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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

Asia stocks waver as policy uncertainty, weaker oil sap confidence

EghtesadOnline: Asian stocks wavered on Thursday as investors grappled with the apparently diminishing ability of major central banks to stimulate growth, while a tumble in crude oil prices added to the risk-averse mood.
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Publish Date:15/September/2016 | 06:44
Algerian oil finds an unlikely home far away in Australia when cheap shipping redraws long established trade routes

The Crazy, Mixed-Up Global Oil Market

EghtesadOnline: From Norway to the Bahamas, from Algeria to Australia. Ultra-low crude prices combined with cheap shipping rates are encouraging a host of exotic new oil trading routes that wouldn't look out of place in the latest travel brochures.
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Publish Date:14/September/2016 | 06:26

Oil rises on smaller-than-expected build in U.S. crude stocks

EghtesadOnline: Oil prices rebounded in Asian trade on Wednesday after falling by as much as 3 percent in the previous session, as data from an industry group showed a smaller-than-expected build in U.S. crude stocks.
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Publish Date:14/September/2016 | 05:09

Aussie Slides With Crude Oil, Iron Ore as European Stocks Rise

EghtesadOnline: The currencies of resource-exporting nations fell as concern about gluts dragged oil and iron ore lower. European equities rose and U.S. stock index futures declined as investors assessed the outlook for Federal Reserve policy after a turbulent couple of days in financial markets.
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Publish Date:13/September/2016 | 08:55

Oil prices fall on profit taking, eyes on China data

EghtesadOnline: Oil prices fell in early trade on Tuesday on concerns over increased drilling in the United States and as investors took profits after oil prices rose close to 1 percent in the previous session.
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Publish Date:13/September/2016 | 06:02

Four Scenarios for Oil Producers as They Seek to Boost Prices

EghtesadOnline: A meeting in Algiers at the end of September between OPEC and Russia -- which together pump more than half the world’s oil -- has raised expectations that a deal could be struck to boost prices.
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Publish Date:10/September/2016 | 09:48