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opec
Brent futures were down 21 cents, or 0.3 per cent, at USD 63.18 by 0258 GMT.
Oil drops as market awaits ratification of OPEC+ supply cut
06 Dec 2019 10:27 AM

The group has been withholding 1.2 million bpd and the increased amount represents about 1.7 per cent of global oil output.

Brent crude futures were up 19 cents, or 0.3 per cent, at USD 62.47 a barrel.
Oil rises amid optimism over OPEC supply cuts, hopes on US-China trade
15 Nov 2019 3:41 PM

OPEC+ on Jan 1 this year cut output by 1.2 million barrels per day (bpd), and in July, renewed the pact until March 2020.

Traders are now eyeing next month’s meeting between the OPEC and Russia to determine if the group would deepen output cuts to prop up prices. (Photo: Twitter)
Oil slips as US-China trade deal hopes dwindle
13 Nov 2019 10:56 AM

A forecast by the International Energy Agency for slower global oil demand growth post-2025 also weighed on the market.

Gasoline and distillate inventories dropped 2.8 million barrels and by 622,000 barrels respectively. (Photo: Twitter)
Oil unchanged after overnight losses amid caution over trade talks
07 Nov 2019 8:43 AM

US crude exports fell nearly 1 million barrels last week to 2.4 million barrels per day.

OPEC’s output recovered in October from an eight-year low after a rapid rebound in Saudi Arabia’s production from attacks on its oil infrastructure.
Oil edges down; eyes on data amid trade deal hopes
04 Nov 2019 9:47 AM

Traders may be taking profits on oil ahead of uncertainty around macro-economic data and US oil inventory reports.

OPEC, Russia and other producers have cut oil output by 1.2 million barrels per day to support the market.
Oil prices edge higher as OPEC hints at deeper output cuts
16 Oct 2019 12:14 PM

US West Texas Intermediate (WTI) crude CLc1 had gained 16 cents or 0.3 per cent to USD 52.97 a barrel.

The US-China dispute has cast a shadow on global economic growth prospects, and left question marks over future oil demand.
Oil prices extend losses as weak China data compounds US-China trade deal doubts
15 Oct 2019 10:44 AM

Brent crude futures LCOc1 fell 30 cents, or 0.5 per cent, to USD 59.067 barrel.

Saudi Aramco sets its crude prices based on recommendations from customers and after calculating the change in the value of its oil over the past month.
Saudi oil prices for Asia expected to jump in November after attack
03 Oct 2019 10:55 AM

Saudi Aramco officials as a matter of policy do not comment on the kingdom’s monthly OSPs.

Crude prices surged by nearly 20 per cent on Monday as they responded to Saturday’s attack.
Oil falls more than 1 pc as market awaits response to Saudi oil attacks
17 Sep 2019 10:34 AM

The company has not given a specific timeline for the resumption of full output.

Oil will struggle to make substantial headway topside this week with no progress on trade talks or meetings even, soft data from Asia and a possible cracking of OPEC’s resolve to control production, said Jeffrey Halley, senior market analyst at OANDA.
Oil prices fall as market eyes trade war, awaits stocks data
03 Sep 2019 1:20 PM

US crude was down 26 cents, or 0.5 per cent, at USD 54.84 a barrel by 0644 GMT, while Brent was down 6 cents at USD 58.60 a barrel.

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