Energy Commodities Oil

More

  • *Some doubt OPEC will lower production as much as promised. LONDON, Jan 5- Oil prices rose on Thursday after Saudi Arabia started talks with customers about a reduction in crude sales to support a plan by OPEC to lower global supply. Investors have been suspicious that OPEC may not cut as much as promised, but several sources told Reuters on Thursday the world's...

  • *Some doubt OPEC will lower production as much as promised. LONDON, Jan 5- Oil prices rose on Thursday after Saudi Arabia started talks with customers about a reduction in crude sales to support a plan by OPEC to lower global supply. Investors have been suspicious that OPEC may not cut as much as promised, but several sources told Reuters on Thursday the world's...

  • Worker in Permian Basin oil field

    Dealmaking in the U.S. oil and gas sector rebounded strongly in 2016 as buyers scooped up prime acreage that can produce at a profit.

  • Pro's 2017 commodities outlook

    Ed Morse, Citi head of commodities, shares his outlook for gold and energy this year.

  • *Some doubt OPEC will cut production as much as promised. LONDON, Jan 5- Oil prices rose on Thursday after Saudi Arabia started talks with customers about a reduction in crude sales to support a plan by OPEC to reduce global supply. Investors have been suspicious that OPEC may not cut as much as promised, but several sources told Reuters on Thursday the world's...

  • Jan 5- Saudi Aramco has started talks with customers globally to discuss possible cuts of 3 percent to 7 percent in February crude loadings to comply with OPEC production cuts, four sources with knowledge of the matter said on Thursday. The Organization of the Petroleum Exporting Countries agreed in late November to cut production in the first half of 2017 to...

  • SINGAPORE/ NEW DELHI, Jan 5- State oil giant Saudi Aramco has started talks with customers globally to discuss possible supply cuts of up to 7 percent for Saudi crude loadings in February, three sources with knowledge of the matter said on Thursday. The potential supply cuts are aimed at meeting Saudi Arabia's commitment to cut production in a deal by the...

  • SINGAPORE/ NEW DELHI, Jan 5- State oil giant Saudi Aramco has started talks with customers globally to discuss possible supply cuts of up to 7 percent for Saudi crude loadings in February, three sources with knowledge of the matter said on Thursday. The potential supply cuts are aimed at meeting Saudi Arabia's commitment to cut production in a deal by the...

  • Benchmark Brent crude oil was down 15 cents a barrel at $56.31 by 0900 GMT. But some investors suspect OPEC may not cut production as much as it has promised, keeping stockpiles high. "There remains a question mark over whether OPEC, with a long history of non-compliance, will actually follow through.

  • West Texas Intermediate crude oil futures were trading at $53.27 per barrel at 0746 GMT, up 1 cent from the last day's settlement, when prices rose 2 percent. WTI prices were supported by an American Petroleum Institute report showing U.S. crude inventories fell 7.4 million barrels in the week ended Dec. 30 to stand at 482.7 million. "API Inventories show a...

  • Brent crude futures, the international benchmark for oil prices, were trading at $56.29 per barrel by 0559 GMT, down 17 cents from their last close. "There remains a question mark over whether OPEC, with a long history of non-compliance, will actually follow through. In a note to clients on Wednesday Goldman Sachs said "the oil market outlook in early 2017 will be...

  • Challenging year ahead for gold: Expert

    Warren Gilman at CEF Holdings says that there are headwinds ahead for gold, while oil prices will disappoint.

  • Pump jacks and wells on the Monterey Shale formation in California

    Oil producers have started cutting output but the rally in prices could be capped as U.S. shale companies boost production in 2H 2017, said JPMorgan.

  • SINGAPORE, Jan 5- Oil prices dipped on Thursday on doubts producers would fully deliver on promises to cut output, although record U.S. automobile sales and falling crude stocks offered markets some support. Brent crude futures, the international benchmark for oil prices, were trading at $56.28 per barrel at 0150 GMT, down 18 cents from their last close.

  • US shale to kick in in second half of 2017: JPMorgan

    Scott Darling at J.P. Morgan says that higher oil prices will result in greater U.S. shale oil production.

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

    Oil prices rose in an up-and-down session, lifted by news Saudi Arabia had cut production to meet OPEC's agreement to cut output.

  • SINGAPORE, Jan 5- Oil prices were firm on Thursday, buoyed by data showing a fall in U.S. crude inventories and by record car sales in the United States. Traders said that WTI had been lifted by a report by the American Petroleum Institute stating that U.S. crude inventories fell 7.4 million barrels in the week ended Dec. 30 to 482.7 million, compared with analyst...

  • *Kuwait Petroleum Corp says is committed to output cut. *OPEC deal compliance meeting set for Jan. 21-22 in Vienna. In post-settlement trade, crude rose slightly after industry group the American Petroleum Institute reported that crude stockpiles fell 7.4 million barrels in the week ended Dec. 30.

  • OIL PRICES EXTEND GAINS BRIEFLY IN POST SETTLEMENT TRADE AFTER API DATA SHOWS BIGGER-THAN-EXPECTED DRAW IN U.S.