US Oil - page 3

Oil prices fall on OPEC output increase, rising U.S. crude stocks

EghtesadOnline: Oil prices fell around 1 percent on Wednesday after data showed a build in U.S. crude stocks and OPEC reported a rise in its production despite its pledge to cut back on output.

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Publish Date:14/June/2017 | 07:05

Oil in the $50s Is New Reality for CEOs Gathering in Russia

EghtesadOnline: A crude price in the $50s is the new reality for bosses of some of the world’s largest producers as output caps from OPEC and its allies are balanced out by rising U.S. shale.

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Publish Date:03/June/2017 | 03:55

Oil falls as U.S. drilling undermines drive to tighten markets

EghtesadOnline: Oil prices fell on Monday as a relentless rise in U.S. drilling undermined an OPEC-led push to tighten supply.

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Publish Date:29/May/2017 | 05:25

Trump's Bid to Sell U.S. Reserve Oil Could Undermine OPEC Cuts

EghtesadOnline: President Donald Trump has proposed selling off more than half of the U.S. emergency oil stockpile, potentially putting more crude on the global market and undermining OPEC’s efforts to prop up prices.

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Publish Date:24/May/2017 | 13:26

Oil dips on rising U.S. crude inventories, defies expected supply cut extension

EghtesadOnline: Oil prices fell on Wednesday after data showed an increase in U.S. crude inventories, stoking concerns that markets remain oversupplied despite efforts by top producers Saudi Arabia and Russia to extend output cuts.

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Publish Date:17/May/2017 | 08:43

Oil gives up earlier gains as rising US output, China concerns weigh

EghtesadOnline: Oil prices gave up earlier gains on Tuesday, as concerns over slowing demand and a relentless rise in U.S. crude output undermined the impact of hopes that OPEC-led production cuts could be extended.

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Publish Date:09/May/2017 | 04:44

Oil prices rise on expectation of output cut extension

EghtesadOnline: Oil prices rose on Monday as Saudi Arabia's energy minister said an OPEC-led production cut scheduled to end in June would likely be extended to cover all of 2017, although a relentless increase in U.S. drilling capped gains.

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Publish Date:08/May/2017 | 05:08

Oil rebounds on U.S. stocks drawdown, declining OPEC compliance weighs

EghtesadOnline: Crude oil prices bounced back on Wednesday as a decline in U.S. inventories underpinned the market, although a dip in compliance with OPEC efforts to reduce output and near record supplies capped gains.

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Publish Date:03/May/2017 | 04:47

Oil falls on bulging U.S. crude inventories, record global supplies

EghtesadOnline: Oil prices resumed their downward trend on Wednesday as data showed a rise in U.S. crude inventories and record supplies in the rest of the world cast doubt on OPEC's ability to cut supplies and tighten the market.

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Publish Date:26/April/2017 | 06:34

Oil falls after failed North Korean missile test, U.S. rig count gains

EghtesadOnline: Crude oil fell in quiet trading on Monday, after the three-day Easter break, on signs the United States is continuing to add output, undermining OPEC efforts to support prices, and as the market digested North Korea's failed missile launch on Sunday.

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Publish Date:17/April/2017 | 05:26

Aramco CEO Sees Oil Market Closer to Balance Despite U.S. Boom

EghtesadOnline: The global oil market is moving closer to balance even as increases in U.S. oil production push prices down in the short-term, Saudi Arabian Oil Co. Chief Executive Officer Amin Nasser said.

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Publish Date:15/April/2017 | 04:59

Oil Extends Longest Gain of 2017 as Saudis Seen Extending Curbs

EghtesadOnline: Oil advanced for a seventh day in New York, the longest gain since December, on confidence Saudi Arabia will support an extension to OPEC-led output cuts just as U.S. stockpiles show signs of shrinking.

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Publish Date:12/April/2017 | 08:32

Oil prices fall as U.S. rig count stokes oversupply worries

EghtesadOnline: Oil futures dipped on Monday as a higher U.S. rig count indicated rising shale output and stoked worries about global oversupply, while a stronger dollar also pressured prices.

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Publish Date:03/April/2017 | 04:55

Oil Falls Amid Record U.S. Stockpiles, Upcoming Producer Talks

EghtesadOnline: Oil dropped as U.S. crude supplies rose to an all-time high while investors await a meeting between OPEC and its allies that may signal whether they’ll extend output curbs.

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Publish Date:25/March/2017 | 06:20

U.S. supply concerns keep oil prices under pressure

EghtesadOnline: Oil prices slipped on Monday despite news that OPEC was supportive of extending a six-month deal to cut output as investors continue to grapple with worries about growing U.S. oil output and high inventories.

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Publish Date:20/March/2017 | 23:17

Oil Drops as U.S. Drilling Growth Threatens to Counter OPEC Cuts

EghtesadOnline: Oil fell as U.S. drilling continued to rise, undermining the potential for even an extended OPEC output-reduction deal to rebalance the market.

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Publish Date:20/March/2017 | 24:38

Oil prices hit 3-month low as U.S. rig count climbs

EghtesadOnline: Oil prices dropped to their lowest in three months on Monday despite OPEC efforts to curb crude output, dragged down as U.S. drillers kept adding rigs.

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Publish Date:13/March/2017 | 05:31

Saudi Arabia, Russia Offer United Front on Oil Production Cuts

EghtesadOnline: Saudi Arabia and Russia, the architects of an oil production cut that has stabilized prices, presented a united front on compliance just as rising U.S. inventories have sparked doubts about the OPEC and non-OPEC deal.

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Publish Date:08/March/2017 | 05:22

Oil prices hold steady for third day; eyes on economic data

EghtesadOnline: Oil prices were little changed for a third session on Tuesday, with investors searching for direction as concern over rising U.S. shale output offsets production cuts by OPEC and non-OPEC members.

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Publish Date:07/March/2017 | 05:42

Oil down on record U.S. crude stocks, flat Russian output

EghtesadOnline: Oil prices fell on Thursday after U.S. crude stocks hit an all-time high and official data showed Russian oil production unchanged in February, with no further cuts to tighten the market and drain global oversupply.

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Publish Date:02/March/2017 | 13:12