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Monday, June 17, 2019

Tag: oil

Foreigners bolster Saudi stocks as tension in the region mounts

Rising tensions in the Gulf region aren’t stopping foreign investors from supporting Saudi Arabian stocks, just four years after funds from abroad were first allowed to trade directly in Riyadh.

US warns UN of ‘clear threat’ from Iran after tanker attacks

Washington's view was not shared by other council members, who noted that there was no clear evidence to link Iran to the attacks.

Stock markets extend drop, oil recovers

Global stock markets are kicking off a new week with another bout of selling taking hold amid a ramp-up in trade war fears, a senior market analyst says.

Saudi king says attacks by Iran-backed groups threaten global oil

King Salman says the attacks on Saudi oil pumping stations not only threatens the security of the kingdom and the Gulf, but also maritime safety and global oil supplies.

Oil steadies as US inventory drop offsets angst over trade war

Oil is headed for its first monthly loss this year after a shattering of the trade truce between the US and China.

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.

Dreams of Comoros oil boom hang on seismic survey

Any economic miracle has yet to materialise, with only uncertain clues pointing to possible oil or gas deposits.

Saudi minister in favour of reducing oil inventories

Al-Falih says OPEC will be able to reach the best decision on output when they will have more data in their next meeting in June.

Iraq oil minister calls Exxon Mobil’s evacuation of foreign staff ‘unacceptable’

The evacuation came just days after the United States withdrew non-essential staff from its embassy in Baghdad.

Saudi Arabia says it seeks to avert war, ball in Iran’s...

Saudi Arabia will do what they can to avoid war, but is ready to respond if Iran decides on conflict.

Saudi minister says oil stocks still building, but OPEC to act...

OPEC's agreed share of the cuts is 800,000 bpd, but its actual reduction is far larger due to the production losses in Iran and Venezuela.

US pulls staff from Iraq, says Iran gave ‘blessing’ for tanker...

US staff from the American embassy in Baghdad and Iraq were evacuated following concerns of perceived threats from Iran.

Russia seen aiming to share Saudi output hike as OPEC+ meets

Russia will join the OPEC+ talks this weekend having barely fulfilled its pledged production cuts, but keen to secure a share of any potential output increase.

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 prices set for weekly fall as US-China trade tensions weigh

Oil prices may have risen as US increased its tariffs on China's goods and services but will likely fall over the week.

Iran’s oil minister warns that Opec collapse is likely

Zanganeh says Opec is in danger by the unilateralism of some members and the organisation faces the risk of collapse.

American refiners clean up their act as Opec shipments dry up

Starved of OPEC supplies, American refiners in February processed the least-dense crude in data going back to 1985.

US and Japan confirm ‘joint desire’ to stop Iran oil imports

President Donald Trump and Japan's premier Shinzo Abe are desiring for Iran to seek a more peaceful course forward over its oil exports.

Russia won’t immediately raise oil output after Iran waivers end

Russia is ready to meet demands of partners all around the world but will respect an agreement made with OPEC which is in force until July.

Indonesia’s Pertamina buys first ever US crude oil cargo

The shipment of close to 600,000 barrels of West Texas Intermediate (WTI) Midland crude was loaded onto the Aframax tanker China Dawn.

Glut forces LNG producers to offer flexible deals from global portfolios

It is said that LNG supplies are expected to grow by a 40 million tonnes record.

Oil climbs toward US$75 in London after US’s Iran crackdown

Oil had already climbed almost 40% this year as Opec nations reduced production.

India to looking at options to make up for Iran oil...

The minister also stated that Indian refiners are ready to meet national demand.

Iraq ‘ready’ to boost crude exports after Iran waivers end

Iraq, Opec's second-largest producer, has the capacity to increase its crude oil exports.