Trends - oil producer - Business Recorder

Markets

Oil hits three-year high after OPEC+ sticks to output plan

OPEC+ to increase output by 400,000 bpd in Nov
WTI hit 2014 highs on Monday

Published 05 Oct, 2021 07:01pm

Markets

Oil rises above $78 as OPEC+ meeting looms

OPEC and its allies meet on Monday
OPEC+ considering boosting supplies, sources say
Strengthening US dollar weighs on crude price
US oil inventories rise in weekly report

Updated 01 Oct, 2021 07:58pm

Markets

Oil falls after US inventories swell

US oil dipped $1.00 to $73.83. Brent crude for November delivery was down 62 cents at $78.02 a barrel

Published 30 Sep, 2021 06:36pm

Markets

Oil drops for a second day after rally peters out

Brent crude down 62 cents, or 0.8 %, at $78.47 a barrel

Updated 29 Sep, 2021 06:26pm

Markets

OPEC+ seen sticking to November output plans, despite $80 oil

"So far we will keep the plan to increase by 400,000 bpd," one of the sources says

Published 29 Sep, 2021 04:55pm

Markets

Brent oil near $80 a barrel on tighter supplies

Brent at highest since 2018, WTI highest since July
As OPEC reopens taps, African giants struggle to pump more
China faces power shortages, hitting factory output

Published 28 Sep, 2021 08:08pm

Markets

Brent oil nears $80 a barrel on tight supply

Brent crude nears three-year high
WTI hits $75 a barrel, highest since July
Goldman Sachs sees Brent at $90 a barrel by year-end

Updated 27 Sep, 2021 06:10pm

Markets

Oil falls 1% as storm-hit US supply trickles back into market

Oil falls but still set for nearly 3% weekly gain
Slow post-Ida production recovery bolsters prices
Dollar index hits 3-week high

Updated 17 Sep, 2021 08:46pm

Markets

Oil prices climb $1 after drawdown in US stocks

API shows crude, fuel stocks fell after Ida, sources say
Vaccines set to unleash pent-up oil demand, IEA says
Coming up: EIA inventory data at 1430 GMT on Wednesday

Published 15 Sep, 2021 05:38pm

Markets

Oil hits 6-week high as Storm Nicholas hits US Gulf

US energy firms brace for another storm amid slow recovery from Ida
Over 40% of US Gulf's oil, gas output still shut following Ida
IEA sees oil demand rebounding by 1.6 million bpd in October
China to auction 7.38 mln bbl of crude from strategic reserves

Published 14 Sep, 2021 05:56pm

Markets

Oil at one-week high as US supply concerns dominate

Impact of Hurricane Ida crimps US supply
Brent rangebound between $70 and $74 for three weeks
OPEC sees Delta coronavirus variant weighing on oil demand

Published 13 Sep, 2021 08:23pm

Markets

Oil rallies towards $73 on tight US supplies, Biden-Xi call

Biden-Xi call boosts equities, helps sentiment
About three-quarters of Gulf offshore oil output still halted
Upcoming revisions to 2022 oil demand outlook in focus

Published 10 Sep, 2021 04:45pm

Markets

Oil steady as China moves to tap oil stocks

China set to tap state oil reserves for the first time
Prices supported by lower US output after Hurricane Ida
API data shows crude drawdown less than poll expectations
EIA cuts 2021 demand outlook, keeps 2022 forecast steady

Published 09 Sep, 2021 08:43pm

Markets

Oil climbs on low US output, disruptions in Libyan ports

About 80% of US Gulf production remained offline on Tuesday
Refineries resuming operations quicker
Libya's Es Sider and Harouge ports blocked by protests: engineer
Iran's resumption of oil exports not expected in 2021: analyst

Published 08 Sep, 2021 07:40pm

Markets

Oil slides 2% on worries about weak demand

US West Texas Intermediate crude was down $1.45 or 2.1% from Friday's close at $67.84 a barrel at 1648 GMT

