Oil prices hold above $46 ahead of US inventories report

Oil prices hold above $46 ahead of US inventories report

A decline in US drilling activity has supported prices recently, fuelling hopes a fall in production would help ease the global crude supply glut.

Oil rallies but still near 6-1/2-year lows

European share markets recovered on Tuesday but Chinese stock markets closed down more than 7 percent, with panic selling intensifying after the Shanghai Composite Index crashed through key support at 3,000 points.

OPEC agrees to keep pumping as oil glut fears persist

Oil group OPEC agreed to stick by its policy of unconstrained output for another six months on Friday, setting aside warnings of a second lurch lower in prices as some members such as Iran look to ramp up exports.

Oil slips below $64 as ample supplies weigh

Oil eased below $64 a barrel on Friday as evidence this week of rising crude supplies from OPEC members outweighed signs of a slowdown in U.S. output and Middle East tensions.

Oil falls to $55 as Kuwait comments refocus on oversupply

Brent had rallied by more than $2 a barrel on Wednesday after the Federal Reserve indicated it would raise U.S. interest rates slower than previously thought, overshadowing data showing U.S. crude stocks at a record level.

Brent oil drops under $50 per barrel for first time since 2009

European benchmark Brent oil sank under USD 50 per barrel on Wednesday for the first time since 2009, hit by OPEC`s production stance, oversupply, weak demand and the strong dollar.

Brent crude falls below $50 per barrel, lowest since May 2009

Oil prices hit fresh five-and-a-half-year lows on Wednesday as global business growth slowed to its weakest level in a year and analysts said a building supply glut meant that more falls were likely before a rebound.

OPEC keeps oil output on hold despite low prices

Reflecting its lessening oil clout, OPEC decided on Thursday to keep its output target on hold and sit out falling crude prices that will likely spiral even lower as a result.

OPEC looks for help to tackle oil supply glut

OPEC needs non-cartel members to help address an oil supply glut that is set to grow next year, Iran`s oil minister said here Wednesday.

Oil falls below $104 as output, supplies seen stable despite Iraq tensions

September Brent crude fell $1 to $103.68 a barrel after 0700 GMT. The contract on Monday fell 34 cents to close at $104.68.

Oil prices down on ebbing supply fears

Disruptions in supply to neighbouring Turkey and Jordan have hit Iraq hard as it is heavily dependent on oil revenues while spending more to battle the Islamic State.

Oil prices extend drop on supply disruption

Oil price losses have been capped, however, by a bigger-than-expected drop in US crude inventories.

Kerry to discuss possible oil supply disruptions from Iraq conflict: Official

US Secretary of State John Kerry will discuss with Gulf countries this week possible oil disruptions from the Iraq conflict, a senior State Department official said on Sunday.

Conflict in Iraq not to affect oil supply: Dharmendra Pradhan

As violence escalates in Iraq, the government Thursday said fuel supplies will not be impacted by the conflict in the nation's second largest crude oil supplier.

India seeking long-term oil supply contract with Canada: Moily

India is seeking a long-term oil supply contract with Canada, oil minister Veerappa Moily said on Monday.

Iraq may increase oil supply to India by 30 percent: Minister

Iraq is likely to increase oil supply to India by around 30 percent as shipments from regional rival Iran drop following sanctions from the US and European countries, a senior Iraqi minister has said.

Brent crude plummets to 16-month low; hit by US job data crisis

Brent crude oil price tanked for four days in a row, sliding under the $100 mark a barrel to a 16-month low.

Force Motors ties up with HPCL for supply of oil

Pune-based Force Motors on Thursday said it has tied up with Hindustan Petroleum Corporation for supply of oil to use in its entire range of products.

More, not less, oil this year despite Iran ban

The world is likely to have more oil, not less, this summer even as Europe imposes sanctions on Iran over its nuclear programme.

OPEC to eye economic stimulus, not just oil supply

OPEC ministers meeting in Vienna this week were expected to keep supply targets intact and instead rely on hoped-for economic growth to sustain oil prices.