Tags » Oil Markets

Oil: OPEC meeting at month-end in focus


  • Oil markets were tepid Monday ahead of an OPEC meeting at the end of the month to decide whether to continue output cuts
  • Brent crude futures were at $62.56 per barrel, down 0.3 percent from their last close…
366 more words

Oil stable as OPEC cuts counter rising US supplies


  • Oil markets were stable
  • U.S. crude inventories rose for a second week in a row, building by 1.9 million barrels in the week to Nov.
358 more words

The oil market has 'gotten ahead of itself.'

Here’s what could drag it back down to the $40s

  • There are two forces at work in the oil market, keeping crude trading in a tight range.
459 more words

PresidentĀ Donald Trump's announcement of a new Iran strategy won't necessarily have an immediate impact on the oil market

Deterioration of Iran deal could have ‘meaningful impact’ on oil market next year: Analyst

  • President Donald Trump’s announcement of a new Iran strategy won’t necessarily have an immediate impact on the oil market, but that could change, experts warned on Friday.
437 more words

Adopt "some extraordinary measures" in 2018 in order to rebalance the market!

OPEC calls on US shale oil producers to accept ‘shared responsibility’ of slashing global supply

  • “We urge our friends, in the shale basins of North America to take this shared responsibility with all seriousness it deserves,” OPEC General Secretary, Mohammed Barkindo, said on Tuesday.
350 more words

Oil ends at 4-week high as refineries reopen

New hurricane sparks fears of potential damage to U.S. oil production


Hurricane Irma, a record Category 5 storm, is heading toward Florida.


SaraSjolin… 670 more words