Oil prices fell on Friday after dropping about 3% a day earlier as coronavirus cases remained high in major oil consumer India and as a key fuel pipeline in the United States resumed operations after being shut due to a cyber-attack.
Brent crude oil futures were down 35 cents, or 0.5%, at $66.70...
A resurgent Iran pumped its largest volume of crude in almost two years in April, while an increasingly compliance-challenged Russia also boosted its output yet again, bringing total production by OPEC and its allies to a three-month high, according to the latest S&P Global Platts survey....
Oil rose on Monday after major US fuel pipeline operator Colonial Pipeline had to shut fuel pipelines due to a cyberattack, raising concerns about supply disruption and pump price increases.
Colonial Pipeline said Sunday its main fuel lines remained offline after the attack that shut the system...
A number of unnamed petrochemical company managers in Mahshahr Special Petrochemical Economic Zone in Khuzestan Province have been charged with violating environmental standards and will be in the dock soon, head of the provincial Department of Environment said.
“The senior officials are accused...
Oil prices recovered after a 1% dip in the previous session on buoyant economic data from China and the United States, even as the surging Covid-19 pandemic in India capped prices.
Brent crude futures for July were at $68.40 a barrel, up 31 cents, or 0.5%, while US West Texas Intermediate crude...
Oil prices rose for a third day on Wednesday as easing of lockdowns in the United States and parts of Europe heralded a boost in fuel demand in summer season and offset concerns about the rise of Covid-19 infections in India and Japan.
Brent crude rose 91 cents, or 1.3%, to $69.79 a barrel. US...
Russian oil and gas condensate output rose 2% to 10.46 million barrels per day in April, from 10.25 million bpd in March, according to Reuters calculations based on an Interfax report on Sunday citing energy ministry data.
Under a deal agreed by the OPEC+ group of leading oil producers in March...
Oil prices slipped on Friday, taking a breather after touching their highest in six weeks as concerns of wider lockdowns in India and Brazil to curb the Covid-19 pandemic offset a bullish outlook on summer fuel demand and economic recovery.
Brent crude fell 31 cents, or 0.5%, to $68.25 a barrel...
OPEC and its allies recommended proceeding with plans to gently revive oil production as global demand recovers from the pandemic, despite surging infections in India.
A committee led by Saudi Arabia and Russia agreed the coalition can skip a full-scale ministerial meeting originally scheduled...
Oil prices rose on Wednesday amid optimistic forecasts of global fuel demand recovery, while the rapid spread of Covid-19 infections in India and a bigger-than-expected build in US crude stocks capped gains.
Brent crude futures rose 28 cents, or 0.42%, to $66.70 a barrel, following a 1.2% gain...