Updated 07 Sep, 2021 10:23pm

Markets

Oil slips as slower demand expectations weigh

Saudi Arabia cuts prices to Asia; US, Europe prices steady
China Aug crude oil imports rise as refiners resume buying
Over 80% of oil output in Gulf of Mexico still offline

Updated 07 Sep, 2021 08:35pm

Markets

Oil down after deep Saudi price cuts spur demand concerns

Saudi cuts Oct prices for Asia by at least $1/bbl
US Gulf Coast oil industry struggles with Ida recovery
US oil rig count falls most since June 2020 -Baker Hughes

Published 06 Sep, 2021 05:09pm

Markets

Oil steady as US jobs report disappoints

New Covid variant appears to restrain US job growth
US Gulf Coast struggles to recover after storm
OPEC+ agrees to boost production
Global demand outlook bright on recovery hopes

Updated 03 Sep, 2021 07:50pm

Markets

Oil rises on economic recovery hopes, weaker dollar

Brent crude was up $1.25, or 1.8%, at $72.84 a barrel
Crude oil processing will probably take considerably longer to recover from the outages than crude oil production, which suggests that crude oil stocks will increase in the coming weeks," says Commerzbank

Updated 02 Sep, 2021 07:13pm

Markets

Oil price falls after gasoline stock rise

OPEC+ raise 2022 oil demand forecast, sources say
United States urges OPEC+ to boost output to ease prices
US refineries aim to restart after Hurricane Ida

Published 01 Sep, 2021 08:30pm

Markets

Oil edges lower as US pushes OPEC to pump more

OPEC+ expected to proceed with an output increase
Softer China PMI data weighs on sentiment

Updated 31 Aug, 2021 06:57pm

Markets

Oil slips as Hurricane Ida weakens, OPEC+ in focus

Brent hits $73.69, highest since Aug. 2, before easing
Around 1.7 million bpd Gulf of Mexico output offline
OPEC+ seen going ahead with output increase at Weds meeting

Updated 30 Aug, 2021 06:50pm

Markets

Oil steadies near $71 after two-day rally

Oil edges higher after sharp gains this week
Mexico to resume output at fire-hit platform by Aug. 30
API data shows smaller-than-expected fall in US stocks

Published 25 Aug, 2021 07:08pm

Markets

Oil up 3% on stronger demand outlook; Mexican oil rig outage

Pfizer-BioNTech COVID-19 vaccine gains full US approval
Mexico offshore platform fire takes 400,000 bpd offline
US to sell up to 20 mln barrels of SPR stocks
COMING UP: US inventory data from API at 4:30 p.m. ET

Published 24 Aug, 2021 08:59pm

Markets

Oil up 2% on brighter demand outlook and Mexican outage

Pfizer-BioNTech COVID-19 vaccine gains full US approval
Mexico offshore platform fire takes 400,000 bpd offline
US to sell up to 20 mln barrels of SPR stocks

Published 24 Aug, 2021 06:58pm

Markets

Oil jumps 5% on weaker dollar after seven days of losses

Prices rebound from biggest week of losses in nine months
US oil and gas rig count rises for third week

Updated 23 Aug, 2021 08:43pm

Markets

Palm ends over 1% higher on stronger crude, rival oils

Rising output forecasts raise hopes of a rebuild in stockpile Oil prices jump 3% on weaker dollar

Published 23 Aug, 2021 06:07pm

Markets

Oil heads for 6% weekly drop as Delta variant spreads

Brent, WTI on track for over 6% weekly decline
Surging cases of the Delta variant rekindle demand concerns
US dollar strength weighs on prices

Published 20 Aug, 2021 05:39pm

Markets

Oil steady, but set for big weekly loss on demand worries

Rising coronavirus cases in top consumers US and China weigh
Middle East tensions support prices

Published 06 Aug, 2021 08:23pm

Markets

Oil rises on Mideast tensions but virus concerns weigh

Brent crude oil futures rose by 31 cents, or 0.44%, to $70.69 a barrel
Offsetting the Mideast tensions, concerns over the recovery of global oil demand grew amid a surge in coronavirus cases

Published 05 Aug, 2021 06:42pm