oil prices - page 27

Oil falls on oversupply; calls for producer meeting met with scepticism

EghtesadOnline: Oil prices fell on Wednesday as a global supply overhang weighed on markets, while talk of a potential producer meeting to discuss propping up prices was largely expected by analysts to have no impact on supplies.

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Publish Date:10/August/2016 | 09:04

Oil slips to $45 as glut overshadows hope for producer action

EghtesadOnline: Oil fell below $45 a barrel on Tuesday after rallying to a two-week high the previous day, as concern about a supply glut outweighed hopes of producer action to prop up prices.

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Publish Date:09/August/2016 | 09:23

OPEC Plans Informal Talks Next Month, Sees Oil Dip Temporary

EghtesadOnline: The Organization of Petroleum Exporting Countries will hold informal talks at a conference in Algiers next month and considers the recent decline in oil prices “temporary,” the group’s president said Monday.

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Publish Date:08/August/2016 | 11:00

Oil rises on new output freeze calls, but traders bet on further falls

EghtesadOnline: Oil prices rose on Monday, lifted by reports of renewed talks by some members of the Organization of the Petroleum Exporting Countries (OPEC) to restrain output.

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Publish Date:08/August/2016 | 10:30

Oil up 3 percent on big U.S. gasoline draw; WTI back above $40

EghtesadOnline: Oil prices jumped more than 3 percent on Wednesday, with U.S. crude futures returning to above $40 a barrel, after a larger-than-expected gasoline draw offset a surprise build in crude stockpiles in the No. 1 oil consumer.

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Publish Date:04/August/2016 | 24:12

Oil jumps as big U.S. gasoline drawdown offsets crude build

EghtesadOnline: Oil prices jumped about 2 percent on Wednesday, with U.S. crude futures returning above $40 a barrel, after the U.S. government reported a larger-than-expected gasoline drawdown that offset a surprise build in crude stockpiles.

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Publish Date:03/August/2016 | 15:43

U.S. crude edges back over $40, but oversupply still weighs

EghtesadOnline: Oil prices edged up on Tuesday after U.S. crude broke below $40 per barrel the previous session, but traders said fuel markets continued to be dogged by excess production.

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Publish Date:02/August/2016 | 10:37

Sinking Oil Prices Mean Fragile Unity for OPEC’s New Chief

EghtesadOnline: When OPEC’s new chief starts next week, he’ll take over an organization that’s largely reconciled internal differences after a two-year fight over strategy. But as oil prices sink again, that unity could be at risk.

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Publish Date:31/July/2016 | 09:22

Oil falls close to three-month low as oversupply weighs

EghtesadOnline: Oil prices fell close to three-month lows on Wednesday after U.S. industry data showed weekly oil stocks declined by less than expected, feeding into concerns over persistent oversupply dragging down prices.

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Publish Date:27/July/2016 | 10:20

Oil falls towards $44, lowest since May, on glut worries

EghtesadOnline: Oil on Tuesday hit its lowest since May, falling towards $44 a barrel, pressured by concerns that a long-awaited rebalancing of the market would be delayed due to excess supply.

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Publish Date:26/July/2016 | 11:18

Oil prices dip on ongoing oversupply, economic headwinds

EghtesadOnline: Oil prices held near two-month lows on Monday amid worries that a global crude and refined product glut would weigh on markets for some time to come.

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Publish Date:25/July/2016 | 08:06