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Oil trade News

07 Apr 2017

Oil rises on Syria attack, dollar shrugs off jobs report

Investors still expect the Federal Reserve to raise interest rates twice more in 2017.

Gulf OPEC members

01 Jun 2016

Gulf OPEC members seek to revive global oil output deal

Vienna: Gulf OPEC members including Saudi Arabia are looking to revive the idea of coordinated oil-output action by major producers when the group meets on Thursday, a senior OPEC source said, but Iran signalled the country was not ready for any such pact.

03 Dec 2015

We have proof of Russian involvement in ISIS oil trade: Turkey's President Erdogan

President Recep Tayyip Erdogan on Thursday said Turkey had proof Russia was involved in illegal oil trade with the Islamic State (IS) group in Syria, countering "immoral" Russian allegations that his own family was importing oil from the jihadists.

06 Oct 2015

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.

30 Dec 2014

Oil trades near five-year low

Oil prices traded near five-year lows in thin year-end trade on Tuesday, as analysts predicted further bearishness in the market owing to rising US production despite a global supply glut.

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