Oil eases on China refining dip, higher U.S. crude output

Thu, 14 Jun 2018 - 09:20 GMT

Brent crude futures LCOc1 were at $76.47 per barrel by 0656 GMT, down 27 cents, or 0.4 percent, from their last close.

Oil prices fall as market awaits Trump decision on Iran

Tue, 08 May 2018 - 08:39 GMT

Oil prices retreated on Tuesday as investors waited on an announcement by President Trump on whether the U.S. will reimpose sanctions on Iran.

Oil hovers near 3 1/2-year peak, Asia shares up ahead of Trump announcement

Tue, 08 May 2018 - 08:07 GMT

Oil prices eased slightly on Tuesday, a day after hitting 3-1/2 year highs.

Egypt’s exports increase 7% in January 2018

Sun, 08 Apr 2018 - 12:44 GMT

Egypt’s exports increased seven percent year-on-year in January 2018 to reach $2.15 billion, compared to $2.01 billion in the same month in 2017.

Firms complain of contaminated crude from U.S. reserve

Thu, 29 Mar 2018 - 08:18 GMT

Problems with crude quality would make the U.S. Strategic Petroleum Reserve (SPR) less useful in an emergency.

Oil eases back from 2018 highs above $70 a barrel

Wed, 28 Mar 2018 - 10:22 GMT

Oil fell on Wednesday as investors took profit on a rally the previous day to this year’s highs.

Oil loses ground as rising U.S. output threatens to disrupt tightening market

Thu, 22 Mar 2018 - 07:58 GMT

Brent crude futures LCOc1 were at $69.35 per barrel at 0722 GMT, down 12 cents, or 0.2 percent from their last close.

Oil prices rise on Middle East tension, falling Venezuela output

Tue, 20 Mar 2018 - 07:58 GMT

Oil prices rose by almost 1 percent on Tuesday, lifted by a weak dollar, tensions in the Middle East and concerns of a further fall in Venezuelan output.

Oil prices fall on relentless rise in U.S. crude output

Tue, 13 Mar 2018 - 07:50 GMT

Oil prices fell on Tuesday, extending losses from the previous session, as the inexorable rise in U.S. crude output weighed on markets.

Oil edges up on reduced U.S. drilling activity, booming job market

Mon, 12 Mar 2018 - 07:26 GMT

Brent crude futures LCOc1 were at $65.58 per barrel, up 9 cents, or 0.1 percent, from their previous close.

Global stocks slump as key Trump adviser quits, stoking trade war fears

Wed, 07 Mar 2018 - 07:26 GMT

Spreadbetters expected European stocks to open lower, with Britain’s FTSE falling 0.7 percent, Germany’s DAX losing 0.8 percent and France’s CAC dropping 0.85 percent.

Egypt’s natural gas production rises to 3.4M tons in December 2017

Tue, 06 Mar 2018 - 09:07 GMT

Egypt’s production of natural gas increased in December 2017 to reach 3.4 million tons, up from 2.7 million tons in December 2016.

Dollar rises on Powell's economic outlook, stocks slip

Thu, 01 Mar 2018 - 07:37 GMT

The dollar index gained 0.34 percent, with the euro down 0.27 percent to $1.2198. The Japanese yen firmed 0.55 percent versus the greenback at 106.73 per dollar.

Oil eases as possible rise in U.S. stocks outweighs faith in OPEC

Tue, 27 Feb 2018 - 12:58 GMT

Oil edged lower on Tuesday ahead of weekly data that is forecast to show a rise in U.S. crude inventories.

U.S. to overtake Russia as top oil producer by 2019 at latest: IEA

Tue, 27 Feb 2018 - 09:54 GMT

The United States will overtake Russia as the world’s biggest oil producer by 2019 at the latest, the International Energy Agency (IEA) said Tuesday.

Asian shares mostly firmer, dollar loses early edge

Mon, 26 Feb 2018 - 07:19 GMT

Japan’s Nikkei led with an increase of 1.3 percent, while Chinese blue chips added 0.7 percent.

Oil hits nearly 3-week high as KSA to keep output well below cap

Mon, 26 Feb 2018 - 07:15 GMT

London Brent crude gained 12 cents, or 0.2 percent, to $67.43, after climbing nearly 4 percent last week.

Oil markets mixed as U.S crude, Brent move in opposite directions

Tue, 20 Feb 2018 - 07:42 GMT

Oil markets were split on Tuesday, with U.S. crude pushed up by reduced flows from Canada while international Brent prices eased.

Refiner goes belly-up after big payouts to Carlyle Group

Tue, 20 Feb 2018 - 07:34 GMT

Throughout 2016 and 2017, a rail terminal built to accept crude oil for the largest East Coast refinery often sat idle, with few trains showing up to unload.

Oil could struggle to top $70 as U.S. output offsets OPEC cuts: poll

Wed, 31 Jan 2018 - 01:57 GMT

Oil prices are unlikely to advance much higher than $70 a barrel in 2018, a Reuters poll showed on Wednesday.