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Oil edges up as lower US production, inventories point to tighter market

13-10-2017| Source:Reuters

With the Organization of the Petroleum Exporting Countries (OPEC) leading a production cut, analysts said that global oil markets were on a path to rebalancing after years of oversupply.

Oil prices drop on rising US crude inventories, OPEC seen to extend cuts

12-10-2017| Source:Reuters

Oil prices eased on Thursday as U.S. fuel inventories rose despite efforts by OPEC to cut production and tighten the market.

Oil up on signs of tighter market, but 2018 looks more uncertain

11-10-2017| Source:Reuters

U.S. West Texas Intermediate (WTI) crude futures were trading at $51.07 per barrel at 0127 GMT, up 15 cents, or 0.3 percent), from their last settlement. Their 2 percent rise the day before

IOC buys new US crude grades for December delivery: Sources

10-10-2017| Source:Reuters

IOC bought 1 million barrels each of U.S. Southern Green Canyon (SGC) and WTI Midland crude likely from a Chinese trader, the people said, speaking on condition of anonymity. The purchase

Oil prices stable as OPEC says market is rebalancing

10-10-2017| Source:Reuters

U.S. West Texas Intermediate (WTI) crude futures were trading at $49.66 per barrel at 0054 GMT, up 8 cents, or 0.16 percent, from their last close.

Oil up on expectation of Saudi production restraint, lower US rig count

09-10-2017| Source:Reuters

Oil ports, producers and refiners in Louisiana, Mississippi and Alabama, which shut facilities ahead of Hurricane Nate, were planning to reopen on Monday as the storm moved inland, away from most

OPEC, others may take some extraordinary measures in 2018 to rebalance oil market: Mohammad Sanusi Barkindo

08-10-2017| Source:Reuters

Additional oil producing nations may join the Nov. 30 meeting of OPEC, Barkindo told reporters at the India Energy Forum organised by CERAWeek in New Delhi.

Saudi Aramco opens office in India, eyes higher sales

08-10-2017| Source:PTI

-largest crude oil supplier to India after Iraq.

Crude Oil prices to trade higher: Angel Commodities


According to Angel Commodities, expect to oil prices to trade higher today continuing its positive momentum from the previous trading session while comments from Russia and fresh possible sanctions

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