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, […]

SINGAPORE, Sept 12 Reuters Saudi Arabia39;s crude oil supply to China is set to rise to 46 million barrels in October, trade sources said on Thursday, after the world39;s top oil exporter slashed prices for Asia, boosting demand. China39;s top refiners Sinopec and PetroChina sought more crude for loading in October while demand from private refiners Rongsheng […]

SINGAPORE, Sept 12 Reuters Oil prices rose more than 1 on Thursday, spurred by concerns of Hurricane Francine impacting output in the U.S., the world39;s biggest crude producer, though worries of lower demand capped gains. Brent crude futures for November were up 1, or 1.4 at 71.61 a barrel at 0632 GMT. U.S. crude futures […]

Hurricane Francine causes offshore production shutins About 24 of crude production in U.S. Gulf of Mexico shut API shows weekly U.S. crude, gasoline stockpiles fall LONDON, Sept 11 Reuters Oil climbed more than 2 on Wednesday, paring some of the previous day39;s losses, as a drop in U.S. crude inventories and concern about Hurricane Francine […]

Makes second cut in 2024 oil demand growth forecast Sees headwinds for China39;s diesel, gasoline demand going forward IEA to publish updated forecasts on Thursday LONDON, Sept 10 Reuters OPEC on Tuesday cut its forecast for global oil demand growth in 2024 reflecting data received so far this year and also trimmed its expectation for […]

LONDON, Sept 10 Reuters Oil prices gave up the previous day39;s gains on Tuesday on a weaker demand outlook and global oil oversupply risks that continue to weigh on the market. Providing a floor for prices were U.S. supply disruptions from Tropical Storm Francine. Brent crude futures were down 48 cents, or 0.67, at 71.36 […]

BEIJING, Sept 9 Reuters Oil futures jumped in Asian trading on Monday as a potential hurricane system approached the U.S. Gulf Coast, and as markets recovered from a selloff following weakerthanexpected U.S. jobs data on Friday. West Texas Intermediate crude futures rose 72 cents, or 1.06, to 68.39 a barrel by 0635 GMT. Brent crude […]

Sept 6 Reuters Oil prices ticked up in Asian trading on Friday, with investors exercising caution ahead of key U.S. employment data as they weighed a big withdrawal from U.S. crude inventories and a delay to production hikes by OPEC producers. Brent crude futures rose 13 cents to 72.82 by 0507 GMT, and U.S. West […]

LONDON, Sept 5 Reuters Oil firmed on Thursday, edging up from multimonth lows on a possible delay to output increases by OPEC producers and a decline in U.S. inventories, though the gains were capped by persistent demand concerns. Figures from the American Petroleum Institute API showed U.S. crude oil inventories fell by 7.431 million barrels […]

Sept 4 Reuters If producer group OPEC doesn39;t reduce production further, the average price of oil could drop to 60 per barrel in 2025 due to reduced demand and increased supply from nonOPEC countries, Citi said in a note on Wednesday. Citi said that while a technical rebound was possible, the market could lose confidence […]