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Oil markets were stable on Monday, holding on to Friday's gains even though rising U.S. output weighed on hopes the market would tighten. » Read More
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CNBC's Jackie DeAngelis reports on how nuclear gas prices are affecting other sources of energy in the U.S.
*China's gasoline demand to slow sharply- BMI. LONDON, Aug 17- Oil prices steadied on Thursday after U.S. data showed a big fall in crude stockpiles but also an increase in production, taking U.S. crude output to its highest in more than two years. Brent crude was down 15 cents at $50.12 a barrel by 1330 GMT.
*China's gasoline demand to slow sharply- BMI. LONDON, Aug 17- Oil prices steadied on Thursday after U.S. data showed a big fall in crude stockpiles but also an increase in production, taking U.S. crude output to its highest in more than two years. Brent crude was down 10 cents at $50.17 a barrel by 1245 GMT.
The largest railroad in the U.S. continues to cut costs, this time by laying off about 8 percent of its workforce.
*China's gasoline demand to slow sharply- BMI. LONDON, Aug 17- Oil prices steadied on Thursday after U.S. data showed a big fall in crude stockpiles but also an increase in production, taking U.S. crude output to its highest in more than two years. Brent crude was down 5 cents at $50.22 a barrel by 1055 GMT.
Markets in Europe closed lower on Thursday as uncertainty surrounding internal U.S. policy continued to weigh on investor sentiment despite tensions easing between the U.S. and North Korea.
*China's gasoline demand to slow sharply- BMI. LONDON, Aug 17- Oil prices steadied on Thursday after U.S. data showed a big fall in crude stockpiles but also an increase in production, taking U.S. crude output to its highest in more than two years. U.S. light crude was 5 cents lower at $46.73.
*China's gasoline demand to slow sharply- BMI. SINGAPORE, Aug 17- Oil prices edged up on Thursday, but the market continued to be weighed down by high production, especially in the United States. "If inventory declines continue at this pace, stocks will fall back below the five-year average in around two months," said William O'Loughlin, analyst at Australia's Rivkin...
*China's gasoline demand to slow sharply- BMI. SINGAPORE, Aug 17- Oil prices edged up on Thursday, clawing back some ground after losses in the previous session. Brent crude futures were at $50.44 per barrel at 0543 GMT, up 17 cents, or 0.3 percent, from their last close.
KHOBAR, Saudi Arabia, Aug 17- Saudi Arabia's crude oil exports in June fell slightly to 6.889 million barrels per day, 35,000 bpd lower than the May level, official data showed. OPEC's biggest producer also pumped 10.070 million bpd in June, up 190,000 bpd from May, according to a posting on the Joint Organizations Data Initiative website. OPEC's share of the cuts,...
Rising crude oil output from U.S. shale fields will continue to disrupt OPEC efforts to rebalance supply and demand, says John Driscoll, chief strategist, JTD Energy Services.
Record refinery runs in the U.S. are drawing down crude stocks, but gasoline produced is not seeing expected strong demand in the summer driving season, says Matt Smith, director of commodities, Clipper Data.
Oil prices rose on Thursday on expectations of a hefty stockpile draw at the U.S. oil storage hub at Cushing, Oklahoma.
*Angola releases large crude export programme. *China gasoline demand to top out around 2025- CNPC. U.S. crude inventories dropped for a seventh consecutive week, falling 8.95 million barrels last week to 466.5 million barrels to their lowest since January 2016, the Energy Information Administration said.
ABUJA/ LONDON, Aug 16- Nigeria's production cost per barrel of crude oil is down to $23, the state oil company said on Wednesday, after the country last month said the cost was $29 a barrel, one of the highest levels in the world. The Nigerian National Petroleum Company did not say in its statement how the firm had driven the cost down by $6 in the three weeks since the...
NEW YORK, Aug 16- U.S. crude oil inventories fell for the seventh consecutive week in their largest drawdown in nearly a year while exports and production continued to rise, the Energy Information Administration said on Wednesday. The report also had bearish elements, as 2.5 million barrels of the draw was on the West Coast, somewhat limiting the market impact of...
U.S. coal exports are up nearly 60 percent this year, but analysts say the jump is due to temporary disruptions.
*Canadian dollar at C $1.2722, or 78.60 U.S. cents. Prices of oil, one of Canada's major exports, were lifted restrained by excess supply. The United States, Canada and Mexico are due to kick off NAFTA talks later in the day.
SINGAPORE/ LONDON, Aug 16- Oil prices edged up on Wednesday, lifted by hopes U.S. crude inventories declined for a seventh straight week, although markets were still restrained by excess supply. The U.S. government's Energy Information Administration was due to release stocks data on Wednesday after industry group the American Petroleum Institute said on...
*Iraq says it's complying with OPEC- led cuts. DUBAI/ LONDON, Aug 16- Oil exports from Iraq's southern terminals have fallen so far this month, suggesting the country is trying to step up compliance with OPEC output cuts, but it has a long way to go to match its peers in the producer group. If sustained, this would mean exports are down for a second month, giving weight to...
