Last Updated : GMT 09:40:38
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Friday 11 July 2025
Last Updated : GMT 09:40:38
Themuslimchronicle, themuslimchronicle
Themuslimchronicle, themuslimchronicle

OPEC and other producers

Crude pares gains as US supply concerns overshadow OPEC cuts

Themuslimchronicle, themuslimchronicleCrude pares gains as US supply concerns overshadow OPEC cuts240310/244
New York - Arab Today
Oil pared gains on Tuesday as concerns about rising supply from US shale output overshadowed an OPEC-led effort to cut global output, which has supported oil prices in a higher range.  Brent crude was 61 cents higher at $56.20 a barrel by 11:30 Eastern (1530 GMT), after earlier rising to $56.46 a barrel. US light crude was up 45 centsRead more

Oil prices post gains on OPEC hopes, but doubts linger

Themuslimchronicle, themuslimchronicleOil prices post gains on OPEC hopes, but doubts linger228696/244
London - Arab Today
Oil prices edged higher on Friday as output cuts by the Organization of the Petroleum Exporting Countries (OPEC) members met with lingering concern that other producers could try to shirk their share of planned decreases aimed at curbing global oversupply. Brent crude futures, the benchmark for international oil prices, were trading at $57.20 per barrel at 1229 GMT, up 31Read more

Oil prices edge up in anticipation of tighter 2017 market

Themuslimchronicle, themuslimchronicleOil prices edge up in anticipation of tighter 2017 market223690/244
Singapore/Dubai - Arab Today
Oil prices rose on Monday in anticipation of tighter crude supply going into 2017 following the decision by OPEC and other producers to cut output to prop up prices. Brent crude futures, the international benchmark for oil prices, were trading at $55.57 per barrel at 0401 GMT, up 36 cents, or 0.7 percent, from their last close. US West TexasRead more

Iraq boosts oil sales to China, US, India before OPEC supply cuts

Themuslimchronicle, themuslimchronicleIraq boosts oil sales to China, US, India before OPEC supply cuts223074/84
Singapore/Beijing - Arab Today
Iraq is selling more crude oil to its biggest customer, China’s Unipec, people familiar with the matter say, digging a deeper foothold in the global supply market just before production cuts agreed with OPEC and other producers are scheduled to kick in. With new deals with Indian and US refiners also coming on stream, the expanded contract with the tradingRead more

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