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Showing posts with the label November 11

Trump keeps people guessing 'on many fronts' and its impacting oil markets, BP CEO says

Trump keeps people guessing 'on many fronts' and its impacting oil markets, BP CEO says https://cnb.cx/2Fd7A8i President Donald Trump is one factor among many impacting oil markets right now, according to Bob Dudley, the chief executive of oil giant BP. https://ift.tt/2PddWW7 November 11, 2018 at 11:48PM Energy https://cnb.cx/2KU3Ztw

Saudi Arabia's energy minister says there are no plans to abolish OPEC

Saudi Arabia's energy minister says there are no plans to abolish OPEC https://cnb.cx/2Ffx84I Saudi Arabia is not preparing for a break-up of OPEC, Energy Minister Khalid al-Falih said Monday, adding the group will continue as the global central bank for oil markets for a long time. https://ift.tt/2PddWW7 November 11, 2018 at 11:20PM Energy https://cnb.cx/2KU3Ztw

Saudi Arabia and Russia have a 'long-term relationship' despite output U-turn, Dan Yergin says

Saudi Arabia and Russia have a 'long-term relationship' despite output U-turn, Dan Yergin says https://cnb.cx/2FeKL3Z https://ift.tt/2PddWW7 November 11, 2018 at 10:22PM Energy https://cnb.cx/2KU3Ztw

Volatility in the oil market could remain: Russian energy minister

Volatility in the oil market could remain: Russian energy minister https://cnb.cx/2FeKIVR Russia's Energy Minister Alexander Novak says the Organization of the Petroleum Exporting Countries should look at how the situation in the oil market develops and not make any "hasty" decisions. https://ift.tt/2PddWW7 November 11, 2018 at 01:42PM Energy https://cnb.cx/2KU3Ztw

The oil market is 'adequately supplied': Saudi energy minister

The oil market is 'adequately supplied': Saudi energy minister https://cnb.cx/2De3iLn Saudi Arabia's Energy Minister Khalid al-Falih says he is not in the business of responding to weekly and monthly "gyrations" of the oil market, which are sometimes driven by sentiment. https://ift.tt/2PddWW7 November 11, 2018 at 01:27PM Energy https://cnb.cx/2KU3Ztw

Oil prices rise by 1 percent after Saudi Arabia announces December supply cut

Oil prices rise by 1 percent after Saudi Arabia announces December supply cut https://cnb.cx/2PUD5YX International benchmark Brent crude oil futures were at $71.11 per barrel at 0051 GMT, up 93 cents, or 1.3 percent from their last close and U.S. West Texas Intermediate (WTI) crude oil futures were at $60.73 per barrel, up 54 cents, or 0.9 percent. https://ift.tt/2PddWW7 November 11, 2018 at 05:38PM Energy https://cnb.cx/2KU3Ztw

OPEC and allies warn surging oil output is poised to leave crude market oversupplied

OPEC and allies warn surging oil output is poised to leave crude market oversupplied https://cnb.cx/2QA9vVP The oil market looks poised to swing into oversupply next year as growing global crude output swamps shaky demand, a committee of allied producer nations said on Sunday. https://ift.tt/2PddWW7 November 11, 2018 at 10:50AM Energy https://cnb.cx/2KU3Ztw

Russia warns OPEC against 'hasty' policy changes, says oil market volatility could be here to stay

Russia warns OPEC against 'hasty' policy changes, says oil market volatility could be here to stay https://cnb.cx/2Dzi1RU OPEC and non-OPEC exporters must stick to a consistent message if they are to avoid exacerbating wild swings in the oil market, Russian Energy Minister Alexander Novak said Sunday. https://ift.tt/2PddWW7 November 11, 2018 at 09:11AM Energy https://cnb.cx/2KU3Ztw

Falling oil prices show markets are getting it wrong — again, Saudi Arabia energy minister says

Falling oil prices show markets are getting it wrong — again, Saudi Arabia energy minister says https://cnb.cx/2DeEu5S OPEC kingpin Saudi Arabia believes the energy market has overcorrected in recent weeks. https://ift.tt/2PddWW7 November 11, 2018 at 06:01AM Energy https://cnb.cx/2KU3Ztw