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
Oil rises to $75 but OPEC+ uncertainty clouds outlook Oil rose to $75 a barrel today, rebounding from steep losses a day earlier with support coming from a tight market in the short term … Business • 07 Jul 21
Oil hits multi-year highs after OPEC+ talks collapse Oil prices climbed to multi-year highs today after OPEC+ producers clashed over plans to raise supply to meet rising global demand. Business • 06 Jul 21
Oil up as OPEC+ calls off talks over output row OPEC+ ministers have called off oil output talks after clashing last week when the United Arab Emirates balked at a proposed eight-month extension to output … Business • 05 Jul 21
Oil prices fall after OPEC+ extends supply talks Oil prices edged lower today after OPEC+ ministers delayed an output policy meeting, with sources saying the United Arab Emirates had balked at proposals that … Business • 02 Jul 21
Oil drops as Covid surges threaten fuel demand outlook Oil prices dropped for a second day today on worries about slower fuel demand growth as outbreaks of the highly contagious Delta variant of coronavirus … Business • 29 Jun 21
Oil prices rise as global inventories decline Oil prices inched higher this morning, and were on track for a fifth consecutive weekly gain, on expectations that demand growth would outstrip supply and … Business • 25 Jun 21
Oil jumps to more than two-year high on US inventories Oil rose above $75 a barrel today, reaching its highest since late 2018, after an industry report on US crude inventories reinforced views of a … Business • 23 Jun 21
Oil prices climb as Iran nuclear talks drag on Oil prices rose today, underpinned by strong demand during the summer driving season and a pause in talks to revive the Iran nuclear deal that … Business • 21 Jun 21
Oil hits new high near $75 on demand rise Oil prices gained for a fifth day in a row today, climbing towards $75 a barrel to its highest since April 2019, supported by a … Business • 16 Jun 21
Oil prices rise as demand improves, supplies tighten Oil prices rose today, hitting their highest levels in more than two years supported by economic recovery and the prospect of fuel demand growth as … Business • 14 Jun 21
Oil prices rise as demand picture improves Oil prices rose for a third day today on expectations of a surge in fuel demand later this year, particularly in the US and Europe … Business • 03 Jun 21
Oil prices climb on improving demand outlook Oil prices climbed in early trade today, underpinned by the bright outlook for fuel demand growth in the next quarter, while investors looked ahead to … Business • 31 May 21
OPEC+ to ease oil output cuts from next month OPEC+ has agreed to gradually ease its oil output cuts from May, after the new US administration called on Saudi Arabia to keep energy affordable … Business • 02 Apr 21
Oil prices gain on expectations OPEC+ will keep lid on Oil prices rose today as investors bet OPEC and its allies would largely agree to extend their supply curbs into May, while strong growth in … Business • 31 Mar 21
Oil falls as Suez opens, focus turns to OPEC output cut Oil prices slid today as the Suez Canal reopened to traffic, while focus turned to an OPEC+ meeting this week that is likely to agree … Business • 30 Mar 21
Oil steady near $70 on hopes of recovering demand Oil prices hovered near $70 a barrel today, supported by production cuts by major oil producers and optimism about a demand recovery in the second … Business • 12 Mar 21
Oil prices hit highest level in just over a year Oil prices rose today to their highest in just over a year, with Brent nudging past $60 a barrel, boosted by supply cuts among key … Business • 08 Feb 21
IEA trims 2021 global oil demand forecast The International Energy Agency trimmed its 2021 global oil demand forecast today as fresh coronavirus lockdowns cloud the outlook but said mass vaccination programmes should … Business • 19 Jan 21
Oil hits new 11-month highs after US inventory fall Oil prices were steady today after hitting fresh 11-month highs on a fall in US stockpiles and in the wake of a pledge by Saudi … Business • 07 Jan 21
Oil extends gains after surprise Saudi output cut Oil prices extended gains today, rising to their highest since late February, after Saudi Arabia announced a big voluntary production cut, and as an industry … Business • 06 Jan 21
Lockdowns depress demand for oil OPEC sees plenty of downside risks for oil markets in the first half of 2021, its secretary general said, before meeting allies led by Russia … Business • 04 Jan 21
Oil set for 20% drop in 2020 due to lockdowns impact Global crude oil markets have lost about a fifth of their value in 2020 as strict coronavirus lockdowns paralysed much of the global economy, but … Business • 31 Dec 20
Oil up on hopes of demand recovery, lower US stocks Oil prices traded flat this evening, supported by a draw in US crude inventories and Britain's approval of a second coronavirus vaccine but pressured by … Business • 30 Dec 20
OPEC says oil demand to plateau in late 2030s World oil demand will plateau in the late 2030s and could by then have begun to decline, OPEC said today. Business • 08 Oct 20
