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Crude supply News

03 Jun 2016

No final decision taken on crude extraction by OPEC group

28 Dec 2015

Oil falls to $37, near 11-year low, as excess supply weighs

Oil fell to around $37 a barrel on Monday, trading within sight of an 11-year low, pressured by excess supply that has led to prices more than halving since the downturn began in mid-2014.

20 Mar 2015

Brent oil rises above $55 as weaker dollar offsets supply woes

Brent crude rose above $55 a barrel on Friday and the U.S. benchmark rose by 4 percent after the dollar weakened, causing oil to reverse earlier losses on persistent oversupply concerns.

20 Mar 2015

Oil prices falter on robust supplies

World oil prices dropped on Friday with the market under persistent pressure from large supplies of crude and a strong dollar, traders said.

20 Mar 2015

Brent oil falls below $54 on OPEC output, Iran

Brent crude oil fell below USD 54 a barrel on Friday and was on track for its third straight weekly loss, hurt by worries of rising supplies from OPEC and the United States.

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