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Tag: Barrel

Brent crude oil holds above $50 after OPEC meeting

SINGAPORE: Brent oil prices held around $50 a barrel on Friday following an OPEC meeting that failed to agree on output targets, but which was seen as supportive as Saudi Arabia pledged not to flood the market with more fuel.

IEA says worst may be over for oil price

PARIS: The oil price may have finally bottomed out after an unprecedented drop over the past 18 months, the International Energy Agency (IEA) said Friday, noting oil's "remarkable recovery" over recent weeks.

Oil prices fall in Asia but Brent stays above $40

SINGAPORE CITY: Oil prices dipped in Asia Tuesday but Brent crude stayed above $40 a barrel, as traders took profits after solid gains over the past three weeks.

Crude back below $30 as prices extend losses

SINGAPORE: Crude fell back below $30 a barrel in Asia Tuesday as worries about the global supply glut returned to the fore, following a two-day rebound.

US crude falls below $28 as IEA warns market could ‘drown in oil’

SINGAPORE: US crude tumbled below $28 a barrel in Asia on Wednesday, hitting new 12-year lows, after the International Energy Agency (IEA) warned that the oil market could "drown in oversupply".

Oil plunges below $29 on prospects of more Iran crude, China worries

NEW YORK: Oil prices crashed 6 percent on Friday to close below $30 a barrel for the first time in 12 years, resuming this year's breathtaking rout as Chinese stock markets fell further and traders braced for an imminent rise in Iran's exports.

Oil resumes decline in Asia ahead of US stockpiles data

SINGAPORE: Oil prices resumed their decline in Asia on Wednesday ahead of the release of data on US crude stockpiles and production.

Oil prices up as divided OPEC meets

SINGAPORE: Oil prices rose in Asia Friday as traders hedged their bets ahead of a meeting of the OPEC cartel whose members are divided on whether to slash production in an oversupplied global market.

Oil prices down in Asia ahead of OPEC policy meeting

SINGAPORE: Oil prices fell in Asia Wednesday as the Organization of the Petroleum Exporting Countries (OPEC) prepared to meet in Vienna, amid expectations it will maintain high output levels.

Oil surges after Turkey shoots down Russian jet

NEW YORK: Global oil prices surged higher Tuesday after Turkey shot down a Russian warplane on the Syrian border, sparking concerns about rising in the oil-rich Middle East.

Oil prices up on geopolitical tensions sparked by Paris attacks

SINGAPORE: Oil prices climbed in Asia Monday on geopolitical tensions sparked by the deadly terror attacks in Paris, but analysts said a global crude supply glut is likely to restrict any gains.

Oil prices bounce back but gains limited

SINGAPORE: Oil prices rebounded in Asia Monday but stayed below $45 a barrel as gains were limited by a strong dollar and data showing a decline in Chinese crude imports.

Oil prices fall on slowing global economic growth outlook

SINGAPORE: Oil prices dropped on Monday despite a fall in U.S. drilling activity for the fourth straight week, with analysts pointing to a poor economic growth outlook as the main reason for low crude prices.

Oil prices lower in Asian trade

SINGAPORE: Oil prices eased in Asia Friday on concerns about unrelenting global production levels and lofty supplies, analysts said.

Oil prices drop as Middle East tension eases

SINGAPORE: Oil prices extended declines from the previous session on Wednesday as tensions in the Middle East eased after Saudi Arabia ended an air strike campaign in Yemen, but industry leaders said the market could rebound as attention turned to rising demand.

Oil dives 5 percent as worries about Iran talks trump Yemen

NEW YORK: Oil tumbled 5 percent on Friday, erasing the previous session's gains, as Yemen's conflict looked less likely to disrupt Middle East crude shipments and investors turned their focus to talks for a potential Iran nuclear deal that could put more supply on the market.

Oil leaps 5 percent, most in a month, on air strikes in Yemen

NEW YORK: Oil jumped about 5 percent on Thursday, the biggest daily gain in a month, as air strikes in Yemen by Saudi Arabia and its Gulf Arab allies sparked fears that escalation of the Middle East battle could disrupt world crude supplies.

Oil prices mixed in Asia, US crude near six-year lows

SINGAPORE: US crude fell to near six-year lows in Asia on Tuesday, extending losses in New York as worries about a global oversupply were exacerbated amid an OPEC warning of a continued petroleum glut, analysts said.

Oil prices rebound in Asia

SINGAPORE: Oil prices climbed in Asia Friday as news of a deal to end a strike at US refineries helped reverse losses that had been fuelled by another leap in US inventories.

Oil prices rebound in Asia after heavy selloff

SINGAPORE: Oil prices rebounded in Asia on Wednesday following a sharp decline in the previous session, analysts said, as investors await a weekly US stockpiles report later in the day.
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