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3126 News
  • Investors keep close watch on oil output details

    The oil price fell Tuesday, on news the US’ oil output capacity rose again last week. That news comes just days after OPEC and some non-OPEC members, confirmed their decision to extend the current output cap until the end of 2018 read » December 2017
  • Review to take place on June 21

    Oil prices rose after OPEC and non-OPEC members Thursday agreed to extend the current output cap, until the end of 2018. The group also stated its intention to meet on June 21, to discuss the situation and make changes to the cap agreement, if required. read » December 2017
  • Delegates still discussing details

    The oil price is rising Thursday, as reports suggest the output cap extensions has been agreed. No formal announcement has been made by OPEC. read » November 2017
  • OPEC delegates meeting over this week

    The oil price is edging lower again Wednesday, on news OPEC and non-OPEC delegates have discussed the likelihood of extending the current output cap through to the end of 2018, ahead of the Nov 30 Vienna meeting. read » November 2017
  • Shell's oil outlook supports

    European shares were higher Tuesday as investor sentiment was buoyed by positive UK bank stress test results and Shell's oil price outlook. read » November 2017
  • Potential extension of output cap also in focus

    the oil price is rising again Friday as the Keystone pipeline closure bites and as signs suggest an OPEC output cap extension could still go ahead. read » November 2017
  • US Fed minutes weigh on US currency

    The price of gold was treading water in afternoon trade. The value of precious metal rose late Wednesday following the release of the minutes from the latest US Federal Reserve meeting which weighed on the US dollar. read » November 2017
  • Investors continue to eye Nov 30 OPEC meeting

    The oil price is rising Wednesday on news of a bigger than expected drawdown of US crude oil inventories and that delivery of oil through a Canadian pipeline will be reduced by 85% until the end of November. read » November 2017
  • OPEC Nov 30 meeting to be closely watched

    The oil price is marginally higher Tuesday after a few days of declines. A mixed outlook is limiting price moves as investors await the output of the Nov 30 OPEC meeting and if US shale oil output continues to rise. read » November 2017
  • Iraqi oil exports drop helps slow pace of price declines

    The oil price fell again Thursday although at a slightly slower pace as news Iraqi oil exports were hit a little harder than thought. read » November 2017
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