Oil price above $50 may give local market a boost
An overnight rebound in oil prices may buoy Arabian Gulf stock markets on Wednesday, while Saudi Arabia could regain some strength as the latest corporate earnings have been…
oil
Oil prices rise on export curb pledge
Oil prices pushed higher after a fresh pledge from Saudi Arabia to reduce exports. It also urged Opec members to to help cut global oversupply which has held back…
OPEC meeting comes
OPEC is worried that its plan to drain a global oil glut — and thereby raise crude prices — isn’t working. A long-planned meeting in…
Oil is stable ahead of producer meeting
Oil prices held around a one-week low on Monday ahead of a joint OPEC and non-OPEC meeting later in the day that may address rising…
Oil prices slip
Oil prices posted more gains this week, as the EIA reported deeper inventory reductions with Brent briefly traded above $50 per barrel for the first…
Crude oil passes the $50
Difficult situation in the Middle East ensnare several members of the Organization of Petroleum Exporting Countries who meet next week on a production deal. Declining productivity in…
Oil flat ahead of decisive Opec meeting
Oil prices were little changed on Friday ahead of a key meeting of major oil producing nations next week, sitting below the $50 a barrel…
India will import less Iranian oil in 2017/18
India’s government-run refiners plan to import less Iranian crude oil in the 2017/2018 fiscal year ending March 2018, than the crude from Iran they bought in the…
Oil is steady after big drop in USA fuel stocks
Oil prices held steady on Thursday, hanging on to gains made the previous session when falling U.S. crude inventories lifted the market, as analysts offered…
Price of oil is living on borrowed time
Most experts agree that the future of oil is not bright at all. Just before prices fell from their highs at over $110 per barrel…