Result Page 8 for Latest Commodities News & Archive

Non-Opec members agree to cut oil production to ease oversupply

Group of 11 states including Russia and Mexico to slash output by 558,000 barrels per day from 1 January.

Saudi Arabia informs US and European customers of oil supply cuts from January

Saudi Arabia informs its US and European customers of cut in oil deliveries from January – report

The decision comes ahead of the talks between Opec and non-Opec nations in Vienna on Saturday.

Commodities round-up: Oil futures bounce back as crunch Opec and non-Opec meeting nears

Brent, WTI futures rise ahead of approaching summit between Opec and non-Opec producers.

Commodities round-up: Oil recovers despite worries over talks between Opec and non-Opec producers

Brent, WTI futures recover from overnight lows ahead of summit between Opec and non-Opec producers.

More news

Most Asian markets gain following Donald Trump announcing SoftBank's US investment plans

Markets also gained amid investor expectations of a positive outcome from the upcoming ECB meeting.

Kedar Grandhi Dec 07, 2016

Commodities round-up: Oil retreats from recent highs on backdated Opec figures

Brent, WTI rally comes to an end after survey reveals Opec pumped 34.16m bpd in November.

Gaurav Sharma Dec 06, 2016

Sheikhs vs Shale: An almighty oil market tussle ends in a draw

Neither Opec nor US shale producers could land a winning blow in the fight for oil market dominance.

Gaurav Sharma Dec 06, 2016

Flag of Italy at Vittoriano at Piazza Venezia, Rome

Most Asian markets rise as investors brush off Italian referendum vote

US services sector activity hitting a one-year high in November also helped boost investor confidence.

Kedar Grandhi Dec 06, 2016

Workers walk at Rumaila oilfield in Basra, 420 km (260 miles) southeast of Baghdad

Commodities round-up: Brent spikes above $55 as Opec cut fires-up crude market

Brent caps $55 per barrel mark for first time in 16 months on Opec's decision to reduce its 2017 output.

Gaurav Sharma Dec 05, 2016

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

Commodities round-up: Oil futures stay buoyant following Opec's production cut

Brent, WTI extend positions above $50 as market awaits Opec-Russia talks.

Gaurav Sharma Dec 02, 2016

Asian markets slip following weak overnight close on Wall Street and FTSE

The bearish trend in the stock markets also follows a decline in oil prices.

Kedar Grandhi Dec 02, 2016

BP seeks to offload stake in its UK fuel storage terminals and the UKOP pipeline

BP approves $9bn Mad Dog offshore project in the US

Co-owners of this project include BHP Billiton and Union Oil Company of California, an affiliate of Chevron.

Kedar Grandhi Dec 02, 2016

Commodities round-up: Oil futures rally enters second day following Opec's production cut

Brent touches $54 per barrel as Opec announces it would cut production by 1.2m barrels per day

Gaurav Sharma Dec 02, 2016

Asian markets gain amid Opec deal and better-than-expected China PMI data

On Wednesday, Opec agreed to cut oil production by 1.2 million barrels per day.

Kedar Grandhi Dec 01, 2016

Oil futures rally as Opec agrees to cut oil production by 1.2m barrels per day

Brent, WTI trade higher following agreement in Vienna to cut Opec production in conjunction with Russia

Gaurav Sharma Nov 30, 2016

Exclusive: UAE oil minister says Opec meeting not 'make or break' situation for wider market

Suhail Al Mazroui tells IBTimes UK that Opec was working 'overtime' towards an oil market solution.

Gaurav Sharma Nov 30, 2016

Most Asian markets in the green following an increase in oil prices

Most analysts said they expect some form of deal to emerge from the Opec meeting.

Kedar Grandhi Nov 30, 2016

Commodities round-up: Oil futures plunge 4% as Opec's internal wrangles grip market

Fears of oil sliding to $40 escalate as preliminary Opec talks yield little, while Russians pull out of talks.

Gaurav Sharma Nov 29, 2016

Oil futures slide as Russia says it won't turn up at Opec meeting

Kremlin decides against talks with Opec while cartel's internal meeting of experts ends without concrete plans for an oil production cut

Gaurav Sharma Nov 29, 2016

Commodities round-up: Oil market volatility rises as Saudi minister says Opec cut may not be needed

Opec seeks solutions as ministers' meeting nears with oil benchmarks well below $50 per barrel

Gaurav Sharma Nov 28, 2016

Commodities round-up: Oil futures slump by over 3% on Opec uncertainty

Brent, WTI see heavy short selling ahead of Opec meeting as market mulls possible oil production cut.

Gaurav Sharma Nov 25, 2016

Most Asian stock markets gain as the Thanksgiving break in the US slows the surge in the dollar

Most Asian stock markets gain as Thanksgiving break in the US slows dollar surge

The uptick in Asia is expected to only last until US markets reopen after the holidays.

Kedar Grandhi Nov 25, 2016

Commodities round-up: Oil futures head sideways on Russian production freeze offer

Kremlin's offer falls short of a coordinated crude production cut ahead of Opec meeting.

Gaurav Sharma Nov 24, 2016

Commodities round-up: Oil prices hit three-week high on growing hopes of Opec deal

Crude prices edge close to $50 a barrel as investors grow confident Opec curb production next week.

Dan Cancian Nov 22, 2016

Asian stock markets slip amid Janet Yellen'scommentsoninterestrates

Asian markets mixed following Janet Yellen saying rates could be increased 'relatively soon'

Yellen said Donald Trump's victory in the American presidential election had not changed the Fed's plans on interest rates.

Kedar Grandhi Nov 18, 2016

Commodities round-up: Oil prices reverse losses as attention shifts back on Opec

Crude prices recover after falling on the back of disappointing inventories data from the US.

Dan Cancian Nov 17, 2016

Oil oversupply 'may ease' by 2017, OPEC says

Asian markets slip as oil prices decline, dollar hits 13-year high

Markets are said to be awaiting US Fed Janet Yellen's congressional testimony, which is due later in the day.

Kedar Grandhi Nov 17, 2016

Most Asian stock markets gain following uptick in Wall Street and oil prices

Crude oil surged 6% on Tuesday amid renewed hopes that the Opec nations would cut crude production.

Kedar Grandhi Nov 16, 2016

Asian markets slip amid renewed Fed rate hike fears

The implied probability of a December rate hike has surged to 92%, according to an analyst from CMC.

Kedar Grandhi Nov 15, 2016

Commodities round-up: Oil prices slide as Opec's chances of deal to curb production remain unlikely

Opec will meet at end of the month to discuss a deal aimed at curbing production in oversupplied oil market.

Dan Cancian Nov 14, 2016

Asian markets mixed as Japan reports better than expected GDP growth

Japan said its third-quarter GDP had grown 2.2% on-year in the three months ended September.

Kedar Grandhi Nov 14, 2016

Commodities round-up: Oil prices recover from Trump shock but concerns over supply remain

Analysts expect oil markets to benefit from Donald Trump's presidency, as Opec struggles to cut production.

Dan Cancian Nov 10, 2016

Asian markets, oil prices and dollar tumble as Donald Trump leads race to White House

Oil traders warn that a win for Trump would be bad for world trade.

Kedar Grandhi Nov 09, 2016

Most Asian markets trade higher as investors bet on a Clinton victory

At least five major polls on Monday showed Hillary Clinton to still have a lead over Donald Trump.

Kedar Grandhi Nov 08, 2016

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