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Oil prices up on China's economic rebound signals
- Rising tensions between Saudi Arabia, Yemen contribute to more bullish oil prices
Brent leaps over alleged attacks on Aramco facilities
- Tensions in region were already heightened after cyber-attack on Iran’s main nuclear facility on Sunday
Oil down over demand fears as India’s virus cases surge
- Country confirms new single-day record with nearly 169,000 cases
Oil prices down for week ending April 9
- Investors weigh rising supplies as weak demand outlook continues due to Covid-19
Oil prices mixed over weaker dollar, rising supplies
- Prices still under pressure after major oil producers of OPEC+ agree to increase output after April
Oil prices down over unexpected build in US fuel stocks
- Low demand concerns linger with US gasoline inventory rise of 4 million barrels last week
Oil prices up on strong economic outlook, stock draw
- American Petroleum Institute estimates more-than-expected inventory draw of 2.618 million barrels for week ending Apr. 2
Oil prices up with strong economic data from US, China
- Upward price trend pushed back by OPEC+' decision to ease output and on indirect talks between US and Iran in Vienna
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Oil prices up due to positive market perception: Experts
-Markets welcome OPEC+ decision to gradually increase production as move perceived as ‘demand recovery’, not 'output rise’
Oil prices slip with demand curbed from virus concerns
- Millions of Christians celebrated Easter under restrictions and limited gatherings, raising oil demand concerns
Oil prices up by over 2% for week ending April 2
- Cautious OPEC+ output decision and fall in US oil inventories support rise of oil prices
Oil prices up over OPEC+’s cautious output ease
- Rapid increase in Eurozone manufacturing sector's PMI in March also reflects positively on oil prices
OPEC+ agrees to gradually ease output from May to July
-Saudi Arabia's cuts will phase out by raising output by 250,000 bpd in May, 350,000 bpd in June and 400,000 bpd in July
OPEC+ meeting begins with cautious optimism
- Saudi energy minister warns OPEC+ should maintain cautious stance until evidence of recovery is undeniable
Oil up ahead of OPEC+ decision on output level
- Group is scheduled to meet later on Thursday
2-month OPEC+ cuts rollover ‘best decision’: experts
- Any easing of cuts can weigh on prices especially if not matched by demand recovery, says Crystol Energy CEO Carole Nakhle
Oil up over hopes of extension of current output cuts
- Scheduled to meet on Thursday, OPEC+ will decide whether to either keep or ease current production cuts further after April
Oil prices slip due to uncertainty ahead of OPEC+ meet
- Investors are cautious before OPEC+ meeting although experts say output rise is unlikely with more Covid-19 cases in Europe
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Oil giants to convene for JMMC ahead of OPEC+ meeting
-Conformity levels to OPEC+’s voluntary production adjustments and global market conditions will be discussed during meeting
Oil down as Suez Canal re-opens after six-day blockade
- Further declines were limited as investors are hopeful of reasonable market management by OPEC+
Brent oil price down 0.91% for week ending March 26
- Prices in downward trajectory with third Covid wave concerns and more-than-expected build in US crude inventories
Oil up as Suez Canal blockage fuels supply worries
- Efforts to free container ship, Ever Given, are expected to take weeks, says Suez Canal authorities
Revenues of oil giants decline 35.4% in 2020
- Royal Dutch Shell records highest year-over-year decline in revenue
OPEC+ caution likely with recent oil price losses
- OPEC+ boost needed at end of month to curtail oil price losses in March, expert says
Oil down with US oil stocks rise, demand fears in Europe
-Weighing on prices, US crude inventories surge by 1.9 million barrels relative to market expectation of 900,000-barrel build
Suez Canal route opening assures crude tankers safety
- Rescue efforts continue to float Panamanian container ship that is blocking traffic in one of world's busiest trade routes
Iraq awards drilling of 96 oil wells to Schlumberger
- Schlumberger bid for drilling work accepted at 14.4% less than forecast price of $561 million