Wednesday, June 19, 2019
Tags OIL

OIL

Oil

Oil prices fall 1% with economic concerns overheating

UNITED STATES (VOP TODAY NEWS) -- Oil prices fell more than 1 percent on Monday after more weak data from the Chinese economy fueled fears of a drop in world oil demand. Brent crude futures...
Iran

US shale oil production is expected to grow to 8.52 million b/d in July

UNITED STATES (VOP TODAY NEWS) -- US oil production from seven major rock formations is expected to rise by about 70,000 bpd in July to about 8.52 million bpd, the US Energy Information Administration...
Oil

Iran’s oil minister says crude market “fragile and unstable”

UNITED STATES (VOP TODAY NEWS) -- Iran's oil minister, Begin Zenghan, told Russian Energy Minister Alexander Novak during a meeting in Tehran that the world oil market was "unstable and fragile," the state-run IRNA...
Oil

Erdogan confirms continuing oil exploration off Cyprus despite warnings

TURKEY (VOP TODAY NEWS) -- Turkish President Recep Tayyip Erdogan said on Sunday that his country would continue to explore oil off the coast of Cyprus after southern European countries called on Turkey to...
Gulf of Oman

Two oil tankers attacked in the Gulf of Oman – what we know

UNITED STATES (VOP TODAY NEWS) -- Two oil tankers were evacuated Thursday in the Sea of ​​Oman after sending distress calls amid reports of an attack that has yet to be seen as they...
Oil```

Oil prices fall 4% due to an increase in US stocks and fears of...

UNITED STATES (VOP TODAY NEWS) -- Oil prices fell 4 percent on Wednesday, their lowest level in nearly five months, as they were hurt by another surge in US crude inventories and dim forecasts...
OPEC

Oil rises 3% after Saudi gesture to extend OPEC deal and stock rise

UNITED STATES (VOP TODAY NEWS) -- Oil prices rose nearly 3 percent on Friday, further away from a five-month low this week after Saudi Arabia said Opec was close to agreeing to extend production...
Libya

Libyan oil company warns of the collapse of oil production because of the war...

UNITED STATES (VOP TODAY NEWS) -- Libya's National Oil Corporation (NOC) on Monday warned of a collapse in oil production in the country because of the war south of the capital Tripoli, said Mustapha...
Oil

Exclusive: Kuwait’s oil minister expects oil market balance towards the end of 2019

UNITED STATES (VOP TODAY NEWS) -- The oil market is expected to balance towards the end of 2019 as global stocks fall and demand remains strong, but OPEC's job is not yet over, Kuwait's...
Oil

Oil has fallen over Trump’s statement about the deal with Iran

UNITED STATES (VOP TODAY NEWS) -- Oil shows mixed results during sluggish trading on Monday, because after weeks of growing tension in the Middle East, US President Donald Trump said that a deal with...
Oil

Iraq’s oil revenue in April was the highest in months

UNITED STATES (VOP TODAY NEWS) -- Iraq recorded a record high in crude oil revenues in April after rising prices on the back of the crisis between Tehran and Washington, according to an official...
Oil

US sharply increased their Russian oil purchases

UNITED STATES (VOP TODAY NEWS) -- Since early May, US companies have purchased 5 million barrels of Urals oil - a quantity comparable to all Russian oil exports to the US since the beginning...
Oil

Oil prices finish the week with a maximum decline in 2019

UNITED STATES (VOP TODAY NEWS) -- Oil prices are moving to $ 69 a barrel after two sessions of decline in a row, but they are still preparing to demonstrate the maximum weekly decline...
oil

Oil traders are trying to ship contaminated Russian oil to Asia

UNITED STATES (VOP TODAY NEWS) -- Oil trading companies Vitol and Unipec are sending about 700,000 tonnes of contaminated Russian oil to Asia in a bid to dispose of supplies rejected by buyers in...
OPEC

Sources: OPEC is considering postponing the Vienna meeting to early July

UNITED STATES (VOP TODAY NEWS) -- OPEC and its allies are considering changing their next meeting on oil production policy in Vienna to July 3 and 4 instead of June 25 and 26, two...
OPEC

Oil producers meet in Jeddah amid rising tensions with Iran

UNITED STATES (VOP TODAY NEWS) -- OPEC oil exporters will hold an important meeting in Jeddah on Sunday to put prices on the fragile crude market on a path of stability amid tensions in...
Oil

Libya announces the threat of a fall in oil production by 95%

UNITED STATES (VOP TODAY NEWS) -- Oil production in Libya currently stands at about 1.3 million barrels per day, but it could fall by 95% due to military operations in the country, said Mustafa...
Oil

Oil rises to $73 on threat of cut supplies

UNITED STATES (VOP TODAY NEWS) -- Oil rose towards $ 73 a barrel on Friday, boosted by a threat of supply disruptions in the Middle East and heading towards a weekly rise. US sanctions on...
Oil

The price of oil has risen following rising tensions in the Middle East

UNITED STATES (VOP TODAY NEWS) -- Oil futures rose on Monday amid growing concerns over supply disruptions in the Middle East, as investors and traders worried about global economic growth prospects as a result...
Oil

China: US sanctions against Iran a threat to the stability of the oil market

UNITED STATES (VOP TODAY NEWS) -- US sanctions on the purchase of Iranian oil will inevitably lead to increased volatility in the international energy market, a spokesman for the PRC Ministry of Commerce Gao...