MOSCOW, Sept 26 Reuters Russia expects serious growth potential in global oil demand through to 2050 and is ready to supply additional barrels, its Deputy Energy Minister Pavel said on Thursday. Sorokin said that Russia did not want to flood the market if there is no need, adding that production costs are set to increase […]

SINGAPORE, Sept 26 Reuters Oil prices slumped on Thursday, reversing earlier gains, on news Saudi Arabia, the world39;s biggest crude exporter, will give up on its price target in preparation for raising output. Brent crude futures were down 1.89, or 2.57, to 71.57 a barrel, while U.S. West Texas Intermediate crude fell 1.83 cents, or […]

SINGAPORE, Sept 25 Reuters Oil prices fell on Wednesday as investors reassessed the ability of China39;s stimulus plans to boost the economy enough to drive more fuel demand growth in the world39;s largest crude importer. Brent crude futures were down 19 cents, or 0.25, at 74.98 a barrel at 0700 GMT. U.S. West Texas Intermediate […]

SINGAPORE, Sept 23 Reuters Oil prices rose on Monday, buoyed by concerns that heightened conflict in the Middle East may curtail regional supply and expectations last week39;s outsized U.S. interest rate cut will support demand. Brent crude futures for November were up 22 cents, or 0.3 at 74.71 a barrel at 0705 GMT. U.S. crude […]

Sept 20 Reuters Oil prices eased on Friday, but were on track to register gains for a second straight week following a large cut in U.S. interest rates and declining global stockpiles. Brent futures were down 50 cents, or 0.67, at 74.38 a barrel at 1004 GMT while U.S. WTI crude futures fell 48 cents, […]

BEIJING, Sept 19 Reuters Oil prices rose on Thursday after a large interest rate cut from the U.S. Federal Reserve, but concerns over global demand lingered and capped gains. Brent crude futures for November were up 36 cents, or 0.5, to 74.01 a barrel at 0618 GMT, while WTI crude futures for October were up […]

TOKYO, Sept 18 Reuters Oil prices fell on Wednesday after two sessions of gains, as weak macroeconomic data weighed on demand, offsetting the possible disruption of violence in the Middle East and the potentially bullish impact of an expected U.S. rates cut. Brent crude futures for November were down 49 cents, or 0.7, at 73.21 […]

SINGAPORE, Sept 17 Reuters Oil prices extended gains on Tuesday as the market eyed U.S. output concerns in the aftermath of Hurricane Francine and expectations of lower U.S. crude stockpiles. Brent crude futures for November were up 36 cents, or 0.5, at 73.11 a barrel, as of 0635 GMT. U.S. crude futures for October climbed […]

Offline capacity in Gulf of Mexico still supports prices Markets await decision on Fed rate cut Poor August data stokes China demand worries SINGAPORE, Sept 16 Reuters Oil prices rose in Asian trade on Monday amid expectations of a U.S. interest rate cut this week, though gains were capped by persistent demand worries and weaker […]

Oil prices rise in Asian trading Brent set to rise 1.7 weekoverweek, WTI set to gain over 2 Supply disruptions from Hurricane Francine support prices Demand jitters pushed benchmarks to multiyear lows this week Sept 13 Reuters Oil prices rose on Friday, extending a rally sparked by output disruptions in the U.S. Gulf of Mexico, […]