Tag: oil

Oil ticks up as rising crude stocks are offset by products demand

Oil prices rose slightly on Friday as concern over an economic slowdown in China, the world's biggest oil consumer. Erasing earlier losses, global benchmark...

Oil rises 1% on hopes OPEC will extend supply cuts, weaker US dollar

IMF says US-China trade war will cut 2019 global growth EU sources say Brexit talks hit standstill Coming Up: API US crude stocks data,...

Oil slips further below $59 on weaker economic outlook

The global benchmark, slipped 16 cents to $58.58 a barrel by 0850 GMT. OPEC, Russia and other producers have a deal to cut oil...

Shipping activity at Port Qasim

Oil tanker Fotini Lady carrying 39,569 tonnes Diesel Oil also arrived at the outer anchorage of Port Qasim during last 24 hours. KARACHI: Shipping activity...

Russia forecasts oil price at $50

One of the world's biggest energy producers, is basing its economic forecasting on an oil price of $50 per barrel. The forecast is below...

Oil climbs but set for big weekly loss over demand worries

Brent crude oil futures rose 12 cents, or 0.2%, to $57.83 a barrel by 0703 GMT, while U.S. West Texas Intermediate (WTI) crude futures...

Oil slips further below $58 as economic gloom weighs

Oil slipped further below $58 a barrel on Thursday, pressured by concerns about global economic growth. "It is simply impossible to predict where the...

Venezuela says wants to double oil production next year

Venezuela, the biggest exporter of oil in South America. Venezuela is home to the largest proven oil reserves in the world. The country derives...

Azerbaijan ships 164,900 T of oil via Russia in Sept

Azerbaijan shipped 164,900 tonnes of oil via Russia in September, two months after it resumed shipments after a four month break due to pipeline...

Russia’s Lukoil sells rare Arctic crude oil to China

Russia, the world's second-largest oil producer, has been exploring ways to ship more of its crude from the country's west to Asia, to expand...