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Energy Commodities Oil

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  • *OPEC supplies climb despite pledge to cut output. SINGAPORE, July 5- Brent crude oil remained below $50 per barrel on Wednesday, weighed down by another rise in OPEC supplies despite a pledge to cut production, but geopolitical tensions in the Korean peninsula and the Middle East put a floor under prices. "Oil bulls have numerous obstacles to overcome," said Stephen...

  • *Graphic of OPEC oil exports: http://reut.rs/2tLZsFt. OPEC exports jumped to 25.92 million bpd in June this year, up 450,000 bpd from May's 25.47 million bpd, according to vessel-tracking and port data compiled by Thomson Reuters Oil Research. Over the first six months of this year OPEC exports averaged 25.02 million bpd, up 290,000 bpd from the same period in...

  • Chinese residents wear masks for protection as smoke billows from stacks in Shanxi, China.

    China's efforts to clean up air quality are bearing fruit as dirty coal use likely dropped 40 percent over the past five years, a report said.

  • Qatar's plans to ramp up LNG production could alleviate gas shortage pressures in Australia's east coast, explains Shane Oliver at AMP Capital Investors.

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

    Oil prices fell on Wednesday, ending their longest bull-run in more than five years, as climbing OPEC exports turned sentiment more bearish.

  • *OPEC supplies are climbing despite its pledge to cut output. SINGAPORE, July 5- Oil markets were firm on Wednesday on worries over geopolitical tensions in the Korean peninsula and the Middle East, although prices were capped as supply remains ample despite an OPEC- led drive to rein in production. Traders said that firm prices came on the back of a sense of rising...

  • LONDON July 4- Oil prices flirted with both positive and negative territory on Tuesday, hovering around $50 a barrel on tentative signs that a persistent rise in U.S. crude production may be slowing. The international benchmark settled down 7 cents at $49.61 per barrel. Independence Day holiday on July 4, while Brent also faced technical resistance as it...

  • LONDON July 4- Oil prices flirted with both positive and negative territory on Tuesday, hovering around $50 a barrel on tentative signs that a persistent rise in U.S. crude production may be slowing. The international benchmark settled down 7 cents at $49.61 per barrel. Independence Day holiday on July 4, while Brent also faced technical resistance as it...

  • U.S. Secretary of State Rex Tillerson (R) meets with Qatari Foreign Minister Sheikh Mohammed bin Abdulrahman Al Thani at the State Department in Washington, U.S., June 27, 2017.

    Qatar announced it will raise its liquefied natural gas output by 30 percent, just as the United States aims to hike LNG exports.

  • *Many traders close positions ahead of July 4 U.S. holiday. LONDON, July 4- Brent oil prices gained slightly on Tuesday, stabilizing near $50 a barrel on tentative signs that a persistent rise in U.S. crude production may be slowing. Independence Day holiday on July 4, while Brent also faced technical resistance as it approached $50, traders said.

  • *Many traders close positions ahead of July 4 U.S. holiday. LONDON, July 4- Brent oil prices gained slightly on Tuesday, stabilising near $50 a barrel on tentative signs that a persistent rise in U.S. crude production may be slowing. Independence Day holiday on July 4, while Brent also faced technical resistance as it approached $50, traders said.

  • A file photo of Doha, Qatar.

    Qatar Petroleum plans to boost gas production from its giant North Field, which it shares with Iran, by 20 percent after new gas development, the CEO said.

  • *Many traders close positions ahead of July 4 holiday. LONDON, July 4- Oil prices fell on Tuesday, as investors booked profits on an eight-day rally that was triggered by tentative signs that a persistent rise in U.S. crude production may be slowing. Independence Day holiday on July 4, while Brent also faced technical resistance as it approached $50 per barrel,...

  • *Many traders close positions ahead of July 4 holiday. LONDON, July 4- Oil prices fell on Tuesday, halting a run of eight straight days of gains on signs that a persistent rise in U.S. crude production is running out of steam. Independence Day holiday on July 4, while Brent also faced technical resistance as it approached $50 per barrel, traders said.

  • Inflation disappointing but markets

    Marilyn Watson, global bond strategist for Blackrock, said that despite disappointing inflation the firm is comfortable with the current market situation.

  • *Many traders close positions ahead of July 4 holiday. LONDON, July 4- Oil prices fell on Wednesday, halting a run of eight straight days of gains on signs that a persistent rise in U.S. crude production is running out of steam. Independence Day holiday on July 4, while Brent also faced technical resistance as it approached $50 per barrel, traders said.

  • There was concern that some LNG cargoes may need to be redirected, but otherwise there was no impact, says Richard Gorry from JBC Energy Asia.

  • LONDON, July 4- Retreating crude prices removed a key driver of European stocks' buoyant start to the month on Tuesday, leading them lower as a spate of dealmaking news moved individual stocks. Britain's FTSE was 0.5 percent lower. EDP was a top gainer, up 3.8 percent after Spain's Gas Natural approached the Portuguese utility for a $40 billion merger which would...

  • *Many traders close positions ahead of July 4 holiday. SINGAPORE, July 4- Oil prices retreated in Asian trade on Tuesday, halting a run of eight straight days of gains on signs that a persistent rise in U.S. crude production is running out of steam. Independence Day holiday on July 4, while Brent also faced technical resistance as it approached $50 per barrel, traders...

  • *Many traders close positions ahead of July 4 holiday. SINGAPORE, July 4- Oil prices retreated in Asian trade on Tuesday, halting a run of eight straight days of gains on signs that a persistent rise in U.S. crude production is running out of steam. Independence Day holiday on July 4, while Brent also faced technical resistance as it approached $50 per barrel, traders...