OPEC Output Cuts Cloud Iran Outlook

EghtesadOnline: Iran's oil minister said on Monday the country's crude oil output is notably below the levels it should be, but acknowledged that OPEC-led efforts to cut supplies and ease a persistent oversupply may undercut Iran's production plans in the long run.

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Publish Date:30/August/2017 | 13:38

Oil prices fall on concerns of oversupply as Libyan output recovers

EghtesadOnline: Oil prices fell on Wednesday, weighed down by concerns of oversupply as Libyan output improves and as U.S. gasoline inventories rose despite the peak summer driving season.

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Publish Date:23/August/2017 | 05:22

Industrials Push Rebound in U.S. Stocks; Oil Gains

EghtesadOnline: U.S. stocks closed up Friday buoyed by increases in the industrial and consumer discretionary sectors, while European shares reversed earlier gains and turned lower. Oil continued to climb as concerns about an oversupply faded.

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Publish Date:01/July/2017 | 05:21

Crude Slides Into Bear Market as Oversupply Distress Deepens

EghtesadOnline: Oil entered the first bear market since August as concerns worsen that OPEC is failing to ease a global supply glut.

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Publish Date:21/June/2017 | 04:09

Oil prices fall as hopes of production freeze fade

EghtesadOnline: Oil prices slipped on Thursday as the market focused on oversupply and fading hopes of a production freeze.

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Publish Date:25/August/2016 | 09:52

Oil prices fall as analysts say market still oversupplied

EghtesadOnline: Oil prices fell over 1 percent on Tuesday, with Goldman Sachs warning that August's price rally had been overdone and that a proposed oil production freeze at current near-record levels would not help rein in an oversupplied market.

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Publish Date:23/August/2016 | 06:31

Oil falls as August price rally seen overblown, China fuel exports jump

EghtesadOnline: Oil prices fell on Monday as analysts doubted upcoming producer talks would rein in oversupply, saying that Brent would likely fall back below $50 a barrel as August's more than 20-percent crude rally looks overblown.

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Publish Date:22/August/2016 | 09:29

Oil prices fall on doubts producers can agree output restraint

EghtesadOnline: Oil prices fell away from 5-week highs on Wednesday as analysts doubted possible producer talks to rein in ballooning oversupply would be successful.

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Publish Date:17/August/2016 | 09:34