Tag: Oil Price
Oil price spike after Saudi attack likely short-lived – Rystad Energy
In an update to clients after the biggest attack on oil infrastructure since the Gulf War, Bjørnar Tonhaugen, head of oil market research at...
Oil suffers worst day of 2019 as trade turmoil swamps confidence
(Bloomberg) - Oil spiraled to its worst daily performance of the year as mounting trade tensions between the world’s biggest economies sent investors fleeing...
Iran sees oil above $100/b, repeats threat of Strait of Hormuz...
(S&P Global Platts) Tehran — A top Iranian military official repeated a threat to shut the Strait of Hormuz if the country's oil shipments...
Oil slips to $71, hit by talk of higher OPEC+ production
(Reuters) - Brent oil slipped to around $71 a barrel on Tuesday, pressured by expectations of higher U.S. inventories and concern about Russia’s willingness...
Oil prices drop as China economic slowdown threatens to spread
(Reuters) - Oil prices fell on Tuesday on signs that an economic slowdown in China, the world’s second-largest economy and oil consumer, was spreading,...
Oversupply, faltering growth to weigh on oil prices in 2019: Reuters...
(Reuters) - Crude oil prices look likely to trade below $70 per barrel in 2019 as surplus production, much of it from the United...
Oil prices dive 4% as OPEC meeting ends with no details...
(CNBC) Oil prices tumbled 4 percent on Thursday as OPEC reportedly agreed to cut production, but ended its closely-watched meeting without a decision on...
Oil halts slide near $51 as concerns persist over supply glut
(Bloomberg) Oil traded near $51 a barrel on concerns record output by Saudi Arabia will exacerbate a supply glut as President Donald Trump continues...
Oil hits lowest in a year, even as OPEC considers output...
(Reuters) - Oil fell to its lowest level in more than a year on Friday on continued concerns about a rising global surplus, even...
Oil claws back some losses after 6-pct plunge, but outlook still...
(Reuters) - Oil bounced by more than 1 percent on Wednesday to claw back some of the previous day’s 6-percent plunge, lifted by a...