Oil Prices ///

Crude tumbles toward worst May in seven years on trade-war anxiety

Oil slid toward its worst May performance in seven years as global trade tensions escalated, undermining the outlook for energy demand growth.

Oil slumps as U.S.-China trade hostilities escalate

Oil slumped as escalating trade hostilities between the U.S. and China stoked fears of slowing global growth, overshadowing forecasts for a drop in American crude inventories.

UAE central bank forecasts downbeat 2019 outlook, compared to IMF

Economic growth in OPEC’s third-biggest producer this year will fall far short of previous estimates and could undershoot the latest projections from the International Monetary Fund, according to the central bank of the United Arab Emirates.

Brent crude gets nudge as market weighs Trump comments, rig data

Brent crude rose even as President Donald Trump said the U.S. isn’t ready to make a trade deal with China, casting a shadow on prospects for oil-demand growth.

Heavy oil shortage hinders U.S. refiners, just as summer driving begins

A global shortage of heavy crude will create hurdles for America’s key refining belts just as they ramp up gasoline production for the summer.

Trump sparks oil rally with Iran spat

Just over a week ago, crude prices were surging as attacks on Saudi Arabia’s oil tankers and pipeline network spurred fears that the Middle East was on the brink of military confrontation.

Oil spiraled to its worst daily performance of 2019 as trade turmoil swamps confidence

Futures in New York fell almost 6% on Thursday for the steepest decline since Dec. 24.

U.S. fills in on oil where OPEC refuses to go

President Donald Trump has from time to time lobbed tweets toward OPEC, imploring it to open the spigots and boost supply to lower the price of oil.

Oil holds gain as OPEC signal on output cuts counters trade risk

Oil held gains on signs that OPEC and its allies will extend production cuts beyond June, while prices remained capped by worsening trade relations between the U.S. and China.

Russia's open to relaxing OPEC+ cuts as Saudis urge restraint

From easing the limits to ending the extreme throttling-back that has seen some countries exceed original cutback targets, Russia sees a range of options that would allow OPEC+ to continue output cooperation until year-end.

OPEC signals intention to keep limits on oil supply through 2019

Saudi Arabia and other key producers in OPEC signaled their intention to keep oil supplies constrained for the rest of the year, while pledging to prevent any genuine shortages.

Russia's Energy Minister Novak says too soon to discuss oil-cut options

Oil producers meeting in Saudi Arabia, must assess the situation in the market before considering possible action such as extending output cuts, Russia’s Energy Minister Alexander Novak told reporters in the Red Sea city.

OPEC+ grapples with Iran crisis as ministers meet in Jeddah

When OPEC meets in Jeddah, their conversation will focus on Iran.

Oil gyrates below $62 as trade war counters straining supplies

Oil fluctuated near its lowest point since early April, as trade-war escalation raised fears about the economy even as a shutdown of a key North Sea platform added to supply disruptions.

Saudis willing to meet all orders from ex-Iran oil buyers

If you have had to stop buying oil from Iran, Saudi Arabia has you covered, for June, anyway.

Aramco cuts oil prices to U.S. as Trump tightens Iran sanctions

Saudi Arabia, the world’s biggest oil exporter, cut June pricing for all crude grades to the U.S. and raised most pricing to other regions.

Lessons from big oil earnings, first quarter 2019

Big Oil had a mixed first quarter, showing continued recovery from the biggest downturn in a generation, but chinks in their armor against the onslaught of volatile markets.

The volatile politics of OPEC actually steadied oil production in April

OPEC nations' volatile politics meant that oil production from the cartel held steady last month, as losses in some members were offset by gains in others.

Oil retreats as U.S. stockpile build counters global supply fears

Oil retreated amid signs of a sharp increase in U.S. crude inventories and concerns over the strength of economic growth in China.

Oil retreats following Trump's renewed call for lower prices

Oil slipped again, extending its biggest retreat in two months, after U.S. President Donald Trump renewed his push for lower prices and Russia said it would soon resolve a problem with contaminated supplies.