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oil up 1 percent, posts weekly gain of 5 percent

EghtesadOnline: Oil rose 1 percent on Friday, boosted as U.S. crude producers added only two rigs in the latest week and on signs of increased Chinese demand, but trading was volatile as global supply remained strong.
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Publish Date:15/July/2017 | 04:57

Iran Crude Prices Up, Exports Above 2 mbpd

EghtesadOnline: Iran's crude oil traded at about $43 per barrel in the week to June 30 amid concerns about rising US crude inventories and limited impact of an OPEC-led scheme to reduce supplies and raise prices.
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Publish Date:10/July/2017 | 08:23

Oil prices rise on first drop in U.S. drilling in months

EghtesadOnline: Oil prices rose on Monday, lifted by the first fall in U.S. drilling activity in months, although gains were capped by reports of rising OPEC output last month even as the group has pledged to cut supply.
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Publish Date:03/July/2017 | 04:43

All eyes on July for U.S. oil demand to drain glut

EghtesadOnline: U.S. oil traders are hoping the sweltering days of July are also hot ones for demand, believing the new month is the last best opportunity this year to see the overhang of inventories finally subside.
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Publish Date:02/July/2017 | 08:49

Stocks Are Ignoring Oil's Bear Market

EghtesadOnline: The bear market in crude in many ways resembles its more severe predecessors from 2014 and 2016: oil prices plummeting, non-U.S. producers floundering to keep supply at bay and concerns swirling around the impact of energy companies on high-yield bonds.
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Publish Date:24/June/2017 | 04:55

Oil prices dip on further rise in U.S. drilling, demand slowdown

EghtesadOnline: Oil prices dipped on Monday, weighed down by a continuing expansion in U.S. drilling that has helped to maintain high global supplies despite an OPEC-led initiative to cut production to tighten the market.
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Publish Date:19/June/2017 | 04:37

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 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 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

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