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Gulf Independent - Crude-Oil
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Oil prices rebound after Algeria says all options open ECONOMY

Oil prices rebound after Algeria says all options open

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 of OPEC producers.

4:45 AM November 25 2016
Oil prices drop on returning Libya, Nigeria supplies ECONOMY

Oil prices drop on returning Libya, Nigeria supplies

Oil prices fell on Friday on worries that US rig counts would continue to rise and that returning Libyan and Nigerian exports would stoke a global supply glut.

4:45 AM November 25 2016
Saudi crude oil exports increase in June ECONOMY

Saudi crude oil exports increase in June

Saudi Arabia's oil exports rose in June as the kingdom kept the market well supplied, pumping near record high levels of crude to feed rising both local and international demand.

4:45 AM November 25 2016
Oil prices rise with recovering global markets ECONOMY

Oil prices rise with recovering global markets

Oil prices extended gains in Asia on Wednesday, tracking a recovery in equity markets as leaders look to temper fears over the effects of Britain's shock EU exit, while traders bet on measures to negate any turmoil.

4:45 AM November 25 2016
Oil prices boosted by dollar slump ECONOMY

Oil prices boosted by dollar slump

Oil prices pushed higher Monday thanks to a softer dollar after last week's well-below-forecast US jobs report, but the gains were limited as producers increased their rig count as the commodity held around the key $50 level.

4:45 AM November 25 2016
Oil turns positive as US crude drawdown offsets OPEC outcome ECONOMY

Oil turns positive as US crude drawdown offsets OPEC outcome

Oil prices rose on Thursday after data showing a weekly drawdown in US crude stockpiles helped crude markets recover from OPEC's decision not to set a ceiling for its production.

4:45 AM November 25 2016
Oil prices retreat from $50 on oversupply concerns, stronger dollar ECONOMY

Oil prices retreat from $50 on oversupply concerns, stronger dollar

Oil futures slipped in Asian trade on Friday after hitting resistance at the $50 a barrel mark as investors worried higher prices could reactivate shuttered crude output, adding to global oversupply.

4:45 AM November 25 2016
Oil prices rise on easing US supplies ECONOMY

Oil prices rise on easing US supplies

Oil advanced Wednesday, with New York prices reaching 2016 highs, as data revealed falls to US crude inventories owing to wildfires slashing production across the Canadian border.

4:45 AM November 25 2016
Novel method developed for removing trace water from crude oil ARABIA

Novel method developed for removing trace water from crude oil

Marking a major milestone in oil processing technology, a collaborative project by Qatar University(QU), University of Leeds, University of Nottingham and KeyTech Engineering Consultants...

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
Iran exporting 350,000 bpd oil to India, hopes for more ECONOMY

Iran exporting 350,000 bpd oil to India, hopes for more

Iran is exporting around 350,000 barrels of crude oil a day to India and hopes to increase this number, Oil Minister Bijan Zanganeh was quoted as saying ...

4:45 AM November 25 2016
Qatar crude oil production rises to 692,000 bpd in February: QNB ECONOMY

Qatar crude oil production rises to 692,000 bpd in February: QNB

Qatar’s crude oil production increased to 692,000 bpd in February compared with 637,000 bpd in January, QNB has said in a new report.

4:45 AM November 25 2016