $69 as trade spat counters signs of lower...

Oil traded below $69 a barrel as investors weighed the prospect of shrinking global demand due to a trade spat between the world’s two...

Oil firms to lower fuel prices tomorrow

Oil companies are rolling back the cost of petroleum products this week, although at a rate lower than the price increases in recent weeks. Gasoline...

China rejects US request to cut Iran oil imports

The US has been unable to persuade China to cut Iranian oil imports, according to two officials familiar with the negotiations, dealing a blow...

Oil trades near $68 as inventory and OPEC output weigh on...

Oil traded near $68 a barrel after sliding for two consecutive sessions as rising US inventories and higher output from OPEC and Russia weighed...

Oil drops on inventories gain with Trump trade war back in...

Oil extended losses below $69 a barrel after a surprise gain in American crude inventories spooked investors who are already contending with the rising...

Oil rises most in a month amid heightened worldwide supply risks

Crude jumped the most in more than a month as concern that a key Canadian facility won’t return to full production as quickly as...

Fuel prices to rise tomorrow

After last week's brief respite, consumers are faced this week with another hefty oil price increase, with gasoline prices posting the biggest increase at...

What to watch in commodities: Iran, big oil, miners, gold, crops

It’s getting ugly out there. Commodities are getting shaken up as investors fret about the fall-out from the global trade war, and as the...

Oil holds gain near $70 as Saudis vow not to oversupply...

Oil held gains near $70 a barrel after Saudi Arabia signaled it won’t export oil beyond its customers’ needs, dispelling fears that it may...

Oil trades below $69 as investors weigh mixed inventories report

Oil traded below $69 a barrel as investors tried to gauge demand growth in the world’s biggest economy following conflicting data on US stockpiles. Futures...

Oil halts slide as possible stockpile drop counters supply boost

Oil arrested losses near the lowest level in more than three weeks as investors weighed the prospect of shrinking U.S. inventories against more supply...

Oil falls as Saudis are said to offer extra crude to...

Oil retreated below $71 a barrel as Saudi Arabia was said to offer extra crude supplies to some customers following a plan to boost...

Oil falls as trade war escalates, Libya plans to resume supply

Oil fell below $74 a barrel after US President Donald Trump escalated a trade war with China, heightening fears that global economic growth could...

There are fears about an oil spike above $150

Oil investors may regret urging companies to cough up cash now instead of investing in growth for later as the dearth of exploration is...

Trump ups pressure on OPEC to boost supply as oil holds...

Oil held near three-year highs on U.S. Independence Day as tight supplies at home and abroad overshadow a Saudi pledge to boost output. President...

Oil set for weekly surge as Saudis fail to allay supply...

Oil surged this week by the most in two months as Saudi Arabia’s assurance of increased output failed to assuage concerns that disruptions from...

Oil trades near three-year high as Libya crisis tightens supply

US crude traded near the highest in 3 1/2 years as disruption at Libyan ports and a plunge in American stockpiles reinforced fears of...

Oil holds near $75 as Libyan port dispute adds to supply...

Brent crude traded near $75 a barrel as key Libyan oil ports were handed to a company rivaling the nation’s internationally recognized energy producer. The...

Oil declines as traders assess Trump tariffs and Libya outage

Oil fell to near $65 a barrel as traders assessed escalating tensions between the world’s two biggest economies as well as an upcoming OPEC...

Energy department asked to provide clarity on planned oil import

The Energy department should provide clarity on its plan to import oil from Russia and non-members of the Organization of the Petroleum Exporting Countries...

Qatar says will not ‘fuel a war’ against Iran

Singapore -- Qatar will not be dragged into any conflict with Iran, a senior Qatari official said Sunday. Defense minister Khalid bin Mohammad al-Attiyah told...

DOE: First shipment of imported oil from non-OPEC sources to arrive...

The Department of Energy (DoE) targets to receive in June the first shipment of oil from non-members of the Organization of the Petroleum Exporting...

US oil poised for weekly loss as record output weighs on...

Oil in New York headed for a second weekly loss as U.S. output surged, pushing the American marker to near its weakest level in...

Oil drops after Saudi-Russia output revival plan rattles traders

Oil in New York headed for its longest run of losses since February after Saudi Arabia and Russia proposed raising production later this year. Futures...

Asia energy firms dive with oil, Trump-Kim hopes provide optimism

Hong Kong, China -- Energy firms plunged with oil prices in Asia Monday after Saudi Arabia and Russia signaled they could lift output, while...

Oil slumps as Saudis and Russia say reviving output on the...

Oil headed for its longest run of losses in almost four months as Saudi Arabia and Russia said they are discussing reviving output to...

Oil firms announce fuel price hike

Oil companies will be raising the prices of petroleum products this week, the third straight week that they will be doing so after a...

DoE to call for fuel tax suspension when average oil prices...

The tax reform law has a mechanism that calls for the Energy department to prompt the suspension of another increase in taxes imposed on...

Oil rises as Venezuela sanctions stoke crude supply risk concern

Oil extended gains as a new wave of U.S. sanctions on Venezuela stoked concerns over its crude production and as analysts forecast further declines...

Oil gains near $72 as world’s top economies reach trade truce

Oil advanced near $72 a barrel as an economic truce between the U.S. and China eased fears of a trade war, and before a...

Oil firms to raise fuel prices tomorrow

Oil companies will impose this week the biggest price increase for gasoline products so far this year at P1.60 per liter, with the prices...

Saudi, UAE oil ministers voice ‘concerns’ over price swings

Riyadh, Saudi Arabia -- The Saudi and Emirati energy ministers voiced concerns on Thursday over oil price fluctuations, saying they were determined to maintain...

Oil prices extend rally

London, United Kingdom -- Oil prices rallied further Thursday, reaching fresh 3.5-year highs, as US President Donald Trump's decision to tear up the Iran...

PXP Energy trims net loss in Q1

PXP Energy Corp. has trimmed its net loss to P3.7 million in the first quarter, in part because of the higher petroleum revenues and...

Oil trades above $70 as market awaits Trump call on Iran...

US oil rose above $70 a barrel for the first time since November 2014 as traders braced for a re-imposition of US sanctions on...

Oil pares monthly gain as US rigs counter Iran-deal risk

Oil fell as the US oil rig count rose for a fourth week, but was still poised for a second monthly advance. Futures in New...

Oil steadies as Trump unmoved by Macron push for new Iran...

Oil steadied amid signs that French President Emmanuel Macron was struggling in his push for a new deal that might prevent further US sanctions...