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Oil Stocks Rise Regardless of Supply Adjustments

EghtesadOnline: OPEC said on Tuesday oil inventories had continued to rise despite the start of a global deal to cut supply and raised its forecast of production in 2017 from outside the group, suggesting complications in the effort to clear a supply glut.
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Publish Date:15/March/2017 | 13:42

How Slipping Oil Prices Are Hurting the Global Reflation Rally

EghtesadOnline: The global market rally is facing a familiar nemesis: feeble oil prices . In the latest blow, Saudi Arabia announced Tuesday that it raised output back above 10 million barrels a day in February -- reversing about a third of the cuts made the previous month -- sending crude to the lowest level since late November. That pushed stocks and commodity-linked currencies, such as the ruble and the Norwegian krone, lower, while fueling demand for the relative safety of Treasuries.
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Publish Date:15/March/2017 | 06:03

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

Asian Stocks Gain, Oil Slides Before Fed and BOJ

EghtesadOnline: Asian equities rose and the dollar weakened as a positive U.S. jobs report helped investors position for a week of central bank policy decisions from Japan to the U.S. Oil slid for a sixth straight day.
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Publish Date:13/March/2017 | 05:17

Dollar firm in Asia, resource shares on the run

EghtesadOnline: The dollar stood firm in Asia on Thursday and bond yields spiked after super-strong U.S. jobs data made a rate hike a near certainty, while oil struggled to find its footing after U.S. stockpiles swelled past all expectations.
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Publish Date:09/March/2017 | 08:05

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

IEA Sees Oil Investment Revival After a Two-Year Rout

EghtesadOnline: Oil companies are reviving investment after a two-year rout as OPEC output cuts boost prices, easing but not eliminating the risk of a future supply crunch, the International Energy Agency said.
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Publish Date:07/March/2017 | 05:13

Oil rebounds from recent weakness, still rangebound

EghtesadOnline: Oil prices surged on Friday, as a weaker dollar encouraged buying but investors remained cautious after Russian production figures showed weak compliance with a global deal to cut output.
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Publish Date:04/March/2017 | 05:26

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

Iran expects oil market changes as Tillerson US secretary

EghtesadOnline: New changes are expected to happen in the global oil market as the former Exxon boss Rex Tillerson has become the United States’ secretary of state, Iranian Oil Minister Bijan Namdar Zanganeh has said.
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Publish Date:22/February/2017 | 16:06

Asia Stocks Gain Even as Topix Swings, Yen Rises

EghtesadOnline: Asian stocks rose even as Tokyo shares wrestled with a strengthening yen, as markets from Hong Kong to Singapore advanced after U.S. shares reached fresh records. The dollar fell against most major currencies while oil continued a rally.
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Publish Date:22/February/2017 | 05:06

Crude prices rise as investors bet big on oil strength

EghtesadOnline: Crude futures rose for a second day on Tuesday, with data showing hedge funds are betting big across oil markets following OPEC production cuts agreed last year.
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Publish Date:21/February/2017 | 05:35

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 rises on 90 percent compliance on OPEC output deal

EghtesadOnline: Oil prices rose more than 1 percent on Friday after the International Energy Agency (IEA) reported record initial compliance by OPEC members implementing last year's landmark deal to curb output in an effort to prop up global oil prices .
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Publish Date:10/February/2017 | 24:37

European Stocks Rise With Asia While Crude Slumps

EghtesadOnline: European stocks gained and Asian stocks recovered from early losses, while India’s Sensex was lower ahead of a central bank rates decision. Crude oil extended the worst two-day slump in four weeks.
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Publish Date:08/February/2017 | 08:51