#oil

oil

Oil prices at four-month high as revised IEA outlook signals tighter market

Near-term growth in global oil and liquids production will be driven primarily by the US, Guyana, Canada and Brazil, offsetting voluntary production cuts by OPEC+

Oil hovers near 3-week high on Middle East tensions

OPEC, IEA oil demand forecasts since 2008: A comparison

OPEC and the IEA, the world’s most closely watched forecasters of oil demand growth, are further apart than they have been for at least 16 years in their views on fuel use

Aramco

Aramco boosts 2023 dividends 30% with second-highest profit on record

Aramco’s shares were up about 1.7 per cent to SAR32.3 a share, slightly above their 2019 IPO price of SAR32

oil

Oil heads for weekly gains after Israel rejects ceasefire offer

Non-OPEC output from Norway and Guyana is increasing while Russia is exporting more crude in February than it planned

red sea

Russian oil flows through Red Sea still face lower risks

Recently, four tankers carrying Russian Urals crude passed through the Bab-el-Mandab strait with another three heading south through the Red Sea

Qatar sets up a $275m market-maker fund

Qatar to supply crude oil to Shell in five-year deal

Gulf state Qatar is set to supply Shell in Singapore with up to 18 million barrels of oil a year for five years

oil imports

Oil jumps over 2% amid further Red Sea vessel attacks

Further attacks on ships in the Red Sea prompted fears of shipping disruptions and on hopes of interest rate cuts that could boost economic growth and fuel demand

Red Sea shipping

Oil eased ahead of Christmas break on possible future Angola output increase

Brent crude oil futures fell 32 cents, or 0.4 per cent, to settle at $79.07 a barrel

Oil output freeze by Saudi, Russia to have 'miniscule' impact on oversupply

OPEC+: GCC’s Saudi, UAE, Kuwait and Oman to cut oil outputs

Members of OPEC+ agreed to make additional voluntary outputs in reduction, but the announced cuts were not as deep as expected.

markets

Global markets: Five countries to watch this week

From the upcoming climate conference in UAE, to inflation numbers in the US, and China’s GDP targets, a look at what the markets are tracking

oil price

Why OPEC+ members find it hard to agree on oil production quotas

Oil production tends to vary month by month, making it difficult to fix on a permanent production target

oil

Oil dips as caution about data-heavy week offsets Israel crisis jump

Brent crude oil futures dropped 98 cents, or 1.1 per cent, to $89.50 a barrel

Oil

Oil steadies after biggest monthly advance since early 2022

West Texas Intermediate was little changed below $82 a barrel after surging 16 per cent in July

OPEC projection for 2024 energy demand

Oil set for best month since early 2022 as market tightens

West Texas Intermediate held above $80 a barrel after a run of five weekly gains that lifted prices to the highest since April

Oil

Oil powers toward fifth weekly gain as market starts to tighten

West Texas Intermediate edged below $80 a barrel on Friday

Israel crisis hits oil prices

Oil holds loss after Fed raises rates to highest in 22 years

West Texas Intermediate traded near $79 a barrel, after slipping 1.1 per cent on Wednesday

Saudi oil production cuts

Saudi oil cuts could trigger slowdown in economy

The economy will fall by 0.1 per cent this year if the government raises production in September and by 1 per cent if it holds the course for the rest of 2023

oil

Oil holds gain as traders turn focus to decline in inventories

West Texas Intermediate traded just below $72 a barrel

red sea

Can a global fee on oil imports help address climate damages?

Countries that import the most oil will have to make the biggest contribution to the fund

Oil prices near four-month high

Oil holds near three-month low as demand concerns reverberate

West Texas Intermediate edged higher to trade above $67 a barrel, after losing around 8 per cent over the previous three sessions

Oil extends second weekly drop on new China recovery concerns

West Texas Intermediate futures slipped 0.7 per cent, after rallying 2.7 per cent on Friday

Oil

Oil set for sixth monthly loss on deteriorating demand outlook

West Texas Intermediate steadied near $75 a barrel after closing 0.6 per cent higher on Thursday

Oil

Oil steady after two-day gain as supply issues blunt demand woes

West Texas Intermediate traded below $79 a barrel after rallying around 2 per cent over the previous two sessions

Oil

Oil extends steep weekly drop with demand outlook in question

West Texas Intermediate fell toward $77 a barrel after dropping the most since the banking crisis in March last week

Oil

Oil set for first weekly loss since banking turmoil last month

West Texas Intermediate futures dipped toward $77 a barrel and are more than 6 per cent lower this week

Oil

Oil powers to fourth weekly advance as global market tightens up

West Texas Intermediate remainder above $82 a barrel, taking its weekly advance to about 2 per cent and the longest winning run since June

Oil

Oil trades near highest close in five months as market tightens

West Texas Intermediate traded above $83 a barrel after advancing by 4.4 per cent over the prior two days

Oil steadies after surge with supplies and stockpiles in focus

West Texas Intermediate traded above $81 a barrel after rallying by 2.2 per cent on Tuesday

oil

Oil holds loss as stronger US dollar, slowdown concerns weigh

West Texas Intermediate traded below $80 a barrel after closing 1.2 per cent lower on Monday

US

Oil steadies after mixed US stockpile report signals weak demand

West Texas Intermediate traded near $73 a barrel after closing 0.3 per cent lower on Wednesday