Oil rises to seven-week highs on signs of tighter supply
REUTERS - The oil price rose towards its highest since early July on Tuesday, thanks to evidence of still-modest increases in output from OPEC and improving Chinese refining demand.
REUTERS - The oil price rose towards its highest since early July on Tuesday, thanks to evidence of still-modest increases in output from OPEC and improving Chinese refining demand.
REUTERS - Oil prices jumped on Tuesday after Saudi Arabia said it cut production, adding to concerns over global supply as U.S. sanctions against Iran curb its exports, though the prospect of a slowdown in global economic growth kept a lid on markets.
REUTERS - Oil prices dipped on Monday as trade tensions and troubled emerging markets dented the outlook for fuel demand, though U.S. sanctions against Iran pointed towards tighter supply ahead.
REUTERS - Brent oil futures steadied under $74 a barrel on Friday as the market focused on bearish longer-term factors after gains in the previous session, which were driven by U.S. crude inventories in at a major hub falling to their lowest in nearly four years.
APRNEWS - Oil prices fell for a third day on Thursday, following a surprise increase in U.S. crude inventories that added to existing concern about the rapid rise in global crude supply.
REUTERS - Oil prices fell about 1 percent on Wednesday as a surprise increase in U.S. crude stockpiles and growing OPEC production fed worries that global supplies could swell, while investors continued to worry that trade tensions could hit energy demand.
REUTERS - The daughter of a former president of Angola failed to respond to her first summons from state prosecutors to answer questions about her time running Sonangol, the state oil company, Angola’s state news agency reported.
APRNEWS - International oil company, Total of France, Tuesday announced a partnership agreement with Indian based Tata Consultancy Services (TCS) aimed at improving its refinery performance, by building an innovative center in the country.
REUTERS - U.S. President Donald Trump told Iran it risked consequences “the like of which few throughout history have suffered before” if the Islamic Republic made more threats against the United States.
REUTERS - Oil prices rose on Monday on worries over supply after tensions worsened between Iran and the United States, while some offshore workers began a 24-hour strike on three oil and gas platforms in the British North Sea.
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