Brent
-
Brent, WTI Prices Off 7-Week Lows
EghtesadOnline: Oil prices came off seven-week lows on Monday but remained under pressure after Japan said it was weighing releasing oil reserves and as the Covid-19 situation in Europe worsened,…
-
Goldman Sachs Sees 'Upside' to Oil Price Forecasts From OPEC+ Deal
EghtesadOnline: US investment bank Goldman Sachs said the OPEC+ agreement to boost oil supplies supports its view on oil prices and expects a modest “upside” from its summer forecast for Brent…
-
Brent, WTI Prices Steady
EghtesadOnline: Oil prices were steady on Monday with investors and traders awaiting crucial talks by OPEC+ following disagreement over output within the group that could lead to major producers…
-
Brent Crude Eases, But Stays Near $70
EghtesadOnline: Brent crude prices eased on Friday but hovered near $70 a barrel as production cuts by major oil producers constrained supply, with optimism about a recovery in demand for the…
-
Brent, WTI at 13 Month Highs
EghtesadOnline: Oil prices soared on Monday to their highest in about 13 months as fears of heightened tensions in the Middle East prompted fresh buying, while hopes that a US stimulus and an…
-
Brent, WTI Prices Steady
EghtesadOnline: Oil prices held steady on Monday as a better than expected quarterly rebound for China’s economy countered fears over soaring Covid-19 cases around the world and tight restrictions…
-
Brent, WTI Prices Stumble
EghtesadOnline: Oil prices fell on Monday as a continued surge in coronavirus cases globally forced a series of renewed lockdowns, including strict new measures in Southern California in the…
-
Brent, WTI Prices Plunge
EghtesadOnline: Oil prices dropped 1% for a second straight session on Monday as US producers began restoring output post-Hurricane Delta.
-
Brent at Five-Month High on UAE Supply Cuts, China Data
EghtesadOnline: Oil rose on Monday, with Brent touching the highest in five months, underpinned by a 30% cut in Abu Dhabi crude supplies and encouraging Chinese data even as global demand struggles…
-
Brent, WTI Fall on Supply Glut Fears
EghtesadOnline: Oil prices fell on Monday on oversupply concerns as OPEC and its allies wind back production cuts in August and a rise in worldwide Covid-19 cases points to a slower pick-up in…
-
Brent, WTI Prices Edge Down
EghtesadOnline: Oil prices fell on Monday, after Saudi Arabia and Russia delayed a meeting to discuss output cuts that could help alleviate global oversupply as the coronavirus pandemic pummels…
-
Brent, WTI Extend Decline
EghtesadOnline: Oil prices extended declines on Monday, dragged down by worries about lower demand in the world’s largest oil importer China following the coronavirus breakout.
-
Oil Hits $70
EghtesadOnline: Oil prices rose a further 2% on Monday, pushing Brent above $70 a barrel, as rhetoric from the United States, Iran and Iraq fanned tensions in the Middle East after a US air strike…
-
Brent, WTI Prices Surge as OPEC Extends Cuts
EghtesadOnline: The letter of association drawn up to clarify the terms of cooperation between OPEC and non-OPEC members is not binding and will not impact the half-a-century old organization.
-
Brent, WTI Prices Fall by Over 1%
EghtesadOnline: Oil prices dropped by more than one % on Friday as clouds gathered over the global economy after the European Central Bank (ECB) warned of continued weakness and fresh data showed…
-
Oil prices firm with Brent nearing $80 on supply worries
EghtesadOnline: Oil prices rose on Tuesday, with Brent edging closer to $80 per barrel, on concerns that Venezuela’s crude output could drop further following a disputed presidential election…
-
OPEC Does Not Want Brent Over $60
EghtesadOnline: OPEC members do not want Brent oil to rise above $60 a barrel because higher prices could bring more supply from shale output, Iran’s oil minister said.
-
Oil Market Glut Grows Bigger as Saudi Arabia Says Worst Is Over
EghtesadOnline: Listen to Saudi Arabia and hear the oil market is rebalancing. Look at the screen, and Brent is indeed holding above $50 a barrel. But dig deeper into the world of physical oil,…
-
Brent extends gains after Russia, Saudi Arabia sign pact
EghtesadOnline: Crude prices extended gains on Tuesday, buoyed after top producers Russia and Saudi Arabia agreed to cooperate on stabilizing the oil market, but a lack of immediate action to…