Joe Biden expected to announce another big release of US oil reserves
White House due to step up efforts to contain crude prices amid high inflation
White House due to step up efforts to contain crude prices amid high inflation
Agency says markets could lose 3m barrels per day of Russian crude and refined products
Mass rollouts are likely months away and subject to regulatory approvals
Hopes for a swift economic recovery in China limited losses
US storage facilities no longer full to the brim
Slowdown in global demand due to Covid-19 leading to scarcity of places to store crude oil
Futures rise above $15 a barrel but Opec+ deal to slash production fails to offset demand losses
Brent bounces back from two-decade low after US president takes aim at Iranian vessels
Futures plunged to negative territory on Monday, leading to scramble for storage
Meaningful rebound will have to come from fall in coronavirus fears, analyst says
Skinny waterway is one of the world’s most important oil choke points
US urges group against curbing supplies
Opec output dropped to one-year low in March
Weak dollar also supports prices as Opec-led effort to curb production starts to pay off
Opec has been trying to cut global supply but US provides counterbalance
Output curbs by Opec, Russia have supported recent price gains
Prices weather hurricanes, Middle East conflict and tussle between Opec and US shale
Gulf Coast refiners ramp up crude processing after disruptions from Hurricane Harvey
Record flooding in Texas, cripples 4.4m daily barrels of refining capacity
Oil inventories drop by 9.2m barrels while output from Libya rebounds
Longest rally this year falters as Russia signals opposition to further Opec cuts
Rising US oil output contributing to ineffectiveness of Opec-led cuts
Concern mounts that rising US output will counter reduction by Opec
Market torn as new report suggests US production is still climbing
Futures slide despite Opec production cut as US oil output looks set to surge
Countries had agreed cuts in order to reduce the global supply glut depressing prices
‘Market has to take a lot on faith’ that producers’ agreement will reverse oversupply
Strong dollar also weighs on prices ahead of US Thanksgiving holiday
Biggest weekly loss of year on cards as investors ignore talk of Opec production freeze
Fuel inventories in the US, Europe and Asia are brimming despite being peak summer driving season
Global markets, including commodities, have been on tenterhooks for weeks
Crude down more than 5 per cent since hitting 2016 highs of nearly $53 a barrel
Oil has almost doubled from wintertime lows on news of unplanned supply interruptions
Oil has surged about 80 per cent since dropping to the lowest since 2003 in January
Iraq increased output 2% and exports by 18% last month
US stockpiles are expected to rise again to record levels according to analysts
US oil drops more than 3 % towards $27 a barrel on worries about global oversupply
Higher US rates support the dollar, making oil and other commodities more expensive
Fluctuations in US dollar ‘could impact crude prices’
Markets hit by worries over global demand as Chinese stocks rise
Prices also supported by increase in EIA’s 2015 oil demand growth forecast
Khalid A Al-Falih is new chairman of Saudi Arabian Oil, world’s largest crude exporter
Pentagon says Iran’s actions are ‘provocative’ as it continues to monitor situation
Brent and US crude prices spiked around 6 per cent earlier in the session but pared gains
Sales jump 13% over 2013
China stocks close up more than 2 per cent helping the stock market become the best performer among major global bourses this year
Brent oil prices dropped to under $57 per barrel - its lowest level since May 2009
Brent crude rose above $70 a barrel on Thursday but many analysts expect prices to head lower again
Price of oil likely to continue falling due to growing supply and lower demand
Glut in oil sees price of barrel drop to $82 with $80 now on horizon
Global oil benchmark has declined more than 20 per cent from high in June
But growing tension between the West and Russia over Ukraine put a floor under prices
Developing countries under pressure to follow suit to prevent investors exiting
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