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Oil prices rise on falling shale output, renewed hopes of OPEC cut

EghtesadOnline: Oil prices rose around 2 percent on Tuesday to move away from multi-month lows struck the day before, pushed higher by expectations of falling shale output and renewed optimism that OPEC will deliver on touted production cuts.
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Publish Date:15/November/2016 | 06:12

Oil edges higher as markets recover from Trump's shock victory

EghtesadOnline: Oil prices reversed some early losses to push higher on Thursday as markets recovered from their initial shock at U.S. President-elect Donald Trump's surprise victory, although traders said that crude fundamentals remained weak.
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Publish Date:10/November/2016 | 07:54

Oil tumbles as Trump leads U.S. election in potential Brexit deja vu

EghtesadOnline: Oil prices tumbled on Wednesday as vote counting showed Donald Trump edging ahead in an unexpectedly tight U.S. presidential election, throwing world markets into turmoil in a result reminiscent of June's Brexit vote.
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Publish Date:09/November/2016 | 07:32

Oil prices bounce back after week of sharp falls

EghtesadOnline: Oil futures rose on Monday, with traders citing opportunistic buying following sharp declines in the previous week that brought prices to their lowest since early August because of ongoing weak fundamentals.
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Publish Date:07/November/2016 | 05:13

U.S. Stocks Post Longest Slide Since 1980, Bonds Rise Amid Angst

EghtesadOnline: U.S. stocks posted their longest slide since 1980, while Treasuries rallied after data showing progress in the American labor market did little to soothe anxiety over the presidential election. Oil slumped.
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Publish Date:05/November/2016 | 06:06

More Oil Spending Cuts Coming as U.A.E. Warns About Supplies

EghtesadOnline: International oil companies will probably cut investment spending about $370 billion this year and next, according to Wood MacKenzie Ltd., just as the United Arab Emirates warned that the “massive” number of projects being delayed because of the drop in crude prices could create a future shortage.
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Publish Date:05/November/2016 | 05:41

Oil extends losses after report shows surprise U.S. stocks build

EghtesadOnline: Crude oil prices fell for a fourth day on Wednesday, as jittery investors awaited official U.S. stockpile figures later in the day after industry data showed a surprise build in inventories, underlining a persistent global glut.
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Publish Date:02/November/2016 | 05:20

Oil's Heading to $40 If OPEC Fails, Says Goldman

EghtesadOnline: An OPEC deal to cut oil output at a meeting this month is looking increasingly unlikely, with failure warranting prices in the low-$40s, according to Goldman Sachs Group Inc.
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Publish Date:01/November/2016 | 24:57

Oil prices set for weekly drop on doubts OPEC can coordinate output cut

EghtesadOnline: Oil prices were steady on Friday, but on track for a weekly loss of more than 2 percent on uncertainty over whether OPEC would be able to coordinate a production cut big enough to curb a global glut that has dogged markets for two years.
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Publish Date:28/October/2016 | 09:34

Oil price declines weigh on European markets

EghtesadOnline: European shares fell on Wednesday maintaining a gloomy trend set in Asia and the United States, and with concerns about a global glut of oil looming over the market.
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Publish Date:26/October/2016 | 13:10

Asia stocks slide on Wall Street losses, oil drops on inventory rise

EghtesadOnline: Asian shares on Wednesday followed in the footsteps of Wall Street, which pulled back overnight on disappointing earnings, while the dollar inched down from a seven-month high and oil prices extended this week's losses.
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Publish Date:26/October/2016 | 04:28

Iran's ready to join oil freeze plan

EghtesadOnline: A senior Iranian oil official here on Monday voiced Tehran readiness to join the Organization of Petroleum Exporting Countries (OPEC) oil freeze plan to help stabilize prices in international markets.
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Publish Date:25/October/2016 | 10:16

Russian, Persian Gulf Arab Oil Ministers Meet as OPEC Cut Looms

EghtesadOnline: Russia’s energy minister met with counterparts from Saudi Arabia and other Persian Gulf Arab oil-producers to discuss steps to stabilize crude markets amid OPEC’s drive to win cooperation from the biggest supplier outside the group in limiting output to prop up prices.
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Publish Date:24/October/2016 | 09:14

Oil prices drop as Iraq says doesn't want to join OPEC cut

EghtesadOnline: Oil prices fell early on Monday as Iraq said it wanted to be exempt from any deal by producer cartel OPEC to cut production to prop up the market, and as U.S. drillers stepped up work.
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Publish Date:24/October/2016 | 08:25

Oil Market Glut Grows Bigger as Saudi Arabia Says Worst Is Over

EghtesadOnline: Listen to Saudi Arabia and hear the oil market is rebalancing. Look at the screen, and Brent is indeed holding above $50 a barrel. But dig deeper into the world of physical oil, and bearish signals abound, at least in the European market that helps dictate global prices.
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Publish Date:22/October/2016 | 08:54