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Oil prices slip after surprise build in US inventories
TOKYO: Oil prices fell today, giving up some of the strong gains of the previous session, after an industry report showed US crude stockpiles rose last week, against analyst expectations of a decline. Brent crude was down 18 cents, or
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Oil prices rise, more OPEC output cuts expected
SEOUL: Oil prices rose on Friday, supported by expectations of more production cuts by OPEC amid fears the US-China trade row could lead to a global slowdown, curbing demand for crude. International benchmark Brent crude futures, were at $57.61 a
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Malaysia supports OPEC’s deal to reduce oil production
KUALA LUMPUR: Malaysia supports the proposal for the Declaration of Cooperation (DoC) to be extended by nine months to March 31, 2020, at the current agreed production levels to ensure the smooth continuation of the current cooperation. Economic Affairs Minister
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Oil prices soar on Saudi, Russia support for supply cuts
SINGAPORE: Oil prices rose more than US$1 a barrel today after Saudi Arabia, Russia, Iraq backed an extension of supply cuts for another six to nine months ahead of an OPEC meeting this week. Front-month Brent crude futures for September
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Oil prices dip, await positive feedback from G20, OPEC talks
SEOUL: Oil prices eased today in a cautious market, as traders eyed a scheduled meeting between US President Donald Trump and Chinese President Xi Jinping at the G20 summit and next week’s OPEC meeting. Brent crude LCOc1 futures were down
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Oil price stabilise amid supply cut
SINGAPORE: Oil prices stabilised on expectations that producer group OPEC and its allies will keep withholding supply to prevent prices from tumbling amid a broad economic slowdown which has started eating away at fuel demand growth. Front-month Brent crude futures,
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Oil prices pressured by bearish economy
SINGAPORE: Oil prices were pressured by an economic slowdown that has affected fuel consumption, although some support came from a Saudi Arabian statement that consensus was emerging with other producers over extending supply cuts. Front-month Brent crude futures were at
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