25.9 C
Kuala Lumpur
Monday, July 22, 2019

Tag: crude oil

Oil trades near US$60 despite storm disruption, glut concerns

Oil has been buoyed by shrinking US crude stockpiles and rising tensions in the Middle East,

Russia meets its OPEC+ target in May

May was the first full month of compliance by Russia this year, producing 76,000 barrels a day below the cap for the nation set under the OPEC+ deal.

Pompeo says Iran attacked oil tankers to raise global oil price

Bolton says evidence that Iran was behind the attacks would be presented to the United Nations Security Council next week.

Oil rises as Saudi Arabia reports drone attacks on pump stations

LONDON: Oil rose as Saudi Arabia reported drone attacks on pumping stations, the latest escalation in Middle East tensions after tankers were hit by...

Oil drops as Trump rhetoric dims hopes of US-China trade deal

Crude futures in New York fell as much as 1% after closing up 1.2% on Wednesday following a surprise drop in US oil inventories.

Top oil buyers rue global chaos bringing back seller’s market

"With OPEC keen to avoid last year’s mistakes where they pre-emptively raised supply, buyers will need to pay up before producers raise output.'

End of Iran sanctions waivers to hit Indian economy

'US sanctions on Iran is a double whammy for India after the Venezuelan sanctions.'

Cornered by Iran sanctions, Turkey is said to eye more Iraqi...

The US is ending waivers that allowed a few countries including Turkey to continue importing oil from sanctioned Iran.

What oil at $100 a barrel would mean for the world...

Rising oil prices will hurt household income and spending and it could accelerate inflation.

Crude oil touted as health cure in Azerbaijan

Despite warnings of crude oil's carcinogenic properties, people with ailments still flock to Azerbaijan to immerse themselves in oil for supposed health benefits.

Oil prices slip, but ongoing supply cuts support

US crude inventories fell by 1.4 million barrels in the week to April 12, compared with analyst expectations for an increase of 1.7 million barrels.

Oil refiners to Opec+: We need more of your crude

The world’s refineries will need to process about 700,000 barrels a day more oil by next year directly as a result of a rule to cut the maritime industry’s sulphur emissions.

Higher commodity prices, trade talk optimism to lift FBM KLCI next...

Bursa Malaysia is expected to trade higher next week, with the strengthening of the Ringgit, while global crude oil is currently trading at above US$69 per barrel.

Oil extends decline as Trump urges Opec to boost production

It’s the second time this year he has urged the cartel to backtrack on its current policy of cutting production.

IEA: US set to become net exporter of oil

New technology allowing oil and gas extraction from shale rock formations has led to a boom in oil production in the US in recent years.

Oil gains as US fuel supply drop counters crude-stock jump

Oil has surged more than 20% this year as Opec and its allies restrain output in a bid to balance the market.

Oil firms as US-China trade deal appears close

US President Donald Trump and Chinese President Xi Jinping could reach a formal trade deal at a summit around March 27 given progress in talks between the 2 countries.

Pertamina to process crude oil at Petronas refineries

The Indonesian oil corporation wants to process crude produced from its Malaysian fields and from Iraq.

Oil rises 2% as US crude stocks plunge, Opec brushes off...

US crude output has set record highs for 2 straight weeks, hitting 12.1 million bpd last week.

Asia stocks set for mixed open; crude oil drops

Traders will be looking for any signs that the progress on trade expressed by the worlds two biggest economies is warranted enough to build on a global rally in equities.

Oil gains on Saudi output cuts; rally limited by US output

Oil price has risen by 20% so far this year, yet most of that increase came in early January.

Oil dips as gloomy economic outlook outweighs Venezuela supply concerns

International Brent crude oil futures are 6 cents below their last close, at US$61.26 per barrel.

Oil prices fall on rising US rig count, economic slowdown

High supply and an economic slowdown are weighing on the oil price outlook.

Oil prices edge down as global growth worries threaten demand

The slowdown in growth in China has also clouded the outlook..