Oil market news



Asian oil markets are tighter after a year of OPEC's output reduction

Asian oil markets are tighter after a year of OPEC's output reduction

Asian oil markets have considerably tightened after a little more than a year of OPEC-initiated output reduction, as big volumes of stored crude have been unloaded from tankers and transported to customers in the region. 


Oil moves down in view of oversupply projections
Oil moves down in view of oversupply projections

Oil prices dropped today, pushed down by potential excess of supply along with growing U.S. inventories, but the possibility of Saudi...

Global crude production could surpass demand this year
Global crude production could surpass demand this year

The expansion of oil production in the world, much helped by the US, will probably exceed demand increase in 2018, today the International Energy...

Oil grows by 1%, while stock markets stabilize
Oil grows by 1%, while stock markets stabilize

Prices for oil climbed 1% on Monday, following previous week’s sharp decline, while stock markets in Asia bounce back after several days of...

Prices of oil lose over 1% while global markets fall
Prices of oil lose over 1% while global markets fall

Prices of oil fell by over 1% today continuing slide of the day before, while world financial markets moved down after nearly a record intra-day...

Oil plummets due to extensive market sell off
Oil plummets due to extensive market sell off

Prices of oil today continued their downward movement that started at the end of the previous week due to a broader market sell off and a risen...

Prices of oil keep stable, OPEC adherence to deal makes up for soaring US output
Prices of oil keep stable, OPEC adherence to deal makes up for soaring US output

Prices of oil remained almost level today, with OPEC’s adherence to the production cuts agreement making up for the new data coming from the...

Total discovers major oil field in Gulf of Mexico
Total discovers major oil field in Gulf of Mexico

French oil company Total SA announced a major oil discovery in the U.S. Gulf of Mexico. According to company, it drilled a hole nearly 9 km deep...

Oil prices fall as U.S. oil-rig count rises
Oil prices fall as U.S. oil-rig count rises

Crude prices dropped on Tuesday for a second straight day as growing U.S. production and a firm dollar undermined demand for oil, pushing March...

Oil falls due to growing production in the U.S.
Oil falls due to growing production in the U.S.

Prices of oil inched down today in view of increasing production in the US that works against the OPEC-led measures of limiting output aimed at...

Brent soars to $71, which was last registered in 2014
Brent soars to $71, which was last registered in 2014

Prices for Brent soared to $71 a barrel today, the first case since 2014, as the U.S. dollar kept falling and US crude inventories dropped for the...

Oil prices go up supported by IMF global growth forecast and OPEC-led output cuts
Oil prices go up supported by IMF global growth forecast and OPEC-led output cuts

Prices for oil moved higher today, supported by strong global economic expansion outlook and OPEC-led output cuts. 

Oil prices are on the rise, Saudi Arabia says producers will continue output cuts after 2018
Oil prices are on the rise, Saudi Arabia says producers will continue output cuts after 2018

Prices for oil rose today following Saudi Arabia’s statement that oil producing countries are going to continue working together in terms of...

IEA keeps oil demand growth estimate for 2018 steady
IEA keeps oil demand growth estimate for 2018 steady

The International Energy Agency (IEA) confirmed the forecast for growth of world oil demand in 2018 at 1.3 million bpd. Earlier OPEC left its...

Oil prices fall following 13% rise over the past few weeks
Oil prices fall following 13% rise over the past few weeks

Oil lost some of previous rise on Wednesday as experts forecasted a fall after the growth of over 13% during several past weeks. 

U.S. oil output is about to set historic maximum, which could change the international oil market
U.S. oil output is about to set historic maximum, which could change the international oil market

Booming shale oil production in the US is about to bring the country’s output above 10 mln barrels daily – beating the historic...

Brent climbs to $70 due to production cuts initiative led by OPEC
Brent climbs to $70 due to production cuts initiative led by OPEC

Brent prices climbed to $70 per barrel today, helped by continuing production cuts initiated by OPEC, and paying no attention to the increase in...

Indications of overheated market send oil down after three-year highs
Indications of overheated market send oil down after three-year highs

Oil prices took a tumble after attaining record highs in three years today based on the notion that a rise of 13% since the beginning of December...

