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Gulf Independent - supply-glut
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Saudi Arabia's oil output hits record high in July ECONOMY

Saudi Arabia's oil output hits record high in July

Top oil exporter Saudi Arabia boosted its output to a record high in July, it told Opec, in a sign that key members remain focused on market share rather than tackling a supply glut by curbing production.

4:45 AM November 25 2016
Oil jumps more than 2%, heads for third week of gains ECONOMY

Oil jumps more than 2%, heads for third week of gains

Oil prices jumped more than 2% on Friday and were poised for a third week of gains as market sentiment turned more upbeat amid signs a persisting global supply glut may be easing.

4:45 AM November 25 2016
Oil hits 2016 high above $43 on producer meeting hopes ECONOMY

Oil hits 2016 high above $43 on producer meeting hopes

Oil reached a 2016 high above $43 a barrel, supported by hopes that an upcoming meeting of oil producers will agree steps to tackle a supply glut.

4:45 AM November 25 2016
Oil back below $40 as Iran dashes hopes for quick deal on output ECONOMY

Oil back below $40 as Iran dashes hopes for quick deal on output

Oil fell around 3% after Iran dashed hopes of a coordinated production freeze any time soon, returning bearish sentiment over a supply glut that has sent prices crashing.

4:45 AM November 25 2016
Oil prices rise after Saudi Arabia cuts Iran ties ECONOMY

Oil prices rise after Saudi Arabia cuts Iran ties

Oil prices rose in Asia after crude kingpin producer Saudi Arabia cut diplomatic ties with Iran following a row over the Saudi execution of a Shia cleric.

4:45 AM November 25 2016