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Friday, June 21, 2019

Tag: oil prices

Oil prices jump after ‘attack’ on tankers in Gulf of Oman

Oil prices spikes about 3% after an attack on two oil tankers in the Gulf of Oman.

Oil holds loss after entering bear market as US storage jump

Oil holds a loss – after slumping 3.4% and entering a bear market – as ballooning US inventories raised fears of a supply glut at the same time as demand is drying up.

Oil falls as boost in US stockpiles stirs fear of supply...

Oil prices slide as a surprise jump in US crude inventories stirred fears of a supply glut at a time when trade wars are already raising concerns about global demand.

Ringgit marginally higher against US dollar at opening

Improved global oil prices is good for the Ringgit as it opened marginally higher against the US dollar today.

Oil slumps to worst weekly loss of year as trade fears...

Oil limped to its worst weekly loss of the year as tensions lingered over how the trade feud between the world’s top economic superpowers will hit demand.

Oil set for biggest weekly drop of the year as trade...

The drop in oil prices will give the OPEC and its allies more incentive to extend their production cuts beyond June.

Oil falls as deepening trade war stokes fear over global growth

Oil has swung between gains and losses this month as investors assess conflicting demand and supply signals.

Oil climbs on falling US gasoline stockpiles and Gulf tension

SINGAPORE: Oil climbed for a third day in the longest run of gains in three weeks as falling US gasoline stockpiles supported the demand...

Oil drops as US stockpile report counters supply risk in gulf

Oil prices are falling after a drone attack in the gulf nation signalling the vulnerability of its energy infrastructure.

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...

Stocks edge up as oil slips

Investors have spent the holiday-shortened week so far in wait-and-see mode as conviction in the rally that’s powered stocks this year gets tested.

Bursa Malaysia keeps missing out on global rally

The benchmark FTSE Bursa Malaysia KLCI Index is down 14% from a record in May 2018.

Brazil’s economy minister says he can ‘fix’ Petrobras situation

Petrobras shares plunged more than 8% on Friday after Bolsonaro called the energy producer’s Chief Executive Officer Roberto Castello Branco and ordered him to cancel a planned increase in diesel prices.

Iraq finally pumping enough oil to flex muscles in Opec

Iraq was exempted from Opec production quotas for almost two decades, a concession granted because the country had been mired in conflict since 1980.

Oil edges higher amid tightening global supply, gains capped by economic...

Oil markets have been tightened this year by US sanctions on oil exporters Iran and Venezuela.

Oil prices hit highest in 5 months as Libya fighting tightens...

Libya is a significant supplier of oil to Europe, producing around 1.1 million barrels per day of crude in March.

Oil price benchmarks defying laws of supply and demand

US sanctions on Venezuelan and Iranian oil are creating a shortage of heavy to medium 'sour' crude that’s sulphurous and dense.

Oil prices rise, adding to biggest quarterly gain in 10 years

US officials had placed 'intense pressure' on Iran and want to ensure Malaysia and Singapore are aware of illicit Iranian oil shipments.

Oil set for best quarter in almost a decade

Oil has clawed back most of its losses in the final quarter of 2018 as Saudi Arabia led the OPEC and its allies in squeezing supplies to prevent a glut.

Trump asks Opec to pump more oil because prices are too...

Average US gasoline prices are at a four-month high, heightening concerns about the impact of the cartel’s policy on the nation’s consumers.

Oil prices drop almost 1% on concerns recession may be looming

Brent crude oil futures are at US$66.56 per barrel at 0410 GMT, down 47 cents, or 0.7%, from their last close.

Oil rally stalls near US$59 as US-China trade jitters return

China is said to be pushing back against US demands, raising speculation that trade tensions between the world’s biggest economies will persist.

Oil prices hover close to 2019 highs on Opec output cuts,...

US sanctions against oil producers Iran and Venezuela are also boosting prices, although the market may be capped by rising US output.

Oil closes near 4-Month high after 2nd straight weekly gain

Meanwhile, Saudi Arabia says it will continue to curb production and US sanctions have isolated 2 major exporters, Venezuela and Iran.