Oil mixed on Saudi commitment to cut output, investor skepticism
Oil markets were mixed on Tuesday, supported by growth in U.S. crude production and Saudi Arabia saying it would…
Browsing Tag
oversupply
Oil rises after month of steady decline but oversupply still weighs
Oil rose on Monday, driven by new orders as traders staked out positions at the start of the new month, but the…
Oil holds near April lows as oversupply drags
Oil prices came off early gains on Thursday and were close to April lows touched in the previous session as crude…
Oil retreats after rising on hopes of Russia, OPEC cooperation
Crude oil futures fell around 1 percent in Asian trading on Thursday, eroding gains of nearly 3 percent made in the…
Brent, U.S. oil mark fresh 6-1/2-year lows on China and oversupply
Brent and U.S. crude futures hit fresh 6-1/2-year lows on Monday to drop below the latest supports of $45 a barrel…
Oil dips as Oversupply outweighs Saudi Royal reshuffle
Oil prices dipped on Wednesday as oversupply and weak demand outweighed uncertainty in Saudi Arabia where King…
Oversupply Blesses Abu Dhabi’s Renters
With residential rents in Abu Dhabi forecast to continue to fall this year as new supply hits the market, tenants…
