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Brent, WTI Prices Off 7-Week Lows

EghtesadOnline: Oil prices came off seven-week lows on Monday but remained under pressure after Japan said it was weighing releasing oil reserves and as the Covid-19 situation in Europe worsened, raising concerns about both oversupply and weak demand.
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Publish Date: 23/November/2021 | 16:57

Brent, WTI Prices Steady

EghtesadOnline: Oil prices were steady on Monday with investors and traders awaiting crucial talks by OPEC+ following disagreement over output within the group that could lead to major producers pumping up volumes to grab market share.
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Publish Date: 06/July/2021 | 24:35

Brent Crude Eases, But Stays Near $70

EghtesadOnline: Brent crude prices eased on Friday but hovered near $70 a barrel as production cuts by major oil producers constrained supply, with optimism about a recovery in demand for the resource in the second half of the year also lending support.
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Publish Date: 13/March/2021 | 19:07

Brent, WTI at 13 Month Highs

EghtesadOnline: Oil prices soared on Monday to their highest in about 13 months as fears of heightened tensions in the Middle East prompted fresh buying, while hopes that a US stimulus and an easing of lockdowns will buoy fuel demand provided support.
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Publish Date: 16/February/2021 | 16:25

Brent, WTI Prices Steady

EghtesadOnline: Oil prices held steady on Monday as a better than expected quarterly rebound for China’s economy countered fears over soaring Covid-19 cases around the world and tight restrictions that could dent economic growth and fuel consumption.
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Publish Date: 19/January/2021 | 15:12

Brent, WTI Fall on Supply Glut Fears

EghtesadOnline: Oil prices fell on Monday on oversupply concerns as OPEC and its allies wind back production cuts in August and a rise in worldwide Covid-19 cases points to a slower pick-up in fuel demand.
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Publish Date: 04/August/2020 | 24:30

Brent, WTI Prices Stumble

EghtesadOnline: Oil prices fell on Monday as a continued surge in coronavirus cases globally forced a series of renewed lockdowns, including strict new measures in Southern California in the United States, the world’s top oil consumer.
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Publish Date: 08/December/2020 | 16:16

Brent, WTI Prices Stumble

EghtesadOnline: Oil prices fell on Monday as a continued surge in coronavirus cases globally forced a series of renewed lockdowns, including strict new measures in Southern California in the United States, the world’s top oil consumer.
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Publish Date: 08/December/2020 | 16:16

Brent, WTI Prices Plunge

EghtesadOnline: Oil prices dropped 1% for a second straight session on Monday as US producers began restoring output post-Hurricane Delta.
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Publish Date: 13/October/2020 | 13:28

Brent at Five-Month High on UAE Supply Cuts, China Data

EghtesadOnline: Oil rose on Monday, with Brent touching the highest in five months, underpinned by a 30% cut in Abu Dhabi crude supplies and encouraging Chinese data even as global demand struggles to return to pre-COVID levels in a well-supplied market.
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Publish Date: 01/September/2020 | 11:41

Brent, WTI Prices Edge Down

EghtesadOnline: Oil prices fell on Monday, after Saudi Arabia and Russia delayed a meeting to discuss output cuts that could help alleviate global oversupply as the coronavirus pandemic pummels demand.
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Publish Date: 06/April/2020 | 23:04

Brent, WTI Extend Decline

EghtesadOnline: Oil prices extended declines on Monday, dragged down by worries about lower demand in the world’s largest oil importer China following the coronavirus breakout.
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Publish Date: 04/February/2020 | 13:19

Oil Hits $70

EghtesadOnline: Oil prices rose a further 2% on Monday, pushing Brent above $70 a barrel, as rhetoric from the United States, Iran and Iraq fanned tensions in the Middle East after a US air strike which martyred a top Iranian military commander in Iraq.
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Publish Date: 07/January/2020 | 13:13

Brent, WTI Prices Surge as OPEC Extends Cuts

EghtesadOnline: The letter of association drawn up to clarify the terms of cooperation between OPEC and non-OPEC members is not binding and will not impact the half-a-century old organization.
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Publish Date: 03/July/2019 | 11:31

Brent, WTI Prices Fall by Over 1%

EghtesadOnline: Oil prices dropped by more than one % on Friday as clouds gathered over the global economy after the European Central Bank (ECB) warned of continued weakness and fresh data showed Chinese exports and imports slumped last month.
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Publish Date: 09/March/2019 | 15:05

Oil prices firm with Brent nearing $80 on supply worries

EghtesadOnline: Oil prices rose on Tuesday, with Brent edging closer to $80 per barrel, on concerns that Venezuela’s crude output could drop further following a disputed presidential election and potential U.S. sanctions on the OPEC-member.
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Publish Date: 22/May/2018 | 07:15

OPEC Does Not Want Brent Over $60

EghtesadOnline: OPEC members do not want Brent oil to rise above $60 a barrel because higher prices could bring more supply from shale output, Iran’s oil minister said.
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Publish Date: 10/January/2018 | 14:11

Oil Market Glut Grows Bigger as Saudi Arabia Says Worst Is Over

EghtesadOnline: Listen to Saudi Arabia and hear the oil market is rebalancing. Look at the screen, and Brent is indeed holding above $50 a barrel. But dig deeper into the world of physical oil, and bearish signals abound, at least in the European market that helps dictate global prices.
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Publish Date: 22/October/2016 | 08:54