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Oil hits fresh 2016 highs as US crude stocks fall ECONOMY

Oil hits fresh 2016 highs as US crude stocks fall

Oil prices edged up to fresh 2016 highs on Thursday, buoyed by a fall in US crude inventories, a weaker dollar and strong demand, although some analysts warned that the recent rally was starting to look overblown.

4:45 AM November 25 2016
Opec happy with oil market, Saudi Arabia says ECONOMY

Opec happy with oil market, Saudi Arabia says

Saudi Arabia expressed confidence on Thursday that oil prices will keep recovering, cementing expectations that a divided Opec will decide to keep crude gushing at its meeting in Vienna.

4:45 AM November 25 2016
Aramco 2015 crude output at record amid market share battle ECONOMY

Aramco 2015 crude output at record amid market share battle

2015 crude production climbed to 10.2mn bpd; reserves remained unchanged at 261.1bn barrels

4:45 AM November 25 2016
Oil rises above $50 on signs of shrinking oversupply ECONOMY

Oil rises above $50 on signs of shrinking oversupply

Brent oil futures climbed above $50 a barrel on Thursday for the first time in nearly seven months on signs that a global supply glut is easing, one week ahead of an OPEC meeting.

4:45 AM November 25 2016
China’s crude steel output hits record high in March ECONOMY

China’s crude steel output hits record high in March

China’s crude steel output hit a record high of 70.65mn tonnes in March, data showed on Friday

4:45 AM November 25 2016
Oil jumps as strong US jobs growth spurs demand hopes ECONOMY

Oil jumps as strong US jobs growth spurs demand hopes

Oil prices pushed higher Friday as strong US jobs growth data sparked hopes for improved demand in the world's largest crude consumer.

4:45 AM November 25 2016
Crude prices climb after US oil output falls for 6th week ECONOMY

Crude prices climb after US oil output falls for 6th week

Crude futures rose in Asian trade on Friday, buoyed by renewed optimism prices may have bottomed out after official US data showed oil production fell to its lowest level since November 2014.

4:45 AM November 25 2016
Oil up on Saudi support, China; poll shows less OPEC Jan output ECONOMY

Oil up on Saudi support, China; poll shows less OPEC Jan output

Oil prices rose more than 2 percent on Monday after China moved to boost its slowing economy and Saudi Arabia pledged to work with other crude producers to limit market volatility, developments that fed hopes the oil selloff would end.

4:45 AM November 25 2016
Brent 'likely to average $65 in 2017 as market may rebalance' ECONOMY

Brent 'likely to average $65 in 2017 as market may rebalance'

Brent crude is likely to average $65 a barrel in 2017 as the current prices are “far too low to spur” necessary investment, resulting in the “market rebalancing” eventually, a new study shows.

4:45 AM November 25 2016
Oil prices extend gains on dollar-slide, talk of oil producer meeting ECONOMY

Oil prices extend gains on dollar-slide, talk of oil producer meeting

Crude oil futures extended gains from the previous session on Thursday as a weaker dollar and unconfirmed talk of producers potentially meeting to discuss output cuts lifted the market despite record US stocks due to overproduction.

4:45 AM November 25 2016
Oil slides to lowest since 2003 as Iran sanctions lifted ECONOMY

Oil slides to lowest since 2003 as Iran sanctions lifted

Oil prices hit their lowest since 2003 on Monday, as the market braced for a jump in Iranian exports after the lifting of sanctions against the country over the weekend.

4:45 AM November 25 2016
Crude oil falls as market braces for more Iranian oil ECONOMY

Crude oil falls as market braces for more Iranian oil

US crude oil futures fell in Asian trade on Friday, heading lower after posting the first significant gains for 2016 in the previous session, as the prospect of additional Iranian supply looms over the market.

4:45 AM November 25 2016