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U.S. oil, gas reserve-based loans rise by 5 pct

EghtesadOnline: U.S. oil and gas companies are seeing their credit limits expand for the first time in two years as improving oil prices increase the value of their reserves against which banks lend.
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Publish Date:30/December/2016 | 06:11

Iran heavy oil registers record price

EghtesadOnline: Iran's heavy oil allocated the highest price increase in the week ended December 16 gaining 2 dollars-and 2 cents reached 51 dollars- and 70 cents a barrel.
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Publish Date:25/December/2016 | 18:03

OPEC Deal Tests Oil Majors’ Appetite for Risk and Reward

EghtesadOnline: OPEC’s deal to cut production and boost prices gives oil companies the opportunity to shake off two years of layoffs and slumping profits to start investing again -- if they still have the risk appetite.
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Publish Date:19/December/2016 | 21:02

Oil prices stable, supported as output cuts hit market

EghtesadOnline: Oil prices were stable on Tuesday, buoyed by soaring demand in Asia and as signs of a crude production cut organized by OPEC and other exporters materialized, tightening a market that has been grappling with years of oversupply.
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Publish Date:13/December/2016 | 05:26

Stocks look for direction ahead of Fed; oil prices jump

EghtesadOnline: The S&P 500 and the Dow were set to open little changed, while the Nasdaq was on track to open lower on Monday, after the three major indexes registered fresh record highs on Friday.
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Publish Date:12/December/2016 | 14:39

Oil Seen Headed to $60 as Saudis Signal Deeper Output Cuts

EghtesadOnline: Oil may climb to $60 a barrel for the first time in almost a year and a half after Russia and other unaffiliated nations joined an OPEC pledge to reduce production and Saudi Arabia surprised the market by saying it will cut more than previously agreed.
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Publish Date:12/December/2016 | 13:55

Oil Surges as Saudis Eye Deeper Cuts While Non-OPEC Joins Deal

EghtesadOnline: Oil jumped to the highest since July 2015 after Saudi Arabia signaled it’s ready to cut output more than earlier agreed and non-OPEC countries including Russia pledged to pump less next year.
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Publish Date:12/December/2016 | 13:48

Oil prices soar on global producer deal to cut crude output

EghtesadOnline: Oil prices shot to their highest levels since mid-2015 on Monday after OPEC and other producers reached their first deal since 2001 to jointly reduce output in order to rein in oversupply and prop up markets.
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Publish Date:12/December/2016 | 05:23

OPEC, Russia see smooth road to global deal on output cut

EghtesadOnline: Russia and Saudi Arabia said they expect OPEC and non-OPEC producers to reach an agreement on Saturday to curtail oil output and prop up prices in the first such joint move since 2001.
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Publish Date:10/December/2016 | 13:27

Oil prices fall as production creeps up ahead of announced 2017 output cut

EghtesadOnline: Oil prices fell by one percent on Monday as a higher U.S. rig count unsettled markets amid nagging concern that output cuts, planned as part of concerted action between producer club OPEC and Russia, might not be as big as initially anticipated.
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Publish Date:05/December/2016 | 10:13

OPEC Fights Against History, $1 Trillion Money Manager Says

EghtesadOnline: David Hunt, chief executive officer of PGIM, Prudential Financial Inc.’s $1 trillion asset manager, cautioned against overreacting to the surge in oil prices as OPEC clinched a deal to curtail supply.
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Publish Date:30/November/2016 | 21:14

Oil jumps on OPEC deal; bond rout resumes

EghtesadOnline: Oil jumped on Wednesday as OPEC members clinched a deal to cut production, while upbeat U.S. economic data and comments from the U.S. Treasury Secretary nominee triggered a selloff in the bond market.
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Publish Date:30/November/2016 | 20:13

Oil Extends Slide Below $46 on Skepticism Over OPEC Output Deal

EghtesadOnline: Oil extended declines to slip below $46 a barrel amid skepticism over OPEC’s ability to reach an agreement to cut output as representatives prepare to meet Monday amid last-minute negotiations over the deal the group aims to formalize Wednesday.
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Publish Date:28/November/2016 | 09:58