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Oil prices, stocks up on surprise OPEC deal though gains seen fizzling

EghtesadOnline: Oil prices extended gains in Asia on Thursday, boosting stock markets, after OPEC members agreed to curb output in a surprise deal, though investors were wary of chasing markets higher as the U.S. presidential election nears.
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Publish Date:29/September/2016 | 04:56

Oil soars 6 percent as OPEC reaches deal to limit output in November

EghtesadOnline: Oil prices settled up nearly 6 percent on Wednesday after OPEC struck a deal to limit crude output at its policy meeting in November, its first agreement to cut production since 2008 and after the market crashed on oversupply.
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Publish Date:29/September/2016 | 04:42

OPEC agrees modest oil output curbs in first deal since 2008

EghtesadOnline: OPEC agreed on Wednesday modest oil output cuts in the first such deal since 2008, with the group's leader Saudi Arabia softening its stance on arch-rival Iran amid mounting pressure from low oil prices .
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Publish Date:29/September/2016 | 04:19

European Stocks Rise as Oil Sub-$45 Before Algiers; Dollar Gains

EghtesadOnline: European stocks rose with U.S. equity index futures as oil stabilized below $45 a barrel before major producers meet to discuss output constraints in Algiers. The dollar strengthened versus most peers.
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Publish Date:28/September/2016 | 07:57

Asia stocks edge down on Europe bank woes, lower oil

EghtesadOnline: Asian stocks were mostly lower on Wednesday, with European banking sector concerns and lower crude oil prices dulling investors' appetite for riskier assets.
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Publish Date:28/September/2016 | 04:56

Iran downplays chances of oil deal, UAE keen on freeze

EghtesadOnline: Iran downplayed on Monday the chances of OPEC and non-OPEC oil producers clinching an output-restraint deal in Algeria this week even though several other members of the group said they still hoped for steps to tackle a price-eroding glut of crude.
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Publish Date:27/September/2016 | 04:21

Oil slumps 4 percent as no output deal expected for OPEC

EghtesadOnline: Oil prices tumbled 4 percent on Friday on signs Saudi Arabia and arch rival Iran were making little progress in achieving preliminary agreement ahead of talks by major crude exporters next week aimed at freezing production.
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Publish Date:24/September/2016 | 24:12

Oil rises on weaker dollar after U.S. crude stock draw

EghtesadOnline: Oil rose for a second day on Thursday as a weaker dollar and a surprisingly large drop in U.S. crude inventories emboldened investors ahead of next week's meeting between OPEC members and Russia to discuss supply.
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Publish Date:22/September/2016 | 11:47

Oil bet gone wrong: rusting tankers and rigs clog up Asian waters

EghtesadOnline: Some 15 km (9 miles) from the bustling port of Singapore,a rusting tanker as big as the world's largest aircraft carriers lies idle in a muddy estuary flanked by mangrove trees on the coast of southern Malaysia.
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Publish Date:22/September/2016 | 10:45

Oil climbs after surprise drop in U.S. crude inventories

EghtesadOnline: Oil prices jumped 2 percent on Wednesday after a surprisingly large drop in U.S. crude inventories and as an oil services workers strike in Norway threatened to cut North Sea output.
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Publish Date:21/September/2016 | 11:16

OPEC secretary-general says may call extra meeting if consensus at Algiers: APS

EghtesadOnline: OPEC members may call an extraordinary meeting to discuss oil prices if they reach consensus at an informal gathering in Algiers this month, OPEC Secretary-General Mohammed Barkindo said during a visit to Algeria, the country's state news agency APS reported on Sunday.
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Publish Date:19/September/2016 | 06:04

Oil climbs as Venezuela sees output deal, Libya suffers clashes

EghtesadOnline: Oil prices rose almost 2 percent on Monday, after Venezuela said OPEC and non-OPEC producers were close to reaching an output stabilizing deal and as clashes in Libya raised concerns that efforts to restart crude exports could be disrupted.
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Publish Date:19/September/2016 | 05:48

Asia stocks rise before central bank meetings, oil bounces

EghtesadOnline: Asian shares advanced on Monday ahead of central bank meetings in the United States and Japan this week, while oil prices bounced on talk of an OPEC deal on output and reports of fighting around Libyan oil ports.
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Publish Date:19/September/2016 | 05:22

Iran supports any move to stabilize oil market: Rouhani

EghtesadOnline: Iran's President Hassan Rouhani said Tehran supports any move to stabilize the global oil market and lift prices, the Iranian oil ministry news agency SHANA quoted him as saying on Sunday.
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Publish Date:18/September/2016 | 08:50
Google searches for the term have plunged alongside oil prices.

Here's One Sign That 'Peak Oil' Is Dead

EghtesadOnline: Peak Oil: gone and forgotten? Google Inc. searches for the idea that once helped propel oil prices to nearly $150 per barrel have dwindled to almost nothing, according to a Sanford C. Bernstein analysis.
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Publish Date:17/September/2016 | 10:23