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Oil prices inch up on signs of tighter global supply

Oil futures edged up on Thursday as a drop in crude exports from OPEC's de facto leader, Saudi Arabia, and a draw in U.S. drilling rigs and oil inventories supported prices......»»

Category: topSource: reutersApr 18th, 2019

Oil prices inch up on signs of tightening global supply

Oil futures edged up on Thursday as a drop in crude exports from OPEC's de facto leader, Saudi Arabia, and a draw in U.S. drilling rigs and oil inventories supported prices......»»

Category: topSource: reutersApr 18th, 2019

Oil prices steady despite Saudi export cuts, U.S. inventory draw

Oil prices were little changed on Thursday as a drop in crude exports from OPEC's defacto leader Saudi Arabia and a draw in U.S. oil inventories supported prices, while the strengthening dollar and weak equities kept futures in check ......»»

Category: topSource: reutersApr 18th, 2019

Trump says Saudis must compensate for drop in Iran oil supply

BERKELEY HEIGHTS, N.J. (Reuters) - President Donald Trump lashed out at OPEC with a warning to stop manipulating oil markets and piled pressure on U.S. ally Saudi Arabia to raise supplies to compensate for lower exports from Iran......»»

Category: topSource: reutersJul 2nd, 2018

Saudi Arabia to cut oil exports amid signs of new surplus

Saudi Arabia signaled it will reduce oil exports by as much as half a million barrels a day in December, the first tangible sign that OPEC is starting to trim output as it faces an oversupplied market in 2019......»»

Category: topSource: moneycentralNov 11th, 2018

Upset by Trump"s Iran waivers, Saudis push for deep oil output cut

When U.S. President Donald Trump asked Saudi Arabia this summer to raise oil production to compensate for lower crude exports from Iran, Riyadh swiftly told Washington it would do so......»»

Category: topSource: reutersNov 15th, 2018

Oil gets a boost from Saudi output pledge, declining U.S. inventories

Brent oil prices rose on Wednesday, after top exporter Saudi Arabia said it would cut crude exports and deliver an even deeper cut to its production, while U.S. futures gained on a decline in domestic oil inventories......»»

Category: topSource: reutersFeb 13th, 2019

Oil rises after Saudi output pledge, declining U.S. inventories

Brent oil prices rose on Wednesday, after top exporter Saudi Arabia said it would cut crude exports and deliver an even deeper cut to its production, while U.S. futures gained on a decline in domestic oil inventories......»»

Category: topSource: reutersFeb 13th, 2019

Oil gains on Saudi output cuts; rally limited by U.S. output

Oil prices rose almost 2 percent on Wednesday after top exporter Saudi Arabia said it would cut crude exports and deliver an even deeper cut to its production, but swelling U.S. crude inventories limited the day's gains......»»

Category: topSource: reutersFeb 13th, 2019

Futures Movers: Oil prices settle lower, even as Saudi Arabia announces additional June output cut

Oil futures end lower on Monday, as a slump in demand for crude outweighed support from a move by Saudi Arabia to further cut production in June......»»

Category: topSource: marketwatchMay 11th, 2020

Oil futures settle lower on demand concerns, even as Saudi Arabia pledges to cut more output in June

Oil futures settled lower on Monday, pressured by concerns over weak demand even as Saudi Arabia pledged to cut 1 million barrels per .....»»

Category: topSource: marketwatchMay 11th, 2020

Futures Movers: Oil prices fail to find support, even as Saudi Arabia announces additional June output cut

Oil futures trade lower on Monday, as a slump in demand for crude outweighed support from a move by Saudi Arabia to further cut production in June......»»

Category: topSource: marketwatchMay 11th, 2020

Oil prices trim losses after Saudi Arabia deepens output cuts

Oil prices trimmed their losses after Saudi Arabia announced the state-owned Aramco would reduce production by an additional 1 million barrels per day......»»

Category: topSource: foxnewsMay 11th, 2020

Crippled Crude Oil Presents Conundrum For These Russia, Saudi Arabia ETFs

It's not even Wednesday and it's fair to say oil futures and the related exchange traded products are having wild weeks. At this writing Tuesday, the popular United States Oil Fund (NYSE: USO) is lower by almost 30%. read more.....»»

Category: blogSource: benzingaApr 21st, 2020

Saudi Arabia"s oil exports to the US skyrocketed in the last month

Satellite tracking of oil tankers revealed a whopping 12.1 million barrels of Saudi oil shipped to the U.S. in the first week of April alone......»»

Category: topSource: moneycentralApr 17th, 2020

Saudi Arabia"s oil exports to the US skyrocketed in the last month

Satellite tracking of oil tankers revealed a whopping 12.1 million barrels of Saudi oil shipped to the U.S. in the first week of April alone......»»

Category: topSource: moneycentralApr 17th, 2020

Market Snapshot: Stock-index futures lower as investors prepare for coronavirus-damaged earnings season

Stock-index futures quickly give up early gains Sunday evening, as oil gained following a historic agreement by major producers to curb production, ending a price war between Saudi Arabia and Russia......»»

Category: topSource: marketwatchApr 13th, 2020

Futures Movers: Crude prices turn lower as Goldman Sachs sees downside risks to oil after historic deal to cut output

Crude prices fell Monday, a day after major oil producers reached a historic agreement to cut oil production, ending a damaging price war between Saudi Arabia and Russia......»»

Category: topSource: marketwatchApr 13th, 2020

Market Snapshot: Stock-index futures dragged lower while oil gains after historic agreement on output cuts

Stock-index futures quickly give up early gains Sunday evening, as oil gained following a historic agreement by major producers to curb production, ending a price war between Saudi Arabia and Russia......»»

Category: topSource: marketwatchApr 12th, 2020

Market Snapshot: Stock-index futures dragged lower as oil gains after historic agreement on output cuts

Stock-index futures quickly give up early gains Sunday evening, as oil gained following a historic agreement by major producers to curb production, ending a price war between Saudi Arabia and Russia......»»

Category: topSource: marketwatchApr 12th, 2020