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Gulf Independent - Brent-crude
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Oil prices rise as Kuwait oil strike diminishes supply ECONOMY

Oil prices rise as Kuwait oil strike diminishes supply

Oil prices rose on Tuesday as a strike in Kuwait cut huge amounts of crude out of the supply chain, but analysts said the disruption would be short-lived and that markets would soon refocus on a global supply glut.

4:45 AM November 25 2016
Oil prices tumble after Saudi-Iran tensions sink output deal ECONOMY

Oil prices tumble after Saudi-Iran tensions sink output deal

Oil prices tumbled on Monday after a meeting by major exporters in Qatar collapsed without an agreement to freeze output, leaving the credibility of the OPEC producer cartel in tatters and the world awash with unwanted fuel.

4:45 AM November 25 2016
Oil market stages rebound ECONOMY

Oil market stages rebound

World oil prices rebounded Monday as dealers eyed supportive US data and hopes that producers will agree to limit crude output at a crucial upcoming meeting in Doha.

4:45 AM November 25 2016
Oil price dips on prospects for producers' meeting ECONOMY

Oil price dips on prospects for producers' meeting

Oil prices slipped on Monday over worries that the result of next Sunday's meeting of producers in Qatar aimed at freezing current output levels would fail to improve the current supply-demand balance.

4:45 AM November 25 2016
Oil prices rebound on less than expected build in stocks ECONOMY

Oil prices rebound on less than expected build in stocks

Oil futures rebounded in Asian trade on Wednesday, buoyed by a less than expected build in crude oil stockpiles last week and a weakening dollar, but concern that a two-month rally was fading in an oversupplied market capped gains.

4:45 AM November 25 2016
Oil prices edge up on falling US output but demand worries weigh ECONOMY

Oil prices edge up on falling US output but demand worries weigh

Oil prices were only slightly higher on Wednesday as support from falling US production was countered by a strengthening US dollar and concerns over slowing demand.

4:45 AM November 25 2016
Oil prices extend gains in Asia ECONOMY

Oil prices extend gains in Asia

Oil prices extended gains in Asia Monday boosted by strong US jobs growth data as a cut in US drilling activities sparked hopes of an easing in the global supply glut.

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
UAE says freezing oil output levels a 'must' ECONOMY

UAE says freezing oil output levels a 'must'

Emirati Oil Minister Suhail al-Mazrouei said on Tuesday that stabilising oil production levels is a must if oil prices currently at a record low are to rise.

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
Oil rebounds on investor optimism over producers' deal ECONOMY

Oil rebounds on investor optimism over producers' deal

Crude oil futures rebounded on Wednesday on investor hopes that a deal between Saudi Arabia and Russia to freeze oil output at January levels would lead to a wider pact among producers that could eventually see production cuts to support prices.

4:45 AM November 25 2016