08292016Mon
Last update: Mon, 29 Aug 2016 08am

Americas

Markets - Energy - Americas

Oil up on reports of Yemen missiles hitting Saudi oil facilities NEW YORK: Oil prices rose about 2 percent on Friday after reports of Yemeni missiles hitting Saudi Arabia's oil facilities. Yemeni forces have fired ballistic missiles at the facilities belonging to the Saudi state oil giant Aramco in the kingdom's southwest, according to traders citing reports by Iran Press TV and Yemen TV. Prices were also supported dollar tumbled against a basket of currencies after US Federal Reserve Chair Janet Yellen's comments at an international gathering of central bankers in Jackson Hole. The dollar index fell 0.5 percent following Yellen's comments, giving a boost to greenback-denominated oil. Brent crude futures rose 66 cents to $50.33 a barrel by 10:36 a.m. EDT (1436 GMT).West Texas Intermediate (WTI) crude rose 72 cents to $48.05 per barrel, a 1.5 percent gain. Prices were pressured early in the session after Saudi energy minister watered down expectations that the world's largest producers might agree next ...

Markets - Energy - Americas

Oil prices rise as Iran joins OPEC meet NEW YORK: Oil prices cautiously rose on Thursday as Iran said it would join talks on global output with other OPEC members and Russia, and the dollar fell slightly.A barrel of West Texas Intermediate for October delivery finished up 56 cents over Wednesday, closing at $47.33 on the New York Mercantile Exchange.In London, North Sea Brent for October delivery settled up 62 cents at $49.67 per barrel on the Intercontinental Exchange.Investors in recent weeks have ...

Markets - Energy - Americas

Oil prices up nearly 1pc on soft dollar, OPEC speculation NEW YORK: Oil prices rose nearly 1 percent on Thursday, bouncing back from a selloff in the previous session, on expectations the dollar would weaken ahead of a key speech by U.S. Federal Reserve Chair Janet Yellen on Friday.Crude futures also saw support from players buying on dips and looking for a bottom on speculation that next month's informal meeting between OPEC and other major oil producers could result in production curbs.Some cited strength after ...

Markets - Energy - Americas

Oil slides on surprise jump in US crude stockpiles NEW YORK: Oil prices slumped Wednesday as a surprise jump in US crude stockpiles added to lingering concerns over a global supply glut.The US Department of Energy said commercial inventories of crude grew by 2.5 million barrels last week, in contrast to analyst expectations for a drop of around 850,000.That helped reverse gains of Tuesday driven by a report that Iran might support an OPEC output freeze.In New York, US benchmark West Texas Intermediate crude ...

Markets - Energy - Americas

US crude down 3pc after big stockpile build report NEW YORK: Oil prices tumbled on Wednesday, with US crude falling about 3 percent, after an unexpectedly large inventory build in the world's biggest oil consumer renewed worries about oversupply. The US Energy Information Administration (EIA) reported that crude inventories rose 2.5 million barrels last week, versus analysts' forecasts for a draw of 500,000 barrels. Gasoline and distillate stocks also rose, the EIA said, driving down oil prices that had mostly risen in the past ...

Markets - Energy - Americas

Colombia July crude output down 10.7pc on year BOGOTA: Colombia produced an average of 843,000 barrels of crude oil per day (bpd) in July, the Mines and Energy Ministry said on Friday, down 10.7 percent from 945,000 bpd in the same month last year, according to Reuters calculations.Natural gas production fell 4.86 percent year-on-year to 919 million cubic feet per day.State-run Ecopetrol produces more than half of Colombia's oil. Copyright Reuters, 2016 ...

Markets - Energy - Americas

Oil prices jump on report Iran could support OPEC limits NEW YORK: Oil prices jumped on Tuesday after a new report that Iran could support an effort by OPEC and Russia to freeze production and firm up prices.The Reuters report, citing unnamed sources, said Tehran is sending "positive signals" that it might give its support to that effort, after having refused earlier this year to curb its own output to support the market.The news reversed an earlier fall in prices that was being driven by ...