US oil prices are at their record highs since 2015, though doubts over buoyancy emerge
US oil prices are at their record highs since 2015, though doubts over buoyancy emerge

US prices for oil reached their record highs since 2015 once more today as traders are confident that prices are going to continue growing thanks...

Oil is down as the continued growth raises doubts
Oil is down as the continued growth raises doubts

Prices of oil dropped on Friday, retracting from the peaks last seen in 2015, as climbing US output damaged a rise of 10% from December’s...

Oil drops a little after reaching mid-2015 levels due to growing production
Oil drops a little after reaching mid-2015 levels due to growing production

Oil prices today dropped a little retracting from the levels of the middle of 2015 attained a day earlier, which is due to production volumes in...

Oil prices keep close to best levels of 2015 in view of market prospects
Oil prices keep close to best levels of 2015 in view of market prospects

Oil prices were still around the best levels in 2.5 years on Wednesday while market prospects for the coming year are quite tight, even...

Saudi Arabia plans to increase the budget's oil revenues by 80% by 2023
Saudi Arabia plans to increase the budget's oil revenues by 80% by 2023

The Government of Saudi Arabia has developed a six-year program to achieve a balance of income and expenditure. The program provides for higher...

Oil climbs to top since July 2015, North Sea outage in focus
Oil climbs to top since July 2015, North Sea outage in focus

Oil prices remain within sight of its top since mid-2015 on Tuesday, as the restart of a North Sea oil pipeline is anticipated highly in the New...

Oil prices gain due to Forties pipeline outage and reduction of new U.S. rigs
Oil prices gain due to Forties pipeline outage and reduction of new U.S. rigs

Oil prices grew on Monday while the Forties pipeline is still not working and some signals are showing that roaring US oil production growth could...

Prices of oil gain due to US oil stockpile reduction and an important pipeline shutdown
Prices of oil gain due to US oil stockpile reduction and an important pipeline shutdown

Prices of oil grew on Wednesday as figures demonstrated a reduction of US oil stockpiles more than had been forecasted, along with that...

Brent crude reaches new heights after the shutdown of Britain’s Forties pipeline
Brent crude reaches new heights after the shutdown of Britain’s Forties pipeline

Prices for Brent went up 1% on Tuesday, the level unseen since the middle of 2015, following the cease of operation of the British Forties...

OPEC can phase out production cuts earlier than 2019
OPEC can phase out production cuts earlier than 2019

Participants of the OPEC+ deal may announce in June an exit strategy from global supply cuts if the market improves by June, Kuwait’s oil...

Oil prices dip amid rising U.S. drilling rigs
Oil prices dip amid rising U.S. drilling rigs

Crude prices edged down on Monday as rising U.S. drilling activity could led to a further increase in U.S. output, countering OPEC-led production...

Oil prices are expected to grow following OPEC’s decision to go on with output cuts
Oil prices are expected to grow following OPEC’s decision to go on with output cuts

Oil prices are predicted higher by experts for the coming year following the decision by OPEC and other oil exporters to continue production cuts,...

Goldman Sachs raises oil price forecast for next two years
Goldman Sachs raises oil price forecast for next two years

The U.S. Goldman Sachs Group Inc. raised its forecast for oil prices for the next two years amid improving the situation on the global oil market...

Oil prices drop expecting the info on U.S. crude inventories
Oil prices drop expecting the info on U.S. crude inventories

Oil prices slightly dropped on Tuesday expecting the info on U.S. crude inventories, as traders compared the effect of growing U.S. oil...

Oil prices as a factor of influence on the world financial markets

Oil plays an important role on the world markets. Traders and investors know that oil quotes have a major impact on the world economy because of their change can cause a strong growth or, conversely, become a reason of reduction in price of assets in the currency and stock markets. The dynamics of crude quotes is determined to a greater extent, by the economic situation in the United States of America. To predict effectively changes in trading on the stock markets, it is necessary to monitor all developments on the oil market.

Analyse the impact of oil prices on the financial markets

The world oil market is one of the most volatile that makes it even more attractive to investors and giving them an convenient method of investments with low risk. There are plenty of factors which have influence on the oil prices: political events, financial reports and even the weather changes. A timely analysis of all the actual news of the oil market is the key to successful trading.
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