OPEC

Oil deepens loss on Iran talks; Brent ends March down 12 percent

Oil fell for a third straight session on Tuesday, with Brent crude tumbling 12 percent for the month, as world powers entered into intense negotiations with Iran for a nuclear deal that could bring more of its oil to an oversupplied market.

Read Full Article

Oil down as Iran races for Tuesday deadline on nuclear deal

Oil settled down for a second straight session on Monday as Iran and six world powers tried to negotiate a deal on Tehran's nuclear program that could end Western sanctions and allow the OPEC member to ship more crude into an already flooded market.

Read Full Article

Oil rebounds towards $57 as weaker dollar overshadows China slowdown

Brent crude reversed early losses to trade back towards $57 a barrel on Tuesday, as a weaker dollar overshadowed signs of slowing growth in China and Saudi Arabian oil production close to an all-time high.

Read Full Article

Oil slips close to $55 as Saudi output rises to near record

Oil prices declined on Monday, holding near $55 a barrel after Saudi Arabia indicated it was now pumping near a record high of 10 million barrels per day, adding to concerns of global oversupply.

Read Full Article

Dollar resumes fall, gold firms after Bullard comments

The dollar resumed its fall on Monday after its steepest weekly drop in 3-1/2 years, as comments by a top Federal Reserve official added to last week's dovish policy message.

Read Full Article

OPEC won't bear burden of propping up oil price: Saudi minister

OPEC will not take sole responsibility for propping up the oil price, Saudi Arabia's oil minister said on Sunday, signaling the world's top petroleum exporter is determined to ride out a market slump that has roughly halved prices since last June.

Read Full Article

Saudi Arabia's OPEC governor: hard to reach $100-120 oil again

Saudi Arabia's OPEC governor Mohammed al-Madi said on Sunday that he believed it would be difficult for oil to reach a price range of $100-120 per barrel again.

Read Full Article

Brent oil falls below $54 on OPEC output, Iran

Brent crude oil fell below $54 a barrel on Friday and was on track for its third straight weekly loss, hurt by worries of rising supplies from OPEC and the United States.

Read Full Article

Oil falls as dollar up, Kuwait sees OPEC output steady

Oil prices tumbled on Thursday as a rebounding dollar and Kuwait's stance that OPEC had no choice but to keep producing in an oversupplied market undercut the previous day's rally.

Read Full Article

Iran nuclear deal may open oil taps in months, not weeks

A possible deal over Iran's nuclear program that would phase out economic sanctions against Tehran is unlikely to flood world markets with more oil any time soon, despite Iran's declared intention to claw back market share lost because of the curbs.

Read Full Article

Oil prices stabilizing, will continue to firm up: Saudi adviser

Oil prices have started to stabilize around $60 a barrel in past weeks and will continue to firm up, while crude demand will grow stronger, an adviser to Saudi Arabia's oil minister said on Sunday.

Read Full Article

Its red shirts fading, Venezuela's oil giant embraces pragmatism

A subtle change in office attire may be the most telling symbol of a quiet revolution taking place inside Venezuela's troubled economic engine, giant oil firm PDVSA.

Read Full Article

IEA sees renewed pressure on oil prices as glut worsens

Oil prices might have stabilized only temporarily because the global oil glut is worsening and U.S. production shows no sign of slowing, the International Energy Agency said on Friday.

Read Full Article

Oil drops toward $59 on dollar, stock builds

Brent crude oil fell toward $59 a barrel on Monday as the dollar strengthened and a supply glut pushed global oil inventories to record highs.

Read Full Article

Oil falls in volatile trade on supply worries, dollar and Iran

Oil closed lower on Thursday in volatile trade, as a soaring dollar and the U.S. pursuit of an Iranian nuclear deal offset earlier gains from supply concerns in Libya and Iraq.

Read Full Article
1 2 3 4 5 6 7 8 9 10  

Subscribe to VCpost newsletter

Sign up for our Deals of the Day newsletter.
We will not spam you!

Real Time Analytics