Latest News on Oil Markets
Showing of 0 - 10 from 10 results
Oil Markets - Total results - 10
Feb 13, 2019
Crude oil prices rise on deepening OPEC supply cuts, sanctions on Venezuela; analysts say demand weakensUS West Texas Intermediate (WTI) crude oil futures were at $53.66 per barrel, up 56 cents, or 1.1 percent, from their last close.
Jan 03, 2019
Oil drops as volatile markets, supply surge unsettle investors; US crude production at record high in 2018The slowdown in China and turmoil in stock and currency markets is making investors nervous, including in oil markets.
Dec 24, 2018
Fuel prices cut for fourth consecutive day; petrol rate falls below Rs 70-mark in Delhi for the first time this yearOil markets rose on Monday on signs that the recent price plunge may start crimping supply from the United States though concerns about the global economy continued to weigh.
Dec 07, 2018
OPEC looks to cut oil production to support falling price; key ally Russia likely to agree, say analystsExperts say this week's meeting of the OPEC will influence the price of oil over the coming months.
Nov 04, 2018
Crude oil market on alert as US sanctions on Iran come into force tomorrow; Saudi claims it can respond to shortfallGoing after Iran's oil money will hit Tehran where it hurts, but it also means hitting a major pillar of the global oil market — Iran is the OPEC cartel's third-largest producer — with major consequences for world supply.
Jun 25, 2018
Crude oil prices fall over 1.5 percent on OPEC's deal to raise output, but markets to remain tightPrices initially jumped after the OPEC deal was announced late last week as it was not seen boosting supply by as much as some had expected
Jan 07, 2015
Crude oil prices fall below $50 a barrel for first time since May 2009Oil markets had slumped for a fourth straight session on Tuesday as mounting worries about the supply glut pressured crude prices, which have fallen almost 10 percent this week.
Apr 13, 2012
Obama holds video conference with Sarkozy on Iran, SyriaObama and Sarkozy agreed to continue increasing the pressure on the Iranian regime through sanctions and other measures if Tehran remains unresponsive.
Feb 21, 2012
UAE will maintain oil market stability: MinisterThe United Arab Emirates has said it is committed to maintaining stability in oil markets even as the global crude oil rates were hovering near nine-month high levels on Greece bailout and worries over Iranian oil supplies.
Sep 24, 2011
Oil slides to 6-week low as recession fears growOil markets have been gripped by external economic factors after weak Chinese industrial data and a bleak economic outlook from the US Federal Reserve sent traders into safer havens, triggering the biggest commodity sell-off since May.