output curbs

 
 

Oil slumps below US$65 as Opec clash looms, trade war escalates

TOKYO, June 18 — Oil fell below US$65 (RM259.87) a barrel as Saudi Arabia and Russia prepared for a clash with allied crude producers over whether to lift output and as China and the US exchanged trade threats. Futures in New York dropped as much…


Asian currency rally at crossroads as crucial oil meeting looms

KUALA LUMPUR, June 7 ― Emerging Asian currencies have bounced back over the past two weeks as oil prices have fallen. Their recovery will face a crucial test when the world’s major crude producers meet in Vienna later this month. Energy…


Oil near US$65 as Opec fears weigh against US stockpile drop

LONDON. June 6 — Oil traded near US$65 a barrel as an industry report showing a drop in American crude stockpiles countered fears about a potential Opec supply boost. Futures in New York fell 0.7 per cent, following a 1.2 per cent advance…


US oil prices inch up on fall in local crude stockpiles

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TOKYO: US oil prices edged up in early Asian trade on Wednesday to move away from lows hit in the previous session, buoyed after industry data showed a decline in U.S. crude inventories. U.S. crude marked its lowest level in nearly two months on Tuesday after three OPEC and industry sources said the U.S. government has unofficially asked Saudi Arabia and some other OPEC producers to raise oil output, although it has not requested a specific figure. But U.S. oil had rebounded by Tuesday’s close amid expectations U.S. crude oilRead More


Oil sinks while stocks gain on North Korea, euro shaken by Italy

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TOKYO (May 28): U.S. oil futures hit six-week lows on expectations major producers may ease output curbs on Monday, while Asian stocks and U.S. share futures gained on signs the United States and North Korea were still working towards holding a summit. The euro bounced back from a 6-1/2-month low after the Italian president rejected a eurosceptic as a key economy minister, but his move was seen as triggering a possible constitutional crisis and opening the prospect of fresh elections, keeping the single currency fragile. Oil prices extended their declineRead More


Most South-east Asia markets fall, Malaysia down for fifth session in six

SINGAPORE, May 28 — Most South-east Asian stock markets fell today, with Malaysia declining for a fifth session in six, while Indonesia extended gains on the back of financial and infrastructure stocks. “There are lots of pitfalls that could…


Oil slips further below US$80 on talk of easing output curbs

NEW YORK, May 24 ― Oil prices fell about 1 per cent today, with expectations building that Opec could wind down the output deal in place since the start of 2017, due to supply concerns out of Venezuela and Iran. Brent crude futures fell 61 cents,…


Oil nears US$80 in London amid falling stockpiles and Iran risks

SEOUL, May 17 — Oil traded at a three-year high in London near US$80 (RM317) a barrel as US crude inventories fell and traders braced for the impact of renewed sanctions on Opec member Iran. Brent futures added 0.7 per cent. US crude stockpiles…


Opec's reason for sticking with cuts rests on shaky ground

DUBAI, May 2 — Opec and Russia seem determined to keep on cutting production even after their campaign to rebalance world oil markets achieved its main target. The primary justification for doing so looks shaky. Sixteen months of output curbs have…


Opec-Russia talks set to keep oil cuts even as glut vanishes

DUBAI, April 18 — Opec and Russia will meet in Saudi Arabia this week after all but banishing a global oil glut. While looming political crises threaten to tighten supplies further, the group seems determined to keep its cuts in place. Almost…