APRNEWS - Oil futures were little changed on Wednesday, with prices pressured by a surprising increase in U.S. crude inventories and weak Chinese economic figures but supported by worries that rising tensions in the Middle East could hit global supplies.
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APRNEWS - Oil prices rose on Tuesday above $73 a barrel but then eased off the session high after Venezuela’s president Nicolas Maduro said military leaders remained loyal to his government despite an attempted coup that could further threaten the OPEC producer’s oil exports.
APRNEWS - Algeria needs to focus on avoiding economic instability during its political transition after the resignation of President Abdelaziz Bouteflika, a senior official at the International Monetary Fund (IMF) said.
Jihad Azour, IMF’s Middle East and Central Asia director, also told Reuters the OPEC member should carry out reforms to help cut deficit and reduce reliance on oil and gas.
APRNEWS - French energy giant Total lifted oil and gas output to record levels to bolster cash flow and lift first quarter net profits Friday -- but price volatility kept results in check.
APRNEWS - Oil prices rose by 2 percent on Monday, extending a rally from 18-month lows hit in December with support from OPEC production cuts and steadying equity markets.
Oil has gained nearly 12 percent since last Monday in its biggest week-on-week rally in two years.
APRNEWS - Qatar is to leave OPEC next month in order for the Gulf state to focus on gas production, the country's new Energy Minister Saad al-Kaabi announced in a surprise move on Monday.
REUTERS - Oil prices fell on Thursday after U.S. crude inventories swelled to their highest level since December adding to concerns about a global glut but OPEC talk of an output reduction limited losses.
APRNEWS - US sanctions against importers of Iranian oil threaten the crude oil market's precarious balance and risk surging prices, all under Saudi Arabia's watchful gaze, according to experts.
Reuters - Oil prices steadied near their highest since November 2014 on Tuesday as markets braced for tighter supply once U.S. sanctions against Iran kick in next month.
REUTERS - Oil prices steadied on Wednesday, supported by news of a fall in Iranian crude supplies as U.S. sanctions deter buyers, but gains were limited by evidence of a rise in U.S. inventories.