×

Energy Commodities Oil

  • *Brent crude dipped below $50 but has since recovered. *China's fuel exports near record, imports slump. SINGAPORE, March 23- Oil prices recovered on Thursday from losses chalked up the session before, but the market remained under pressure as bloated U.S. crude inventories and rising output dampen OPEC- led efforts to curb global production.

  • *Brent crude dipped below $50 but has since recovered. *China's fuel exports near record, imports slump. SINGAPORE, March 23- Oil prices recovered on Thursday from losses chalked up the session before, but the market remained under pressure as bloated U.S. crude inventories and rising output dampen OPEC- led efforts to curb global production.

  • SINGAPORE, March 23- Oil prices on Thursday recovered from losses chalked up the session before, but the market remains under pressure as bloated U.S. crude inventories and rising output dampen OPEC- led efforts to curb global production. Prices for front-month Brent crude futures, the international benchmark for oil, were at $50.94 per barrel at 0146 GMT, up 30...

  • An oil pump jack in the oil town of Gonzales, Texas.

    Oil prices on Thursday recovered from losses chalked up the session before.

  • SINGAPORE, March 23- Oil prices on Thursday recovered from losses chalked up the session before, but the market remains under pressure as bloated U.S. crude inventories and rising output dampen OPEC- led efforts to curb global production. In the United States, West Texas Intermediate crude futures were up 33 cents at $48.38 a barrel, after testing support at $47 a...

  • *OPEC inclined to extend cuts; wants non- OPEC participation. NEW YORK, March 22- Oil prices slipped on Wednesday to their lowest since late November, with Brent testing the $50 per barrel support, after data showed record high U.S. crude inventories rising faster than expected, raising doubts over the viability of OPEC- led output cuts. "The fact that this supply has...

  • Interior Secretary Ryan Zinke

    The United States appears to be backing away from another global effort to reduce corruption connected to drilling and mining.

  • *OPEC inclined to extend cuts; wants non- OPEC participation. NEW YORK, March 22- Oil prices slid to almost four-month lows on Wednesday, with Brent briefly falling below $50 a barrel, after data showed U.S. crude inventories rising faster than expected, piling pressure on OPEC to extend output cuts beyond June. "The market remains nervous about rising U.S. production,...

  • TORONTO, March 22- Canada's main stock index fell on Wednesday as weakness in oil prices weighed on the energy sector, offsetting modest strength in gold-mining shares. Suncor Energy Inc gave back 0.4 percent to C $40.38, and TransCanada Corp was down 0.3 percent at C $60.92. U.S. crude prices were down 1.2 percent to $47.67 a barrel, while Brent crude lost 1.3...

  • *Canadian dollar at C $1.3382 or 74.73 U.S. cents. Oil is one of Canada's leading exports. trading at C $1.3382 to the greenback, or 74.73 U.S. cents, weaker than the Bank of Canada's official close on Tuesday of C $1.3359, or 74.86 U.S. cents.

  • *OPEC inclined to extend cuts, wants non- OPEC backing. *Rising U.S. production undermines OPEC reduction effort. "With U.S. crude stocks continuing to mount into record territory both in total and at Cushing following almost two months of OPEC production restraint, we feel that the odds of a gradual unraveling in the OPEC agreement have been increased...

  • Saudi Minister of Energy Khalid Al-Falih speaks to reporters during the 10th edition of the World Future Energy Summit on Jan. 16, 2017.

    As oil prices languish at a three-month low, traders are asking if petroleum producers will extend their six-month agreement to cut output.

  • *OPEC inclined to extend cuts, wants non- OPEC backing. LONDON, March 22- Oil prices slipped to almost four-month lows on Wednesday after data showed U.S. crude inventories rising faster than expected, piling pressure on OPEC to extend output cuts beyond June. OPEC, which sources say is increasingly leaning towards extending cuts, has broadly delivered on pledged...

  • *OPEC inclined to extend cuts, wants non- OPEC backing. LONDON, March 22- Oil prices slipped to three-month lows on Wednesday after data showed U.S. crude inventories rising faster than expected, piling pressure on OPEC to extend output cuts beyond June. OPEC, which sources say is increasingly leaning towards extending cuts, has broadly delivered on pledged...

  • *OPEC inclined to extend cuts, wants non- OPEC backing. LONDON, March 22- Oil prices slipped back to three-month lows on Wednesday after data showed U.S. crude inventories rising faster than expected, piling pressure on OPEC to extend output cuts beyond June. Sources have said OPEC is inclined to extend but wants backing from non- OPEC producers, including Russia,...

  • *OPEC inclined to extend cuts, wants non- OPEC backing. LONDON, March 22- Oil prices slipped back towards three-month lows on Wednesday after data showed U.S. crude inventories rising faster than expected, piling pressure on OPEC to extend output cuts beyond June. Sources have said OPEC is inclined to extend but wants backing from non- OPEC producers, including...

  • Commodity focussed vehicles seeing bulk of hedge fund inflows - How hedge funds are driving the oil industry

    CNBC's Gemma Acton speaks about hedge fund inflows, including how the industry is affecting the oil market.

  • Expect oil to be sub $45 - not sub $40 - for a little while: UBS

    Bhanu Baweja, global head of EM Cross Asset Strategy at UBS, discusses his range for oil prices which he caps at $60 per barrel.

  • *Rising U.S. production undermines OPEC effort to cut output. SINGAPORE, March 22- Oil prices dipped on Wednesday as rising crude stocks in the United States underscored an ongoing global fuel supply overhang despite an OPEC- led effort to cut output. "The American Petroleum Institutes' crude inventories stuck the knife into crude overnight, coming in at a 4.5...

  • BEIJING, March 22- The head of crude oil trading at Chinese state energy giant PetroChina has resigned after 20 years with the company, a rare departure from a state-owned enterprise known for retaining talent in the midst of rapid expansion. Chinaoil has chosen as Li's replacement Zhang Peng, a deputy general manager in the same department at Chinaoil who is...