Oil prices head for around 17 monthly gain OPEC expected to stick to planned March output target increase NATO worried over Europe39;s energy security amid standoff with Russia Over 1,400 U.S. flights cancelled by winter storm in Northeast LONDON, Jan 31 Reuters Oil rose on Monday as a supply shortage and political tensions in Eastern […]

U.S. crude inventories expected to rise in weekly reports Goldman sees 39;growing potential39; for faster OPEC output hike Crude39;s physical market and structure send bullish signals LONDON, Feb 1 Reuters Oil slipped on Tuesday from sevenyear highs, with prices pressured by speculation that producer group OPEC could decide to boost supply by more than flagged […]

LONDON, Feb 1 Reuters OPEC will likely stick to existing policies of moderate output increases on Wednesday, five sources from the producers39; group said even as it expects demand to rise to new peaks this year and as oil prices trade near their highest since 2014. The group, which comprises of the Organization of the […]

U.S. crude stocks fall, gasoline inventories rise API OPEC seen holding policy despite price rally sources Goldman 39;growing potential39; for faster OPEC output hike Putin accuses U.S. of trying to lure Russia into war TOKYO, Feb 2 Reuters Oil prices climbed on Wednesday toward last week39;s sevenyear highs as a draw in U.S. crude stocks […]

Brent falls from more than 7year high of 94bbl U.S.Iran nuclear talks will resume on Tuesday Iran stores more oil on tankers as talks enter final stage Feb 7 Reuters Oil prices settled lower on Monday on faint signs of progress in nuclear talks between the United States and Iran, which could lead to the […]

Feb 8 Reuters Can oil bankers learn renewable tricks? They may need to in this climate, judging by the experience of Douglas MacKenzie, a Citigroup banker who has spent decades advising global energy giants on fossil fuel deals since joining Goldman Sachs as an associate in 1985. I cover Big Oil. I39;m a supermajor guy, […]

Brent and WTI ease from sevenyear high Indirect U.S.Iran talks to resume on Tuesday Macron says Putin meeting helped to calm Ukraine situation Coming up API supply report, 2130 GMT LONDON, Feb 8 Reuters Oil slipped to about 91 a barrel on Tuesday before a resumption of indirect talks between the United States and Iran, […]

Iran nuclear talks resume in Vienna on Tuesday U.S. output to rise to 12 million bpd in 2022 EIA Macron urges calm over Ukraine situation API data shows U.S. crude, fuel stocks fall sourced LONDON, Feb 9 Reuters Oil prices were stable around 90 a barrel on Wednesday but the prospect of increased supply from […]

WTI crude oil has lost around 3 since the start of the week, bouncing back to 88.4 from 91.2 at the beginning of the week. The observed pullback looks like a technical correction to remove local overheating. This correction comes against a relatively bullish background. Yesterdays data marked a new drop in inventories, both commercial […]

U.S. crude inventories fell to lowest since Oct 2018 EIA Overall product supplied hit record 21.9 mln bpd last month EIA U.S.Iran nuclear talks reach crucial point White House Biden discusses energy supplies with Saudi King SINGAPORE, Feb 10 Reuters Oil prices fell on Thursday, after rallying on an unexpected drop in U.S. crude inventories […]