oil prices
-
Oil Edges Higher as Saudi Offer Opens Door to Future OPEC Deal
EghtesadOnline: Oil pared its biggest drop in more than two months as Saudi Arabia’s offer to cut output opens the door to a future OPEC deal, even as it doesn’t expect an agreement this week…
-
Oil prices rebound after Algeria says all options open at OPEC meeting
EghtesadOnline: Crude prices rebounded on Monday after Algeria's energy minister said the day before that all options were possible for an oil output cut or freeze at this week's informal meeting…
-
Stock Rally Fizzles as Traders Waver After Euphoria; Oil Tumbles
EghtesadOnline: The rally in global equities sputtered as traders grew more skeptical about the efficacy of central bank stimulus amid mixed economic data. Oil tumbled.
-
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…
-
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…
-
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…
-
Oil Advances After U.S. Crude Stockpiles Tumble to 7-Month Low
EghtesadOnline: Oil rose after government data showed U.S. crude inventories declined to the lowest level since February.
-
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…
-
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…
-
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…
-
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…
-
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…
-
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…
-
Crude Glut Belies Risk From OPEC’s Dwindling Output Cushion
EghtesadOnline: As most of the world focuses on how unfettered oil production will weigh on prices, a few say a rebound is on the cards as the market starts to reflect a growing risk of shortages.
-
Financials drag stocks lower on Deutsche Bank fine risk
EghtesadOnline: The possibility of a $14 billion fine for Deutsche Bank and a slide in oil prices hit financials and energy stocks on Friday, leading major global stock indexes lower.
-
U.S. import prices post first drop in six months, but trend improving
EghtesadOnline: U.S. import prices fell for the first time in six months in August on weak petroleum and food costs, but the declining trend is slowing as oil prices stabilize and the dollar's…
-
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…
-
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…
-
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…
-
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…
-
Oil Bears Dominate Market as Doubt Grows Over Output Limits
EghtesadOnline: The longer OPEC and other producers talk about a ceiling on crude output, the more doubts grow in the market.
-
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…
-
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…
-
Oil falls 4 percent; U.S. crude draw seen as glitch
EghtesadOnline: Oil prices fell 4 percent on Friday, paring most of the previous session's rise as traders noted that a tropical storm was behind this week's unexpected slump in U.S. crude inventories…
-
European Stocks Rise With Spanish Bonds Before ECB; Oil Rallies
EghtesadOnline: European stocks advanced and Spanish 10-year bond yields fell to a record low on speculation Mario Draghi will show a bias for extending the European Central Bank’s stimulus measures.…
-
Oil extends gains after data shows huge stock draw
EghtesadOnline: Oil prices extended gains by more than 1.5 percent on Thursday after industry data showed what might be the largest weekly drawdown in crude stocks in over three decades.
-
Mubadala CEO Signals More Oil Deals as IPIC Megamerger Advances
EghtesadOnline: Mubadala Development Co., the Abu Dhabi sovereign fund merging with International Petroleum Investment Co., said potential energy deals are more attractive after the slump in…
-
OPEC Risks ‘Crying Wolf’ as Oil Trader Gunvor Doubts Accord
EghtesadOnline: One of the world’s biggest commodities traders doubts oil producers will be able to agree on curbing output to pull up prices.
-
Saudi Cost Cutting Drive: $20 Billion of Projects May Be Axed
EghtesadOnline: Saudi Arabia is weighing plans to cancel more than $20 billion of projects and slash ministry budgets by a quarter to repair finances squeezed by low oil prices, people familiar…
-
Stocks Advance in Asia, Europe as Dollar Sinks; Crude Above $45
EghtesadOnline: Stocks rallied in Asia and Europe, while the dollar weakened as prospects for a U.S. interest-rate hike this month remained subdued. Australia’s dollar rose after a central bank…