Oil

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  • $49.59
  • 0.11 (0.22%)

News

Oil price slide slows, nerves creep in ahead of OPEC meeting

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.

Yesterday
  • Iraqi oil exports drop helps slow pace of price declines Iraqi oil exports drop helps slow pace of price declines Yesterday

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

  • IEA says US to become net exporter of oil IEA says US to become net exporter of oil 3 days ago

    The oil prices edged lower for a second day Tuesday on anticipation of an increase in Us oil production. The IEA world energy report also highlights a steep increase in US shale oil production going forward.

  • November OPEC meeting still closely eyed November OPEC meeting still closely eyed 2 weeks ago

    The oil price rose sharply Monday and remains well bid Tuesday on rising geopolitical tensions, including the Saudi crown prince's political purge. The November OPEC meeting also remains in mind ahead of expectations of a output cap extension.

  • All eyes look towards November OPEC meeting

    The oil price rose again Wednesday on news that OPEC compliance with the agreed output cap rose to 92% in October from September's 86%.

    3 weeks ago
  • OPEC output cap seen remaining in place

    The oil price remains above $60 per barrel Tuesday, as the current oil output cap between OPEC and some non-OPEC producers is expected to remain in place in 2018. Question marks are also being raised over the future level of output from US shale oil producers.

    3 weeks ago
  • Oil price still supported by other developments

    Oil price moved a little lower Thursday following data showing Us oil inventories rose unexpectedly in the week end Oct 20. However, the ongoing Iraqi conflict around Kirkuk and apparent growing support of an extension to the OPEC output cap helped limit the fall.

    4 weeks ago
  • Northern Iraq oil supply declines

    The oil price rose Monday as Iraqi fighting around the strategically important city of Kirkuk continued, Us oil drilling fell for a third week and OPEC continues to comply with the output cap agreement.

    4 weeks ago
  • Total CEO anticipates oil output cap to run for longer

    The oil price maintained its upward momentum Wednesday supported by a number of developments, including a higher than expected draw down on US oil stocks and comments the OPEC and Russia output cap agreement would likely be extended.

    5 weeks ago
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