oil prices

OPEC+ deal fulfilled at 168% in April

Conformity of OPEC+  countries for April 2019 was 168%, according to the cartel’s press release. Following its 14th Meeting, which took place on May 19, 2019, in Jeddah, Saudi Arabia, the Joint Ministerial Monitoring …

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Brent oil price falls below $71

Oil prices fell today after data showed a surprise rise in U.S. crude stockpiles and as Chinese industrial output grew less than expected in April, but prices were supported by mounting tensions in the Middle East. Brent crude futures …

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Global oil supply under threat

The global “war on single-use plastics” is “gaining pace,” according to Barclays. Bans on single-use plastic bags and plastic straws in the U.S. are proliferating at the municipal and state level. The European …

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 Brent and WTI oil prices decline

Oil prices fell this morning after a report showed a rise in U.S. crude inventories, but global markets remained tense amid an intensifying political crisis in Venezuela, tightening U.S. sanctions on Iran, and ongoing OPEC supply cuts. …

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 Brent oil price falls after Trump statements

Oil prices fell today after U.S. President Donald Trump demanded that OPEC raise output to soften the impact of U.S. sanctions against Iran. Brent crude futures were at $71.66 per barrel at 0648 GMT, down 49 cents, or …

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Brent oil hits $75 per barrel

Brent crude oil rose above $75 per barrel today for the first time in 2019 in the wake of tightening sanctions on Iran, while gains in U.S. prices were crimped by a surge in U.S. supply. Brent crude futures rose to a 2019 high of $75.01 …

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Oil prices soar on fears about Iran sanctions

Oil prices jumped more than 2% in the previous session, hitting their highest level this year amid intensifying concern about global supplies after the U.S. announced a further clampdown on Iran’s oil exports. International …

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Brent oil exceeds $72 for first time since November

Oil prices rose for a second day on signs of strong demand from refineries in China amid tightening supply as producers curtail output and as oil inventories in the U.S. fell unexpectedly. Brent crude oil futures rose 29 cents (0.4%) to …

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