Oil Prices ///

Oil falls from three-year high as Trump pushes Saudis to pump more

Oil fell from the highest level in three years after President Trump piled pressure on Saudi Arabia to increase output and tame prices.

Libyan oil output choked off as two more ports are out of action

Libya’s National Oil Corp. declared force majeure on another two oil ports, removing thousands more bbl from the market as global supply concerns put pressure on OPEC to ramp up production.

Global natural gas prices rise for first time in two years

Global natural gas prices are increasing for the first time in two years with demand for the fuel advancing across the world.

Crude surges to 3 1/2-year high after U.S. stockpiles plunge

Oil rose to a level last seen in late 2014 after U.S. crude stockpiles tumbled by the most since September 2016.

Oil gains as harder U.S. stance on Iran overshadows Saudi pledge

Oil rose to a one-month high as the risk of a supply crunch continued to buoy markets, with a U.S. demand that Iran’s customers halt their imports overshadowing Saudi Arabia’s promise to boost output.

OPEC supply buffer shrinks as it heeds call to pump more oil

OPEC is heeding consumers’ calls to pump more crude, but that’s only making the oil market more nervous.

Oil pauses advance as Saudis plan record July output

Crude oil’s advance slowed as Saudi Arabia was said to plan record crude oil production in July.

Goldman Sachs says U.S. oil drama trumps OPEC's Vienna chaos

The most dramatic events in the oil market last week occurred in North America as opposed to OPEC’s get-together in Europe.

OPEC reaches decision on output boost

Brent crude gained in London as OPEC ministers were said to agree upon a deal in principle to boost production.

U.S. sanctions on Iranian oil stir up a corner of the market

Effects of the U.S. sanctions on Iran are spreading beyond the world of crude to some corners of the oil market.

Pioneer sees oil at $100 if there's no supply boost

OPEC ministers have arrived in Vienna for one of the cartel’s most contentious meetings in years as Iran opposes proposals to boost production.

OPEC's plunging spare capacity poised to boost forward oil curve

What happens if the Organization of Petroleum Exporting Countries can’t pump enough oil?

Saudi dilemma: Output boost could hurt its oil-based economy

Saudi Arabia’s plan to halt the oil-price rally could hurt its economy, depriving the kingdom of billions of dollars in income that it needs more than other OPEC members.

OPEC faces a bigger problem in Washington than Trump tweets

OPEC is facing a renewed political assault in Washington, directly from President Trump’s Twitter account, and from Congress.

U.S. oil's pricing allure risks being dulled by China tariff

China’s planned levies on U.S. crude as part of an escalating trade dispute threatens to dim the attractiveness of American supplies in the world’s biggest oil-importing nation.

Rosneft says it is "comfortable" with $70-$80 oil

Rosneft PJSC’s said crude at $70 to 80/bbl was a “comfortable level” and expressed satisfaction with the results of Russia’s joint supply cuts with OPEC, just a week before talks that could phase them out.

Oil set for further loss in London as OPEC clash on supply looms

Oil headed for a second weekly decline in London as OPEC members were set to clash on raising production at a meeting next week.

Oil trades near $67 as Saudi Arabia sees "inevitable" supply boost

Oil steadied just below $67/bbl as Saudi Arabia’s energy minister said an OPEC agreement to raise production is “inevitable.”

Libyan oil exports impaired as some in OPEC seek more supply

Two of Libya’s biggest oil ports stopped loading crude after armed forces clashed nearby, taking more bbl off the market just as OPEC mulls proposals to boost production.

Trump renews Twitter assault on OPEC, pushing to cut oil prices

Donald Trump renewed his Twitter assault on OPEC, pushing the case for lower oil prices a week before the cartel meets to set production policy.