Oil hits seven year highs before easing Oil eased today from its highest in more than seven years as Ukraine hinted at possible concessions to Russia that could alleviate tensions between the … Business • 14 Feb
Oil extends gains above $90 as winter storm hits US Oil prices climbed today, extending sharp gains in the previous session as frigid weather swept across large swathes of the US, threatening to further disrupt … Business • 04 Feb
Oil takes a breather as OPEC+ sticks to output plans Oil prices eased today following weak US payrolls data and some profit-taking, but remained underpinned by tight supply as OPEC+ producers stuck to planned moderate … Business • 03 Feb
OPEC+ sticks to planned output rises despite oil rally Oil prices were steady today as investors waited for the outcome of an OPEC+ meeting and official US data on crude and product inventories to … Business • 02 Feb
Oil slips below $89 on speculation of faster OPEC+ hike Oil prices slipped today, staying close to a seven-year high, weighed by speculation OPEC+ could go further than expected to add supply at a meeting … Business • 01 Feb
Oil heads for sixth weekly gain amid supply concerns Oil prices rose today, heading towards a sixth consecutive weekly gain, as geopolitical tensions continue to raise supply concerns. Business • 28 Jan
Oil prices slip as China cuts import quotas Oil prices eased today after the world's top importer China cut the first batch of crude import allocations for 2022, offsetting the impact of US … Business • 30 Dec 21
Oil rises on easing Omicron fears and Iran delay Oil prices rose nearly $2 today, extending the previous day's almost 5% rebound as concerns over the impact of the Omicron coronavirus variant on global … Business • 07 Dec 21
Oil rebounds on Omicron hopes and Iran talks Oil climbed by $2 a barrel towards $72 today on hopes that the Omicron coronavirus variant would have a less damaging economic impact if its … Business • 06 Dec 21
OPEC+ to proceed with planned January oil output hike OPEC and its allies agreed to stick to their existing policy of monthly oil output increases despite fears that a US release from crude reserves … Business • 02 Dec 21
OPEC+ to decide on oil output at meeting tomorrow OPEC and its allies will decide tomorrow whether to release more oil into the market or restrain supply amid big gyrations in crude prices, a … Business • 01 Dec 21
Oil rebounds to $76 after Omicron-related drop overdone Oil rebounded by almost 5% today to $76 a barrel as some investors viewed Friday's slump in oil and financial markets on concern about the … Business • 29 Nov 21
Oil traders focus on OPEC+ response to US-led release Oil prices fell slightly today, as investors eyed how major producers respond to the US-led emergency oil release designed to cool the market and with … Business • 25 Nov 21
US challenges OPEC+ with coordinated release of oil The United States has said it will release millions of barrels of oil from strategic reserves in coordination with China, India, South Korea, Japan and … Business • 23 Nov 21
OPEC rebuffs US calls for speedier oil output increases OPEC and its allies agreed at a meeting today to stick to plans to raise oil output by 400,000 barrels per day (bpd) from December, … Business • 04 Nov 21
Oil hits multi-year high on OPEC+ restraint amid crunch Oil prices dropped today after hitting a multi-year high above $83 a barrel, pressured by an American Petroleum Institute (API) report showing rising crude inventories … Business • 06 Oct 21
OPEC+ agrees to stick to existing oil output plan OPEC and its allies agreed to stick to their existing agreement to add 400,000 barrels per day (bpd) of oil to the market in November, … Business • 04 Oct 21
Oil prices rise on expected US stocks draw Oil prices climbed over $1, extending overnight gains after industry data showed US crude stocks fell more than expected last week in the wake of … Business • 22 Sep 21
Oil falls after Saudi price cuts signal demand concerns Oil prices fell today, extending losses after the world's top exporter Saudi Arabia slashed crude contract prices for Asia over the weekend, reflecting well-supplied global … Business • 06 Sep 21
Oil rises on demand outlook, Gulf outages Oil prices rose today a rebound in global demand was widely expected and a slow recovery for the US Gulf Coast export and refining hub … Business • 03 Sep 21
Oil drops after OPEC+ reaffirms supply return Oil prices fell today after OPEC+ agreed to keep its policy of gradually returning supply to the market at a time when coronavirus cases around … Business • 02 Sep 21
Oil falls 5% as OPEC+ producers agree to raise output Oil prices fell over $3 in their largest daily decline since late March on Monday after OPEC+ overcame internal divisions and agreed to boost output, … Business • 19 Jul 21
Oil slips as economic woes offset tightening supplies Crude futures slipped this morning as concerns over slowing global growth outweighed the prospect of tightening supply after talks among key producers to raise output … Business • 12 Jul 21
Oil mixed amid US inventories draw, OPEC+ impasse Oil prices rose for a second day today as data showed a draw in US inventories, but were headed for a weekly loss amid uncertainty … Business • 09 Jul 21
Oil prices continue to fall as OPEC+ uncertainty weighs Oil prices fell for a third day today amid supply uncertainty after the collapse of talks among leading producers raised the possibility of the current … Business • 08 Jul 21
