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OPEC reduces demand growth outlook for 4th straight month
November 2018
Oil price recovers after notable declines last week
November 2018
US oil production levels climb
November 2018

3133 News

Roncador oil field deal boosts Statoil Brazil production 175%
Norwegian resources giant Statoil, has confirmed a 25% purchase of the Roncador oil field owned by Petrobas. The deal will almost triple Statoil’s south American output and forms part of Statoil’s long-term strategic planning. read » December 2017
Record US oil output tempers gains a little
The oil price is higher Friday, as the Forties pipeline closure continues to add to upward pressure on oil stocks. Oil price gains come despite news of rising US oil output. read » December 2017
Forties pipeline repair could take weeks
The oil price topped $65 per barrel Tuesday, a price not achieved since 2015, on news a major North Sea pipeline would be shutdown for ‘a matter of weeks’. The news exacerbates growing output concerns on geopolitical tensions and pushed the price of Brent Crude and US WI oil higher. read » December 2017
Geopolitical concerns support
The oil price turned positive in early Monday afternoon trading, reversing an earlier fall. Oil production related news was mixed, with likely rising US production countering geopolitically-output related news elsewhere. read » December 2017
Oil price rise comes despite higher US output
The oil price is rising again Friday and looks likely to end the week little changed from where it began, despite earlier price falls. Renewed support has come in the form of higher Chinese oil imports data and the threat of a strike by one Nigeria’s main oil worker unions. read » December 2017
US oil inventories fall
The oil price is edging higher Thursday, as investors shrug off news that US oil production rose last month. Meanwhile, news that oil stocks fell, helped push prices higher. read » December 2017
Investors keep close watch on oil output details
The oil price fell Tuesday, on news the US’ oil output capacity rose again last week. That news comes just days after OPEC and some non-OPEC members, confirmed their decision to extend the current output cap until the end of 2018 read » December 2017
Investors keep close watch on oil output details
The oil price fell Tuesday, on news the US’ oil output capacity rose again last week. That news comes just days after OPEC and some non-OPEC members, confirmed their decision to extend the current output cap until the end of 2018 read » December 2017
Review to take place on June 21
Oil prices rose after OPEC and non-OPEC members Thursday agreed to extend the current output cap, until the end of 2018. The group also stated its intention to meet on June 21, to discuss the situation and make changes to the cap agreement, if required. read » December 2017
Delegates still discussing details
The oil price is rising Thursday, as reports suggest the output cap extensions has been agreed. No formal announcement has been made by OPEC. read » November 2017