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Oil Prices Slip 1 Percent

EghtesadOnline: Oil prices fell about 1% on Friday as worries about rising US supplies outweighed OPEC pledges to boost compliance with output curbs.
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Publish Date:26/February/2017 | 13:11

Brent Crude Oil Benchmark Undergoes Biggest Change in Decade

EghtesadOnline: The Brent crude price benchmark for millions of barrels of physical crude sales each day is poised for its biggest shakeup in a decade with a new grade added to the mix from January next year.
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Publish Date:22/February/2017 | 04:57

Crude Oil Could Plunge to as Low as $30 a Barrel

EghtesadOnline: Crude prices could plunge toward $30 a barrel -- a rout of about 40 percent from current levels -- unless OPEC extends production cuts that are propping up the market, ABN Amro Bank NV said.
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Publish Date:22/February/2017 | 04:55

Kuwait Says OPEC Leaning on Non-Members to Cut More Oil Output

EghtesadOnline: OPEC is urging oil suppliers outside the group to fulfill their commitments to cut output, and crude prices will rise once producers demonstrate better compliance with their agreement to clear a global glut, Kuwait’s oil minister said.
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Publish Date:16/February/2017 | 20:11

Oil Prices Rise Above $56

EghtesadOnline: Oil strengthened slightly on Tuesday, supported by an OPEC-led effort to cut output while rising production elsewhere kept prices within the narrow ranges that have contained them so far this year.
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Publish Date:15/February/2017 | 11:40

Energy stocks look for catalyst out of doldrums

EghtesadOnline: Buoyant oil prices since Donald Trump's election have provided no lasting halo effect for energy stocks as the sector's profit rebound has lacked vigor, but that could change in the week ahead with a fresh crop of quarterly scorecards.
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Publish Date:11/February/2017 | 05:53

Oil overhang points to need for extended OPEC output cuts

EghtesadOnline: An OPEC-led production cut may well be accelerating a drawdown in global oil stocks that began last year, but implementing the reduction for just six months means the producer group will fall short of achieving its objective of rebalancing the market.
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Publish Date:10/February/2017 | 13:04

OPEC figures show over 90 percent compliance with supply cut: sources

EghtesadOnline: OPEC has delivered over 90 percent of pledged oil output curbs in January, according to figures the exporter group uses to monitor its supply, making a strong start in implementing its first production cut in eight years.
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Publish Date:10/February/2017 | 24:43

OPEC Output Cuts End Big Oil’s Trading Bonanza

EghtesadOnline: The oil-trading boom that cushioned the profits of Royal Dutch Shell Plc and BP Plc through the price slump of 2015 and early 2016 is over.
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Publish Date:10/February/2017 | 11:53

Oil price to rise: Iran’s oil minister

EghtesadOnline: Iran’s oil minister estimated that oil and gas condensations sale to reach $41 billion by the end of Iran fiscal year (20 March 2016- 21 March 2017), but it doesn’t mean that Tehran to receive $41 billion in cash because it takes times.
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Publish Date:16/January/2017 | 15:57

C. Europe Inflation Springs Back

EghtesadOnline: Inflation in Central Europe rebounded in December to multi-year highs, in a turnaround likely to continue this year on rising oil prices , a jump in wages and loose fiscal policies.
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Publish Date:15/January/2017 | 08:17

Oil rises on China demand forecast, but ample supplies hold prices back

EghtesadOnline: Oil prices rose on Thursday, supported by expectations of strong demand growth in China and signs that OPEC members are starting to cut output, but markets were still held back by rising U.S. crude inventories and plentiful global supplies.
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Publish Date:12/January/2017 | 09:35

Iran Crude Oil at $53

EghtesadOnline: Iranian crude oil continues its run into the bull-market territory on the back of a global pact to cut supplies that kicked in on January 1.
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Publish Date:09/January/2017 | 15:16

EU Inflation Highest in 3 Years

EghtesadOnline: Surging oil prices caused inflation in the 19-country euro zone to spike in December to its highest rate in more than three years, official figures showed Wednesday.
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Publish Date:05/January/2017 | 05:37

Wall Street set to open higher, Fed minutes eyed

EghtesadOnline: Wall Street looked set for a second day of gains on Wednesday as oil prices edged up slightly, and investors awaited the minutes of Federal Reserve's December meeting in which it raised interest rates.
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Publish Date:04/January/2017 | 14:44

Risk-On Trade Lifts Oil, Rand at Dollar Detriment

EghtesadOnline: The dollar fell against higher-yielding peers while U.S. stock futures rose with commodities, as an optimistic start to 2017 spread to emerging-market currencies.
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Publish Date:04/January/2017 | 14:19

Dollar, stocks log yearly gains, oil the biggest winner

EghtesadOnline: The dollar, oil and U.S. stocks slipped on Friday in thin pre-holiday trading on the last trading day of 2016, but ended the session with sizable gains for the year.
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Publish Date:31/December/2016 | 14:11