oil market
-
Top Oil Market Summons Poseidon as U.S. Crude Vies With Mideast
EghtesadOnline: Poseidon is wading into the battle between U.S. crude and Middle East supplies in the world’s biggest oil market.
-
Goldman Sees Risk of Oil Below $40 Without OPEC ‘Shock and Awe’
EghtesadOnline: OPEC needs to “shock and awe” the oil market for prices to gain, according to Goldman Sachs Group Inc.
-
Oil recovers some losses but market still under pressure
EghtesadOnline: Oil prices recovered some losses on Monday after a 3 percent fall in the previous session, but markets remain under pressure from high drilling activity in the United States and…
-
IEA chief Birol: Oil market to rebalance in second half of 2017
EghtesadOnline: The global oil market is expected to rebalance in the second half of 2017, but further output increases among key producers such as Nigeria and Libya could hamper this process,…
-
Saudi Arabia and Qatar Are Still Friends When It Comes to Tankers
EghtesadOnline: As Saudi Arabia leads three other Arab nations in accusing Qatar of links to terror groups and being too close to Iran, one thing is becoming increasingly clear in the oil market:…
-
Stocks Are Ignoring Oil's Bear Market
EghtesadOnline: The bear market in crude in many ways resembles its more severe predecessors from 2014 and 2016: oil prices plummeting, non-U.S. producers floundering to keep supply at bay and…
-
Oil Market Sees Increased Conflict Risk in Saudi Power Shift
EEghtesadOnline: After Mohammed bin Salman’s appointment as crown prince, energy markets need to brace for an even more assertive Saudi Arabian foreign policy that could threaten regional stability…
-
Oil Lingers Below $43 After Entering Bear Market on Glut Worries
EghtesadOnline: Oil closed below $43 a barrel for a second day as brimming supplies work against OPEC-led efforts to reduce a glut.
-
Crude Slides Into Bear Market as Oversupply Distress Deepens
EghtesadOnline: Oil entered the first bear market since August as concerns worsen that OPEC is failing to ease a global supply glut.
-
Oil prices hold near seven-month lows, glut keeps dragging
EghtesadOnline: Oil markets held around seven-month lows on Tuesday as investors focused on persistent signs of rising supply that are undermining attempts by OPEC and other producers to support…
-
Oil prices dip on further rise in U.S. drilling, demand slowdown
EghtesadOnline: Oil prices dipped on Monday, weighed down by a continuing expansion in U.S. drilling that has helped to maintain high global supplies despite an OPEC-led initiative to cut production…
-
Oil Set for Longest Run of Weekly Losses Since 2015 Amid Glut
EghtesadOnline: Oil headed for the longest run of weekly losses since August 2015 as U.S. crude stockpiles remain stubbornly high and as Libyan production climbs toward the most in four years.
-
Iraq Is New Oil King, Beats Saudis in Fastest Growing Market
EghtesadOnline: Iraq is gaining the edge over Saudi Arabia in the world’s fastest-growing oil consumer amid an intensifying race among producers to retain their most-prized markets.
-
Oil Market Abandons Hope of Re-Balancing This Year
EghtesadOnline: The oil market has all but abandoned the hope of a re-balancing any time soon, with the re-emergence of a pricing structure that signals investors expect a glut to endure into…
-
Oil Slips as Gulf Diplomatic Clash Seen to Have Limited Impact
EghtesadOnline: Oil dropped to the lowest level in more than three weeks as the market refocused on glut concerns after a diplomatic clash involving Saudi Arabia and Qatar was seen as having…
-
Iraq's Crude Exports Hit 2017 High Before OPEC Cuts Extension
EghtesadOnline: Oil tankers shipped the most crude from Iraq in six months in May, when OPEC’s second-biggest producer was negotiating with the group’s other members to persist with supply constraints…
-
Iran Confident of Oil Price Rebound
EghtesadOnline: The unexpectedly negative reaction of global markets to OPEC's decision on extending crude supply cuts into next year is temporary and prices will gain ground, says Iran's Oil…
-
Expert Links OPEC Supply Cut Deal to Political Concord
EghtesadOnline: Had OPEC producers not compartmentalized political disagreements from economic issues, they would not have succeeded in extending the oil production cut deal for nine more months…
-
Oil falls as U.S. drilling undermines drive to tighten markets
EghtesadOnline: Oil prices fell on Monday as a relentless rise in U.S. drilling undermined an OPEC-led push to tighten supply.
-
Iran says position in oil market ‘stronger’
EghtesadOnline: Iran’s Oil Minister Bijan Zanganeh says the country is in a stronger position to continue its oil policies after the re-election of President Hassan Rouhani this past Saturday.
-
Cheer Up, OPEC: Oil Price Slump May Yet Prove to Be ‘Knee Jerk’
EghtesadOnline: Saudi Arabia’s Energy Minister Khalid Al-Falih said he had no interest in the “knee jerk” reactions of the oil market when crude prices collapsed on Thursday as he sought to explain…
-
Trump's Bid to Sell U.S. Reserve Oil Could Undermine OPEC Cuts
EghtesadOnline: President Donald Trump has proposed selling off more than half of the U.S. emergency oil stockpile, potentially putting more crude on the global market and undermining OPEC’s…
-
Iran's Maxed-Out Crude Output Eases OPEC Push to Extend Cuts
EghtesadOnline: Iran’s oil industry bounced back from sanctions last year, cranking up output to recover market share from other OPEC producers. Now that its surge has topped out, Iran supports…
-
OPEC Committee Recommends Nine-Month Oil Cuts Extension
EghtesadOnline: OPEC and its allies came one step closer to agreeing to extend their oil supply deal after a ministerial committee recommended another nine months of cuts.
-
Oil prices stable as market expects extended production cut
EghtesadOnline: Oil prices were stable on Wednesday, supported by confidence that an OPEC-led output cut aimed at tightening supply would be extended to all of 2017 and the first quarter of next…
-
Oil dips on rising U.S. crude inventories, defies expected supply cut extension
EghtesadOnline: Oil prices fell on Wednesday after data showed an increase in U.S. crude inventories, stoking concerns that markets remain oversupplied despite efforts by top producers Saudi…
-
Iran Crude Oil Slips Below $50
EghtesdaOnline: Iranian crude oil traded down more than 4% to $45 per barrel in the week to April 28, showing signs of pressure from the slowdown in the global oil markets.
-
Saudis, Russia Favor Extending Oil Output Curbs by 9 Months
EghtesadOnline: Saudi Arabia and Russia said they favor extending oil-output cuts by global producers through the end of the first quarter of 2018 to shrink a market glut. Crude prices jumped.
-
Iran Complying With Crude Supply Cut Deal
EghtesadOnline: Iran cut back crude oil production last month in a move that reflects its adherence to a global supply cut deal and OPEC's efforts to shore up prices and restore balance to the…
-
Saudi Oil Minister Says Output Cuts May Extend Beyond Second Half of 2017
EghtesadOnline: Saudi Arabia’s oil minister said he is confident that an agreement by oil producers to curb output and shrink a market glut will be extended into the second half of the year and…