UK Market News
Tag Archives: Oil
Oil Inventories

Crude oil stock in the U.S. jumped by over 14 million barrels last week, the biggest weekly rise since records began in 1982. stockpiles soared more than 14 million barrels last week, the largest weekly build since the U.S. Energy Department...

By Warren Smith on Nov 2nd, 2016

According to the Minister of Energy and Industry of Saudi Arabia, Khalid Al-Falih, other oil producing nations are willing to cut their production to ensure that oil prices will continue to improve in the global market. At the Oil and Money...

By Kate Ayers on Oct 19th, 2016
Saudi Aramco

Saudi Aramco is seeking a 2 trillion valuation through its IPO. Saudi Arabia is looking to offload a stake in its state-owned oil company Aramco after a slew of problems that include cheap crude amid budget pressures, and fear of a future supply...

By Warren Smith on Sep 1st, 2016
OPEC

During the last month oil prices have started to drop again causing concern for exporters. Members of the Organization of Petroleum Exporting Countries (OPEC) will conduct unofficial discussions during their break from the International Energy...

By Laura Parrish on Aug 8th, 2016
Oil Rig At Sunset

Although the increase is welcomed Brent crude still remains 70 per cent below its highest point in 2014. Oil prices have reached a new high of over $40 per barrel, a first for the whole year amid improvements in the value of commodities. Brent...

By Kim Irwin on Mar 7th, 2016
Iran Oil Field

A meeting will be taking place today in Iran between OPEC members. Top oil producers Russia, Saudi Arabia and others such as Qatar and Venezuela agreed on Tuesday to halt output of their crude oil production at January levels if Iran and Iraq...

By Kate Ayers on Feb 17th, 2016