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Oil prices up slightly in thin holiday trading ECONOMY

Oil prices up slightly in thin holiday trading

Oil prices climbed in thin Easter holiday trading on Monday, adding to gains in recent weeks as optimism holds that a production freeze among major producers may be implemented.

4:45 AM November 25 2016
Opec, Russia oil output freeze deal may be ‘meaningless’ ECONOMY

Opec, Russia oil output freeze deal may be ‘meaningless’

A deal among some Opec producers and Russia to freeze production is perhaps "meaningless" as Saudi Arabia is the only country with the ability to increase output, a senior IEA executive said.

4:45 AM November 25 2016
Iran invited to Doha talks on oil output freeze: Energy ministry ECONOMY

Iran invited to Doha talks on oil output freeze: Energy ministry

Qatar said on Tuesday that it has invited Iran to join talks among the world's top oil producers next month on implementing a proposed output freeze to stabilise plummeting prices.

4:45 AM November 25 2016
Oil prices fall as US rigs rise; uncertainty over freeze lingers ECONOMY

Oil prices fall as US rigs rise; uncertainty over freeze lingers

Oil prices slid for a second day, under pressure from signs that some of the nimbler US producers increased drilling and from uncertainty surrounding a meeting of the world's major exporters to discuss freezing output.

4:45 AM November 25 2016
OPEC, non-OPEC producers to meet on April 17 in Doha ARABIA

OPEC, non-OPEC producers to meet on April 17 in Doha

OPEC members and key oil producers from outside the cartel will meet on April 17 in Doha in a bid to stabilise falling crude prices, Qatari energy minister Mohammed al-Sada said Wednesday.

4:45 AM November 25 2016
Oil prices gain as IEA says market could have bottomed ECONOMY

Oil prices gain as IEA says market could have bottomed

Brent crude was on track for its third weekly gain on Friday, supported by an optimistic report from the International Energy Agency and a weaker dollar, which makes fuel cheaper for importers using other currencies.

4:45 AM November 25 2016
Oil prices slip off multi-month highs ECONOMY

Oil prices slip off multi-month highs

Oil prices fell on Thursday, after hitting three-month highs this week, with analysts warning that larger gains would be unwarranted as refineries enter seasonal maintenance and a global glut weighs.

4:45 AM November 25 2016
Oil hits 2016 high above $40; glut warnings resurface ECONOMY

Oil hits 2016 high above $40; glut warnings resurface

Brent crude rose on Monday, hitting a 2016 peak above $40 a barrel as producers sought a new anchor price for oil after a selloff that has lasted nearly two years, although some analysts warned the global glut is still big.

4:45 AM November 25 2016
Oil rout over, OPEC aims for $50 anchor, says PIRA's Ross ECONOMY

Oil rout over, OPEC aims for $50 anchor, says PIRA's Ross

Major OPEC producers are privately starting to talk about a new oil price equilibrium of $50 a barrel, adding to signs that the market's long, deep rout is officially over, says one of the industry's leading prognosticators.

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 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 below $33 on Saudi comments, report of US inventory rise ECONOMY

Oil below $33 on Saudi comments, report of US inventory rise

Oil fell below $33 a barrel on Wednesday after Saudi Arabia ruled out production cuts and an industry report said that US crude stockpiles had hit record levels, underlining the supply glut.

4:45 AM November 25 2016