COMMODITIES

US crude supplies record first decline in 10 weeks, while Saudi Arabia reiterates commitment to OPEC deal.

US rigs count increases for eight consecutive week, bringing the tally to highest level since September 2015.

Canadian PM says country can tap natural resources responsibly and enhance energy security of US.

In a wide ranging interview with IBTimes UK, Jean-Pascal Tricoire discusses his company's role in facilitating an energy efficient world.

Bearish industry data and Saudi stance sparks second successive market sell-off in the face of negative sentiment.

Patrick Pouyanné says White House should soften its stance on Tehran and assist international companies in building bridges.

Brent, WTI futures shed 4% on bearish industry data and market soundbites.

In an era of lower oil prices, BP is changing its whole approach to production optimisation, top executive tells IBTimes UK.

IBTimes poll and separate Moody's report suggest supply/demand imbalances will ensure natural gas prices stay low.

Big Oil bosses say crude price is going nowhere, while Saudi minister says peak demand projections are misguided.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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