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Wednesday, October 23, 2019

Tag: bpd

Oil prices firm on trade hopes, but record US output drags

Prices are rising on hopes that Washington and Beijing could resolve their trade disputes, which have dented global economic growth.

Oil prices edge down as US fuel stockpiles grow more than...

Gasoline stockpiles climb 7.5 million barrels, far exceeding analyst expectations for a 2.8 million-barrel gain.

Oil prices slide as concerns about global economy, oversupply weigh

Concerns about slowing global economic growth have dampened investor demand for riskier asset classes and pressured crude futures.

Oil prices extend gains on expected Opec-led production cuts

Opec's biggest problem is surging production in the United States, where output has grown by around 2 million bpd in a year to more than 11.5 million bpd.

Oil slips after industry reports larger than expected US build

Oil, which closed at a seven-month low in New York on Tuesday, slipped further after an industry report was said to show a larger-than-expected increase in US crude inventories.

Oil prices fall on rising supply, global market woes

Oil is also being weighed down by signs of rising supply from top producers.

Saudi ready to boost oil output, spare capacity

Saudi Arabia has already boosted its daily output to well over 10.5 million bpd to meet rising demand in the wake of several production disruptions in other countries.

Oil edges up on looming Iran sanctions, but US-China trade war...

Oil prices edged up as markets were expected to tighten once US sanctions against Iran's crude exports are implemented next month.

Oil prices rise on signs Iranian oil exports are falling further...

US crude stockpiles were forecast to have risen for the fourth straight week by about 1.1 million barrels in the week ended Oct 12.

Oil prices rise amid Saudi tensions, but demand outlook drags

Saudi Arabia has been under pressure since Jamal Khashoggi, a prominent critic of Riyadh and a US resident, disappeared on Oct 2 after visiting the Saudi consulate in Istanbul.

Oil prices fall as US may grant some waivers on Iran...

Limited spare production to deal with further supply disruptions means the capacity is quickly declining due it Asia's insatiable demand.

Traders bet on oil at US$100 as Iran sanctions loom

Implied volatility for very bullish Brent options that expire after the Nov 4 resumption of sanctions has overtaken that for very bearish options, suggesting increased demand for such bullish bets.

Oil firm on Iran sanctions, but rising US supply and strong...

Traders said global oil markets remained tense because of the looming US sanctions against Iran's oil exports, which kick in from Nov 4.

Asia’s troubled emerging markets to shave oil demand next year

When oil prices declined in 2014, many governments including India and Indonesia, increased fuel taxes or removed subsidies leading to record high retail fuel prices as crude prices rose.

Oil rides longest weekly rally since May with eyes on US$100...

Concerns over tightening supplies are growing as more buyers of Iranian crude shun purchases from the Islamic Republic before US sanctions take full effect in early November.

Can China influence global oil prices? The debate heats up

The long-awaited yuan-denominated contract debuted in March with a plan to increase China’s influence over pricing as well as promote the use of its currency in international commerce.

Hibiscus Petroleum to double production

The company, which develops small oil and gas fields in Asia, has two major producing assets.

Oil prices could rise to US$100 a barrel by 2019, warn...

Crude oil prices could rise to US$90 per barrel by Christmas and to US$100 by the New Year as markets tighten.

Ringgit opens lower despite higher oil prices

The ringgit however traded mostly higher versus other major currencies.