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Oil posts third weekly drop as Trump issues new trade threats
(Gulf News - 22/07/2018)

Oil posted a third weekly loss on Friday, as Saudi Arabia’s reassurances that it won’t flood the global crude market failed to offset a 4.2 per cent price drop at the start of the week.<br/><br/> Futures pared gains in New York on Friday amid concern

Oil prices mixed as producers release more supply in the market
(Arab News - 19/07/2018)

Oil prices were mixed on Thursday as the market struggled to digest signs of strong gasoline demand in the US, the world’s biggest consumer of the fuel, with a statement from oil producers that they are putting more crude on the market.<br/><br/> Brent

Oil below $68 as markets gauge supply situation
(Gulf News - 18/07/2018)

Oil traded below $68 (Dh249) as investors weighed the prospect of shrinking US inventories against more supply from Saudi Arabia and America’s emergency hoard.<br/><br/> Futures in New York declined 0.4 per cent after a 4.2 per cent plunge on Monday.

Kuwait oil price up 74 cents to $71.79 pb
(Arab Times - 18/07/2018)

The price of Kuwaiti oil went up 74 cents Monday to $71.79 per barrel (pb), after being at $71.05 pb Friday, said Kuwait Petroleum Corporation (KPC) on Tuesday. On the global scale, the oil price fall Monday as Libyan ports reopened while traders eyed

Oil falls as Saudi Arabia offers more supply, US weighs SPR release
(Gulf News - 17/07/2018)

Oil retreated below $70 (Dh257) a barrel as Saudi Arabia was said to offer extra crude to some customers, while the US was said to consider tapping emergency supplies to offset losses elsewhere.<br/><br/> Futures in New York slid 2 per cent after falling

OPEC only choice; the limit is reached
(Arab Times - 16/07/2018)

To bring the oil prices down to an acceptable “White House” level, which is less than $80 per barrel, the USA administration must ensure all oil-producing countries including OPEC member states continue to maintain the current input.<br/><br/> This is

Russia mulls $50bn Iran oil spend as US sanctions loom
(Trade Arabia - 15/07/2018)

Russia is ready to invest as much as $50 billion in Iran's oil industry even as Western majors are pulling out of deals with the republic amid the threat of US sanctions, reported Bloomberg citing a senior Iranian official.<br/><br/> President Vladimir

Oil falls for second week as supply concerns ease
(Reuters - 13/07/2018)

Oil prices fell on Friday and were set for a second straight week of decline after Libyan ports reopened and on the view that Iran might still export some crude despite U.S. sanctions. <br/><br/> Brent crude LCOc1 was down 36 cents, or 0.5 percent, at

Opec forecasts lower oil demand for next year
(The Gulf Today - 12/07/2018)

Opec on Wednesday forecast world demand for its crude will decline next year as growth in consumption slows and rivals pump more, pointing to the return of an oil market surplus despite an Opec-led pact to restrain supplies.<br/><br/> Giving its first

Kuwait crude price around $65-75 pb until end of ’18
(Arab Times - 10/07/2018)

Kuwait crude price to remain in the range of $65-75 pb until the end of 2018, an oil expert said Sunday. In an interview with KUNA, oil expert Dr Abdul-Samie’ Behbehani projected the Brent crude prices at a range between $70-80 pb, pointing out that

Oil slips below $77, weighed down by Saudi output boost, trade tensions
(Gulf News - 08/07/2018)

Oil slipped below $77 (Dh283) a barrel on Friday, under pressure from higher Saudi production and trade tensions between the US and China, despite support from oil supply disruptions.<br/><br/> Top exporter Saudi Arabia told Opec it raised oil output by

Kuwait’s oil price down
(Arab Times - 08/07/2018)

The price of Kuwaiti oil went down by 63 cents to $73.52 per barrel (pb) Friday, after being at $74.15 pb the day before, said Kuwait Petroleum Corporation (KPC) on Saturday. On the global level, oil prices varied on Friday as US crude went up supported

Oil prices fall as Trump demands OPEC ‘reduce pricing now’
(Arab News - 05/07/2018)

Oil prices fell on Thursday after US President Donald Trump sent a tweet demanding that OPEC reduce prices for crude. Brent crude futures were at $77.78 per barrel at 0137 GMT, down 46 cents, or 0.6 percent, from their last close. US West Texas

Brent crude edges up as inventories in US drop
(Oman Daily Observer - 05/07/2018)

Brent crude oil edged up on Wednesday after a second successive drop in US crude inventories driven by an outage at the Syncrude Canada oil sands facility, which usually supplies US. Brent crude futures were up 7 cents at $77.83 a barrel by 0915 GMT,

Kuwait’s crude oil exports to Japan down
(Arab Times - 04/07/2018)

Kuwait’s crude oil exports to Japan fell 8.9 percent in May from a year earlier to 6.30 million barrels, or 203,000 barrels per day (bpd), for the first decline in two months, government data showed. As Japan’s fifth-biggest oil provider, Kuwait supplied

Kuwait exports first light crude cargo
(Arab Times - 03/07/2018)

Kuwait Petroleum Corporation (KPC) has exported its first-ever light crude cargo on Monday, Kuwait’s oil minister Bakhit al-Rashidi said. The new grade will put Kuwait among those countries producing high quality light crude which is in high demand in

Podcast: Latest Tweet that caused markets to jump
(Gulf News - 02/07/2018)

It’s scary these days how often major news stories start with a tweet. Last week, we thought we were done talking about Opec after the group reached a deal to pump more oil, but then US President Trump tweet that Saudi Arabia should double its oil

Saudi Arabia’s King Salman and Trump affirm support for the global oil market stability
(Arab News - 01/07/2018)

Saudi King Salman and US President Donald Trump emphasised the need to preserve oil market stability and the efforts of oil-producing countries to compensate for any potential shortage, in a phone call reported by Saudi state media on Saturday.<br/><br/>

Saudi Arabia boosts oil supply close to record high in June
(Times of Oman - 01/07/2018)

Top oil exporter Saudi Arabia has boosted supply to 10.70 million barrels per day in June, close to a record high, a Reuters survey found on Friday, a sign the kingdom wants to make up shortfalls elsewhere in the group and moderate prices.<br/><br/> That