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Saudi Minister Kalid Al-Falih dismisses 'misguided' projections of peak oil demand

Talk of peak oil demand is nonsense, given robust Asian import levels, says Riyadh's top oilman.

Mar 7, 2017

By Gaurav Sharma

CERAWeek

John Wood Group says its FY16 EBITA will be 20% lower than previous year

UK oil and gas production continues to rise while unit costs improve

UK oil and gas output increased 5% on-year to 1.73 million barrels of oil equivalent per day in 2016.

Mar 7, 2017

By Kedar Grandhi

ExxonMobil unveils mammoth investment in US Gulf Coast refining in move sure to delight Trump

World's largest publicly listed oil and gas producer unveils multi-billion dollar downstream investment plan.

Mar 6, 2017

By Gaurav Sharma

Donald Trump

Oil prices flat as IEA official, Fitch Ratings warn of fresh supply glut

Russia sounds non-committal on extending oil production cuts beyond the summer as experts warn CERAWeek of rising US production.

Mar 6, 2017

By Gaurav Sharma

CERAWeek

Indian Minister says oil importers have upper hand in buyers' market

As new sources of crude oil emerge for global importers, India's Dharmendra Pradhan says buyers' interests must be accommodated.

Mar 6, 2017

By Gaurav Sharma

CERAWeek

'Second wave' of US shale-inspired oil glut around the corner, warns IEA's Fatih Birol

IEA executive director sees massive supply-demand imbalances over the next three to five years.

Mar 6, 2017

By Gaurav Sharma

CERAWeek

CERAWeek convenes with oil stuck in $50-range and hedge funds placing long bets

Question vexing many at CERAWeek appears to be how far Opec would go in order to support the oil price.

Mar 6, 2017

By Gaurav Sharma

CERAWeek

Gold slide continues as market prices in a 90% chance of March US interest rate hike

As the dollar gained ground on heightened US rate hike expectations, gold took a hit for the third successive session.

Mar 3, 2017

By Gaurav Sharma

Oil Futures Drop to New Lows on Global Growth and Oil Glut Concerns

Commodities Round-up: Oil prices tumble by over 1.5% on US data, Russian minister's comments

US inventories rose by 1.5m barrels and higher production stateside served as a drag on oil prices.

Mar 2, 2017

By Gaurav Sharma

Gold tanks as Fed's Dudley hints at March US rate hike

New York Fed official's comments strengthened dollar against basket of global currencies, triggering gold selloff.

Mar 1, 2017

By Gaurav Sharma

A worker adjusts the valve of an oil pipe at West Qurna oilfield in Iraq's southern province of Basra November 28, 2010

Hedge funds continue to book bullish bets on oil despite lacklustre movement

Oil appears to be stuck in the low-to-mid-$50 range but money managers continue to place bets to the upside.

Feb 28, 2017

By Gaurav Sharma

Commodities Round-up: Silver surges past $18.50 as traders hedge for possible 'risk-off' event

Over the past nine weeks, gold has risen on eight occasions while silver has in every one.

Feb 27, 2017

By Gaurav Sharma

Commodities Round-up: Oil rally loses fizz as traders make covering bets

Oil futures slid as traders booked profits on recent price upticks triggered by comments from Opec.

Feb 24, 2017

By Gaurav Sharma

OPEC

Gold vs silver: What's in store for 2017?

Most surges in sentiment towards precious metals tends to see the Gold/Silver Ratio peak.

Feb 24, 2017

By Zak Mir

LON:GLEN

Commodities Round-up: Surprise US crude inventory levels, Opec comments spark oil futures rally

Oil prices rally after Opec extends production cuts and inventory level defying analysts' expectations.

Feb 23, 2017

By Gaurav Sharma

Qatari minister hints Opec could extend oil production cuts beyond May

Official tells International Petroleum Week it is unclear whether six months of cuts would be "enough or not".

Feb 22, 2017

By Gaurav Sharma

Commodities round-up: Oil futures rise as Opec pledges 'higher' compliance with output cuts

Crude prices rally after Opec secretary general reassures market on high level of adherence to its pledged production cuts.

Feb 21, 2017

By Gaurav Sharma

Commodities Round-up: Fear of rising US crude production keeps oil futures market honest

Oil market continues to weigh the upside pull of Opec cuts against the downside drag of higher US crude production.

Feb 20, 2017

By Gaurav Sharma

US oil futures near four-month low on US inventory build-up fears

Commodities Round-up: Erratic dollar trading sends oil and gold futures sideways

Lack of obvious market drivers and mixed dollar trading ensured flat trading in major commodities contracts.

Feb 17, 2017

By Gaurav Sharma

Donald Trump

Commodities Round-up: Gold back above $1,240 despite Janet Yellen's quip on US interest rates

Weaker dollar and safe-haven bets ensured uptick in precious metals despite Federal Reserve Chairwoman remarks.

Feb 16, 2017

By Gaurav Sharma

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