Oil falls away from multi-year highs on surge in U.S. drilling, Iran sanctions opposition

EghtesadOnline: Oil prices on Monday fell away from last week’s multi-year highs as a relentless rise in U.S. drilling activity pointed to increased output, while resistance emerged in Europe and Asia to U.S. sanctions against major crude exporter Iran.

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Publish Date:14/May/2018 | 06:47

Oil jumps three percent as dollar falls, U.S. rig count drops

EghtesadOnline: Oil prices rose sharply on Friday, as the dollar fell and U.S. drillers cut rigs, feeding a rally that boosted global benchmark Brent crude to a weekly gain while U.S. crude was virtually flat on the week.

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Publish Date:19/August/2017 | 09:12

The U.S. Shale Boom Is Slowing Down

EghtesadOnline: Oil explorers reduced rigs drilling in U.S. oilfields this week, fueling optimism that a shale slowdown and OPEC production cuts will be enough to deflate a glut and strengthen crude prices.

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Publish Date:06/August/2017 | 06:37

Oil Posts Weekly Decline as U.S. Drillers Resume Expansion

EghtesadOnline: Oil prices declined for the week, as expanded U.S. drilling activity and added production offset a larger-than-expected drop in stockpiles.

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Publish Date:08/July/2017 | 04:18

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

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

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

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 recovers lost ground, but market remains under pressure

EghtesadOnline: Oil prices recovered ground on Monday following last week's big losses, driven by expectations that OPEC will extend a pledge to cut output to cover all of 2017, although a relentless rise in U.S. drilling capped gains.

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Publish Date:24/April/2017 | 05:53

Oil prices firm on strong demand, political uncertainty in Syria

EghtesadOnline: Oil prices were firm on Monday, supported by strong demand and political uncertainty in Syria, although another rise in U.S. drilling activity kept a lid on gains.

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Publish Date:10/April/2017 | 05:00

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 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