Oil surges on reported US crude inventory draw, expected OPEC cut
Oil prices surged early Wednesday, pushed up by a report of a fall in U.S. crude inventories and an OPEC statement…
Browsing Tag
crude oil
US crude settles down 9 cents at $50.35, but ends week up 1.1%
Crude oil prices dropped Friday as a stronger dollar weighed on the market and an industry report showed U.S. oil…
Gulf stock markets end mixed, Saudi lost stream
Stock markets in the Gulf ended mixed on Thursday. Saudi Arabia's index lost steam in the final hour of trade and…
U.S. stocks close lower as oil slides, but post weekly gains
U.S. stocks ended near session lows on Friday, with investor sentiment hit by a renewed slide in crude-oil prices.…
Oil prices extend rise after surprise US crude stock draw
Oil prices extended gains from the previous session in Asian trading Thursday after a surprise third consecutive…
Saudi Arabia may freeze crude production—if everybody else does too: Prince Turki
Saudi Arabia could still agree to a deal to freeze oil production — as long as all other oil-producing nations do…
Egypt’s GUPCO ups crude oil production to 76,500 barrels/day
Gulf of Suez Petroleum Co – GUPCO, a joint venture between the Egyptian Government and BP Plc, has recently boosted…
China’s fuel exports continue to jump
China's oil imports crept higher in July, as the appetite for foreign crude among the country's independent…
China’s crude oil imports surge 8.8% in 2015
China's appetite for crude oil remained healthy last year, with the latest data showing imports in December surging…
Russia’s history of working with OPEC to cut oil production is awful
Prices for oil have surged over the past four trading sessions in a row, partially fueled by comments from Russia,…
