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Energy Commodities Oil

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  • *Production cuts by OPEC and Russia tighten market. LONDON, Feb 2- Oil prices rose on Thursday as evidence that OPEC and other big exporters were cutting production outweighed a sharp rise in U.S. crude and gasoline stockpiles. Brent crude was up 50 cents at $57.30 a barrel by 1145 GMT after settling up $1.22 in the previous session.

  • *Production cuts by OPEC and Russia tighten market. LONDON, Feb 2- Oil prices rose on Thursday as evidence that OPEC and other big exporters were cutting production outweighed a sharp rise in U.S. crude and gasoline stockpiles. Brent crude was up 50 cents at $57.30 a barrel by 1115 GMT after settling up $1.22 in the previous session.

  • *Production cuts by OPEC and Russia set to tighten market. LONDON, Feb 2- Oil prices steadied on Thursday after a sharp rise in U.S. crude and gasoline stockpiles, although evidence that OPEC and other big exporters were cutting production helped support sentiment. Brent crude was up 5 cents at $56.85 a barrel by 0925 GMT after settling up $1.22 in the previous...

  • Swedbank CEO Birgitte Bonnesen says the oil price needs to increase by a lot before the company sees new investments coming into the drilling industry.

  • SINGAPORE/ TOKYO, Feb 2- Oil prices fell on Thursday after official data showed U.S. crude and gasoline stockpiles rose sharply, although signs that OPEC and other producers are holding the line on output cuts helped support prices. Brent crude futures fell 20 cents, or 0.35 percent, to $56.60 a barrel as of 0750 GMT after settling up $1.22 in the previous session.

  • *Supply gain occurs despite OPEC, non- OPEC pledge to cut 1.8 mil bpd in H1 2017. SINGAPORE, Feb 2- OPEC and non- OPEC producer Russia are shielding Asia from supply cuts agreed in a landmark deal last year as they fight to protect their share of the world's biggest and fastest growing oil market. "For OPEC, and here we mean the Mideast countries, Asia is their core and...

  • SINGAPORE/ TOKYO, Feb 2- Oil prices fell on Thursday after official data showed U.S. crude and gasoline stockpiles rose sharply, although signs that OPEC and other producers are holding the line on output cuts are helping support prices. Brent crude futures fell 28 cents, or 0.5 percent, to $56.52 a barrel as of 0410 GMT after settling up $1.22 in the previous session.

  • SINGAPORE/ TOKYO, Feb 2- Oil prices fell on Thursday after official data showed U.S. crude and gasoline stockpiles rose sharply, although signs that OPEC and other producers are holding the line on output cuts are helping support prices. Brent crude futures fell 24 cents, or 0.4 percent, to $56.56 a barrel as of 0146 GMT after settling up $1.22 in the previous session.

  • A pump jack operates at a well site leased by Devon Energy Production Co. near Guthrie, Oklahoma.

    Oil prices retraced early gains as traders grew less concerned about mounting tensions between the United States and Iran.

  • TOKYO, Feb 2- U.S. oil fell on Thursday after official data showed U.S. crude and gasoline stockpiles rose sharply, although signs that OPEC and other producers are holding the line on output cuts are helping support prices. Front month futures for West Texas Intermediate were down 34 cents at $53.54 a barrel at 0016 GMT on Thursday. But indications that producers...

  • A customer pumps gasoline into his car at an Arco gas station in Mill Valley, Calif.

    Fereidun Fesharaki, chairman of FGE, explains the motivation for compliance with the OPEC and non-OPEC output cuts.

  • Black Swan

    Oil prices spiked after U.S. National Security Advisor Michael Flynn said the White House is putting Iran "on notice."

  • *OPEC delivers 82 pct of pledged supply cut- Reuters survey. NEW YORK, Feb 1- Crude oil futures rallied late on Wednesday, jumping more than $1 a barrel on geopolitical concerns after Iran confirmed a ballistic missile test and bulls found support in reports on production cuts. Additionally, prices were buoyed by reports that Russia and Iraq were complying with...

  • *OPEC delivers 82 pct of pledged supply cut- Reuters survey. Oil markets have been trapped in a range as traders wait to see whether OPEC production cuts can outweigh U.S. supply growth. "U.S. crude could be in consolidation from $51 to $55 for awhile, until there's more evidence on OPEC production cuts or more evidence of production picking up or stabilizing in the...

  • Saudi Arabia's energy minister Khalid al-Falih

    Oil may not help Saudi Arabia's relationship with Trump, but it has something else to offer, writes Breakingviews' Andy Critchlow.

  • Veterans march with activists near Backwater Bridge just outside of the Oceti Sakowin camp during a snow fall as "water protectors" continue to demonstrate against plans to pass the Dakota Access pipeline adjacent to the Standing Rock Indian Reservation, near Cannon Ball, North Dakota.

    A group of U.S. military veterans has vowed to block the completion of the hotly disputed Dakota Access pipeline.

  • *OPEC delivers 82 pct of pledged supply cut- Reuters survey. NEW YORK, Feb 1- Oil pared gains on Wednesday after weekly U.S. supply data suggested a crude glut may persist, despite signs that Russia and OPEC producers are delivering on promised supply reductions. Brent crude was up 55 cents at $56.13 a barrel at 10:57 a.m. EST, having risen as high as $56.24.

  • *OPEC delivers 82 pct of pledged supply cut-Reuters survey. NEW YORK, Feb 1- Oil pared gains Wednesday after weekly U.S. supply data suggested a crude glut may persist, despite signs that Russia and OPEC producers are delivering on promised supply reductions. A day earlier, a Reuters survey found high compliance by OPEC with agreed cuts.

  • *OPEC delivers 82 pct of pledged supply cut-Reuters survey. LONDON, Feb 1- Oil rose to around $56 a barrel, supported by signs that Russia and OPEC producers are delivering on promised supply reductions, although a report showing a large rise in U.S. crude inventories curbed Wednesday's gains. A day earlier, a Reuters survey found high compliance by OPEC with agreed...

  • Hundreds of United States military veterans vow to defend the Standing Rock protest camp and march through a winter blizzard to the scene of recent clashes with state police and the national guard just outside of the Lakota Sioux reservation of Standing Rock, North Dakota, December 5, 2016.

    Trump's move doesn't order construction of the pipeline, but does require expedited consideration of permit requests, NBC News reports.