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3130 News
  • Geopolitical concerns support

    The oil price turned positive in early Monday afternoon trading, reversing an earlier fall. Oil production related news was mixed, with likely rising US production countering geopolitically-output related news elsewhere. read » December 2017
  • Oil price rise comes despite higher US output

    The oil price is rising again Friday and looks likely to end the week little changed from where it began, despite earlier price falls. Renewed support has come in the form of higher Chinese oil imports data and the threat of a strike by one Nigeria’s main oil worker unions. read » December 2017
  • US oil inventories fall

    The oil price is edging higher Thursday, as investors shrug off news that US oil production rose last month. Meanwhile, news that oil stocks fell, helped push prices higher. read » December 2017
  • Investors keep close watch on oil output details

    The oil price fell Tuesday, on news the US’ oil output capacity rose again last week. That news comes just days after OPEC and some non-OPEC members, confirmed their decision to extend the current output cap until the end of 2018 read » December 2017
  • Investors keep close watch on oil output details

    The oil price fell Tuesday, on news the US’ oil output capacity rose again last week. That news comes just days after OPEC and some non-OPEC members, confirmed their decision to extend the current output cap until the end of 2018 read » December 2017
  • Review to take place on June 21

    Oil prices rose after OPEC and non-OPEC members Thursday agreed to extend the current output cap, until the end of 2018. The group also stated its intention to meet on June 21, to discuss the situation and make changes to the cap agreement, if required. read » December 2017
  • Delegates still discussing details

    The oil price is rising Thursday, as reports suggest the output cap extensions has been agreed. No formal announcement has been made by OPEC. read » November 2017
  • OPEC delegates meeting over this week

    The oil price is edging lower again Wednesday, on news OPEC and non-OPEC delegates have discussed the likelihood of extending the current output cap through to the end of 2018, ahead of the Nov 30 Vienna meeting. read » November 2017
  • Shell's oil outlook supports

    European shares were higher Tuesday as investor sentiment was buoyed by positive UK bank stress test results and Shell's oil price outlook. read » November 2017
  • Potential extension of output cap also in focus

    the oil price is rising again Friday as the Keystone pipeline closure bites and as signs suggest an OPEC output cap extension could still go ahead. read » November 2017
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