Oil Steady Near $40 With Stimulus Gloom Offset by China Imports
Oil steadied in Asian trading as fading hopes for more fiscal stimulus before the U.S. election offset optimism driven by an increase in Chinese crude imports...
Tag : OPEC
Crude Oil Update: WTI And Brent Crude Up By More Than 20%
Oil prices bounced back into the bullish territory, as the West Texas Intermediate (WTI) crude closed at $52.36 per barrel, posting a 23% rise since...
Crude Oil In London Fells Below $50, First Time Since July 2017
For the first time since July 2017, the oil prices fell below US$ 50 for the first time since July 2017, due to the widening...
OPEC+ Coalition Decides To Cut Oil Production By 1.2 Million BPD
After 2 days of OPEC meeting in Vienna(Austria), Saudi Arabia, Russia along with the rest of the OPEC+ coalition has decided to cut oil production...
OPEC Meeting : The Most Likely Outcome
The much anticipated OPEC meeting, which is currently underway at Vienna (Austria) has been at the centre of attention around the globe for many days....
Qatar Announces To Quit OPEC Bloc Next Month
The top officials and ministers from Organization of Petroleum Exporting Countries (OPEC) and other major oil producing countries are scheduled to meet tomorrow, i.e, 06/12/2018...
Crude Oil Prices Records Biggest Two-Day Gains Since June
Global oil prices have marched towards its biggest two-day advance since June as the increasing concerns over a supply glut established after OPEC and its...
Saudi Arabia Pulls Record Oil Production, Crude Oil Prices Down
The oil prices in the international market have continued to fall as Saudi Arabia has posted a record production of oil. International Brent crude oil...
Crude Oil Prices Fall By 6% More, Market Fears Oversupply
Brent crude oil reported a 6.1% or $3.81 fall, to $58.79 a barrel by 10:50 am EST (1550 GMT), after earlier reaching its lowest mark...