Oil holds gains on hopes for non-OPEC output cuts
A gas flame is seen in the desert near the Khurais oilfield, Saudi Arabia June 23, 2008. Oil prices were steady on Friday, holding around 2-percent gains from the previous Continue Reading
Oil Climbs as Saudis Show Commitment to Cut Output Before Talks
Oil advanced as Saudi Arabia was said to have informed its customers it will stand by its commitment to cut production before OPEC meets with producers from outside the group Continue Reading
Expert Commentary: The Long Road To Oil Market Balance
• WTI has traded in a narrow range this week ($52.42/$49.61) heading into tomorrow’s meeting between Russia, Azerbaijan, Kazakhstan, Oman and Mexico which could help determine whether or not OPEC Continue Reading
Oil Prices Firm Ahead of Non-OPEC Meeting
Oil futures firmed on Friday, consolidating gains ahead of a weekend meeting of major oil-producing countries for a deal to cut production. Brent crude, the global oil benchmark, rose 0.5% Continue Reading
Crude Rises Ahead Of Non-OPEC Meeting
The mood of crude has flipped again, with optimism rising ahead of the NOPEC meeting at the weekend. Even though doubts persist, for today, oil prices push higher. Hark, here Continue Reading
Oil Recovers but Doubts About OPEC Production Cuts Remain
Oil prices clawed back some of Wednesday’s losses to close above $50 a barrel as market participants turned their attention to a planned meeting between OPEC and non-OPEC producers to Continue Reading
Oil traders see no market rebalancing until later in 2017: Kemp
Crude traders expect the oil market to begin tightening and gradually move into deficit, but the shift is not forecast to occur much before the second half of 2017. The Continue Reading
Oil prices rise on U.S. crude stock decline, weaker dollar
Oil prices edged up on Thursday, supported by a weaker dollar ahead of next week’s Federal Reserve meeting and by a drawdown in U.S. crude stocks. International Brent crude futures Continue Reading
Oil Falls As OPEC Euphoria Abates
As the meeting of NOPEC fast approaches this weekend, the mood in the oil market has shifted from euphoria to skepticism, as questions remain around the intent of key producers. Continue Reading
Oil drops on doubts output cut will be deep enough to end glut
Oil prices fell on Wednesday on persistent doubts a planned crude production cut led by OPEC and Russia would be deep enough to end a supply overhang that has dogged Continue Reading