Friday, October 18, 2019
Tags OIL

OIL

Oil

Oil falls on economic concerns after US fuel stocks rise

UNITED STATES, WASHINGTON (VOP TODAY NEWS) -- Oil prices eased on Thursday, paring earlier gains as it is under pressure from worries about the global economy and a bigger-than-expected rise in oil product inventories...
VOP News

The rise in oil futures supported by encouraging US data

UNITED STATES, WASHINGTON (VOP TODAY NEWS) -- Oil futures rose early Wednesday, supported by encouraging US data, which showed a decline in crude inventories in the United States. The US Petroleum Institute said in preliminary...
VOP News

Central Bank of Iran: Our oil exports are still continuing

UNITED STATES, WASHINGTON (VOP TODAY NEWS) --cIran's oil sales are growing steadily, despite attempts by the United States to zero it, Iran's central bank governor said on Wednesday. He added, "Iranian oil sales exist and...
VOP News

Iran says it has warned the United States against seizing its oil tanker

UNITED STATES, WASHINGTON (VOP TODAY NEWS) -- Tehran said on Monday it had warned Washington against making another attempt to seize its tanker that left Gibraltar despite a US attempt to seize it. "Iran has...
OPEC

Oil rises following suit, but pessimistic outlook for OPEC curbs gains

UNITED STATES, WASHINGTON (VOP TODAY NEWS) -- Oil prices recovered on Friday after two days of declines, following equity markets, amid expectations of more stimulus from central banks that helped ease recession fears. But oil...
Oil

US oil inventories unexpectedly up 0.4%

UNITED STATES, WASHINGTON (VOP TODAY NEWS) -- U.S. commercial oil reserves (excluding the strategic reserve) for the week ended August 8 rose 1.6 million barrels, or 0.4%, to 440.5 million barrels, according to the...
Oil

Saudi Arabia is preparing a budget for the fall in oil prices

UNITED STATES, WASHINGTON (VOP TODAY NEWS) -- Last week, oil prices were in free fall. However, a few rumors were enough to stop this process. WTI almost fell below $ 50, Brent fell to $...
Oil

US crude inventories fall 8.5 million barrels last week

UNITED STATES, WASHINGTON (VOP TODAY NEWS) -- Crude oil inventories in the United States fell by 8.5 million barrels last week, ending July 26. The US Energy Information Administration said in a statement on Wednesday...
Oil

China is buying record oil from Saudi Arabia under sanctions against Tehran

UNITED STATES, WASHINGTON (VOP TODAY NEWS) -- Data revealed a record rise in oil supplies from Saudi Arabia to China, coinciding with the decline of supplies of crude from Iran to this Asian country...
Oil

Russia: US loots oil fields in Syria

UNITED STATES, WASHINGTON (VOP TODAY NEWS) -- General Sergei Rudskoy, commander of the General Directorate of Operations of the Russian General Staff, accused the United States of looting Syrian oil installations in the Euphrates...
Oil

Oil rises as the market anticipates an expected cut in US interest rates

UNITED STATES, WASHINGTON (VOP TODAY NEWS) -- Oil prices rose for a fourth session on Tuesday, buoyed by optimism that the Federal Reserve will cut interest rates for the first time in more than...
Oil

Oil surges on US data and Gulf tanker crisis

UNITED STATES, WASHINGTON (VOP TODAY NEWS) -- Oil prices rose on Friday, ending the week after stronger-than-expected US economic data boosted the outlook for crude demand as well as worries about the safety of...
VOP News

Ex-leader of Venezuelan oil company found dead in Spain

UNITED STATES, WASHINGTON (VOP TODAY NEWS) -- The former executive director of the Venezuelan national oil company PDVSA J, who was under investigation for money laundering by Spanish diplomats, was found dead in Madrid. The...
Oil

Iranian oil: Beijing denounces US “illegal” sanctions

UNITED STATES, WASHINGTON (VOP TODAY NEWS) -- China has strongly denounced the "illegal" punitive measures imposed by the United States against a Chinese state-owned company, accused of violating US sanctions on the purchase of...
The Iranian tanker Grace 1 near the coast of Gibraltar on July 6, 2019

Gibraltar: four Iranian oil tanker officers released

UNITED STATES (VOP TODAY NEWS) -- The captain and three Iranian tanker officers arrested last week off Gibraltar and suspected of being on the way to Syria, in violation of sanctions, were released Friday,...
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...