A recent plea from Venezuela for Saudi and Russia to hold off on adding to global oil supplies and disruptions from Nigerian exports helped the market see through positioning data as oil trades higher.
Iranian President Hassan Rouhani on Sunday criticized U.S. “unliteralism” in withdrawing from the Iran nuclear deal and said he appreciated efforts by China and Russia to maintain the agreement. “The U.S. efforts to impose its […]
The White House is preparing for a potential summit between President Trump and Russian President Vladimir Putin, The Wall Street Journal reported Friday. Jon Huntsman, the U.S. ambassador to Russia, is helping to set up […]
Oil prices were mixed in Asian trading, but continued to be pressured by expectations that Saudi Arabia and Russia would increase production to ease a possible shortfall in supply. Brent crude oil futures traded up […]
Record crude oil volumes exported from the United States will be heading to Asia in the next couple of months to take another piece of the market away from Russia and producers in the Organization […]
Crude oil prices plunged as Saudi Arabia joined Russia in calling for an output increase. Gold prices are down as ebbing worries about Italy boost risk appetite.
Oil prices edged down on Monday, adding to steep declines from Friday as OPEC’s de-facto leader Saudi Arabia and Russia said they may boost output and as U.S. production increases show no signs of slowing […]
The S&P 500 index and the Dow eased on Friday after a steep drop in oil prices pressured energy stocks, but losses were limited by gains in chipmakers and retail stocks. U.S. crude declined 4 […]
Saudi Arabia and Russia are discussing raising OPEC and non-OPEC oil production by some 1 million barrels a day, sources said, while OPEC’s chief said a complaint from U.S. President Donald Trump over high prices […]
Oil prices eased on Friday as Russia hinted it may gradually raise output, after having withheld supplies in tandem with producer cartel OPEC since 2017. Brent crude futures stood at $78.63 per barrel, down 16 […]