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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 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

Oil prices flatline as U.S. drilling counters OPEC output cuts

EghtesadOnline: Oil prices held steady on Monday as investors gauged whether an increase in U.S. drilling rigs and record stockpiles would undermine efforts by producers to cut output and bring the market into balance.
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Publish Date:20/February/2017 | 05:27

Oil down 1 percent despite news OPEC could extend output cut

EghtesadOnline: Oil prices reversed gains to trade nearly 1 percent lower on Thursday but continued to hold in a tight range as the market weighed swelling U.S. inventories against possible renewed efforts by major oil producers to reduce a price-sapping glut.
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Publish Date:16/February/2017 | 21:16

Oil prices dip as rising U.S. supplies offset OPEC cuts

EghtesadOnline: Oil dipped on Wednesday, weighed down by ongoing high supplies despite an OPEC-led production cut, but prices remained within a narrow trading band that has been in place since late January.
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Publish Date:01/February/2017 | 05:27

Oil extends declines on rising U.S. output

EghtesadOnline: Oil prices extended declines on Monday, dragged down by signs of growing output in the United States that could partly offset output cuts by OPEC and other producers.
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Publish Date:30/January/2017 | 05:45

Oil eases on rising U.S. inventory, market looks to EIA data

EghtesadOnline: Oil edged lower on Wednesday as expectations of an increase in U.S. inventories weighed on the market, offsetting bullish momentum from output cuts announced by OPEC and other producers.
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Publish Date:25/January/2017 | 06:58

Oil firms after producer meeting, but high U.S. output weighs

EghtesadOnline: Oil edged up on Monday on statements over the weekend from OPEC and other producers that they have been successfully implementing output cuts, but gains were limited by a surge in U.S. drilling.
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Publish Date:23/January/2017 | 05:14

OPEC Shrugs Off Threat of U.S. Cutting Oil Imports

EghtesadOnline: OPEC’s two biggest suppliers to the U.S. shrugged off a vow by President Donald Trump to end dependence on the group’s oil, saying the world’s biggest economy would continue to need crude from abroad.
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Publish Date:23/January/2017 | 04:47