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Brent rises to seven-week highs on signs of tighter supply
(Gulf News - 29/08/2018)

The oil price rose towards its highest since early July on Tuesday, thanks to evidence of still-modest increases in output from the Organisation of the Petroleum Exporting Countries (Opec) and improving Chinese refining demand.<br/><br/> Brent crude oil

Brent crude seen trading in $70-$80 range
(Gulf News - 27/08/2018)

Brent crude is likely to trade in the range of $70-$80 (Dh257.11-Dh293.84) per barrel in the coming days due to supply concerns stemming from the decision of US President Donald Trump to reimpose sanctions on Iran, one of the biggest producers of oil in

Oil holds gains on signs of slowing growth in US production
(Gulf News - 26/08/2018)

Oil held gains near $66 (Dh242.22) a barrel on signs of slowing growth in US crude production. Futures in New York were steady after a 0.7 per cent rise on Friday. Working oil rigs in the US were unchanged at 869, according to data from Baker Hughes on

Kuwait expects agreement on mechanism to monitor supply
(Arab Times - 26/08/2018)

OPEC and other oil exporting producers are expected to agree on a mechanism to monitor their crude production before the end of the year, Kuwaiti Oil Minister Bakheet Al-Rashidi said. A committee set up by the Organization of the Petroleum Exporting

Opec lowers 2019 demand for oil
(Times of Oman - 14/08/2018)

Opec on Monday forecast lower demand for its crude next year as rivals pump more and said top oil exporter Saudi Arabia, eager to avoid a return of oversupply, had cut production. <br/><br/> In a monthly report, the Organization of the Petroleum

Crude futures continue their decline on trade war
(Gulf Times - 13/08/2018)

Oil<br/> Benchmark crude futures continued their decline last week due mainly to the escalating trade dispute between the US and China that could damage global economic growth and impact negatively on oil demand. The trade dispute between the US and its

Omani crude averaged $51.3/b in 2017
(Oman Daily Observer - 12/08/2018)

The hydrocarbon sector continued to remain the major driver of economic activities in the Sultanate, despite diversification making tangible progress in the last few years, according to the Central Bank of Oman (CBO). The hydrocarbon sector accounted for

China top market for Omani crude exports in July
(Oman Daily Observer - 09/08/2018)

China retained its dominant position as the leading destination for Omani crude exports in July, the Ministry of Oil and Gas (MOG) stated in its monthly report. Of total exports of 24.080 million barrels during the month, China’s share was 83.51 per

Oil rally pushes world shares towards 6-month high
(The Gulf Today - 08/08/2018)

World shares edged toward a six-month high on Tuesday, as the biggest jump in Chinese stocks for over two years and a sharp rally in Europe’s oil and mining firms set Wall Street up for more gains.<br/><br/> The moves had US S&P 500, Dow and Nasdaq

Oil prices pull back as trade tensions weigh on market
(Gulf News - 05/08/2018)

Crude futures pulled back on Friday, giving up gains from the previous session as trade concerns weighed on the market and fuelled concerns about demand.<br/><br/> US West Texas Intermediate (WTI) crude futures settled down 47 cents at $68.49 a barrel.

Oil falls below $74 on US inventories, Opec supply
(Oman Daily Observer - 02/08/2018)

Oil slipped below $74 a barrel on Wednesday pressured by an industry report that US stockpiles of crude rose unexpectedly and by higher Opec production, adding to indications of more ample supply.<br/><br/> On Tuesday, the American Petroleum Institute

Oil extends decline after biggest monthly slump in 2 years
(Arab News - 01/08/2018)

Oil prices fell on Wednesday after industry data showed US stockpiles of crude unexpectedly rose, starting the new month in negative territory after the largest monthly decline in two years in July.<br/><br/> October Brent crude futures dropped 30 cents,

Brent prices drop on oversupply concerns as Opec ups output
(Gulf News - 01/08/2018)

Oil prices fell on Tuesday, with Brent futures set for their biggest monthly loss in two years, on oversupply concerns after a report showed Opec’s output in July rose to its highest for 2018.<br/><br/> September Brent crude futures fell 46 cents, or 0.6

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