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Trump says oil price "artificially high"
10 hours ago
Syria tensions add to production concerns
2 days ago
Global oil demand seen rising
last month

3107 News

Total CEO anticipates oil output cap to run for longer
The oil price maintained its upward momentum Wednesday supported by a number of developments, including a higher than expected draw down on US oil stocks and comments the OPEC and Russia output cap agreement would likely be extended. read » October 2017
Geo-political concerns limit decline
Gold price edges lower Tuesday as the Us dollar gains ground on news President Trump is concidering a hawkish new chairman to replace Janet Yellen when her term ends in February 2018. read » October 2017
Brent crude around $58 per barrel
Oil prices rose on Monday as tensions in the Iraqi conflict rise and demand for oil from China remains strong. read » October 2017
Further agreements on oil output needed
The price of oil rose Thursday after news US inventories and production both fell again, while oil imports by china remained strong. However, an IEA report suggested the oil price could hit a ceiling next year if more isn't done to curb production among both OPEC and non-OPEC members. read » October 2017
Oil price re-balancing requires additional work
OPEC's secretary general has called on Us shale oil producers to assist the supply-demand re-balancing effort and to consider becoming part of a solution that would benefit everyone. read » October 2017
Russian President suggests output cut extension
The oil price gained a little ground Wednesday as Russian President Putin suggested the current OPEC output cut agreement could be extended beyond the current end date of March 2018. read » October 2017
Oil price falls on reduction in OPEC output cut compliance, stronger dollar
The price of oil fell in Monday trading on concerns OPEC producers aren't complying with the output cut agreement and due to the stronger US dollar. read » October 2017
Gold price falls on higher US dollar
The price of gold has fallen as the dollar rises. But, World Gold Council chairman says it could rise in the next 12 months to $1,400 an ounce on geo-political concerns and rising consumer demand from India and China. read » September 2017
Brent crude hit 2-year high Monday
Brent crude hit a two-year high Monday on comments over a further slowdown in production from Turkish president Erdogan and BP executive Janet Kong. read » September 2017
BP exec says further output cuts needed to push oil price to $60 p/b
BP's regional CEO Janet Kong said the oil imbalance was improving thanks to China's demand and the OPEC output cut. But, in order to secure the rebalancing and push the price of oil up to OPEC's preferred $60 p/b, current output cuts should be extended. read » September 2017