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3101 News
  • US oil inventories fall

    The oil price is edging higher Thursday, as investors shrug off news that US oil production rose last month. Meanwhile, news that oil stocks fell, helped push prices higher. read » 1 week ago
  • Investors keep close watch on oil output details

    The oil price fell Tuesday, on news the US’ oil output capacity rose again last week. That news comes just days after OPEC and some non-OPEC members, confirmed their decision to extend the current output cap until the end of 2018 read » 2 weeks ago
  • Investors keep close watch on oil output details

    The oil price fell Tuesday, on news the US’ oil output capacity rose again last week. That news comes just days after OPEC and some non-OPEC members, confirmed their decision to extend the current output cap until the end of 2018 read » 2 weeks ago
  • Review to take place on June 21

    Oil prices rose after OPEC and non-OPEC members Thursday agreed to extend the current output cap, until the end of 2018. The group also stated its intention to meet on June 21, to discuss the situation and make changes to the cap agreement, if required. read » 2 weeks ago
  • Delegates still discussing details

    The oil price is rising Thursday, as reports suggest the output cap extensions has been agreed. No formal announcement has been made by OPEC. read » 2 weeks ago
  • OPEC delegates meeting over this week

    The oil price is edging lower again Wednesday, on news OPEC and non-OPEC delegates have discussed the likelihood of extending the current output cap through to the end of 2018, ahead of the Nov 30 Vienna meeting. read » 3 weeks ago
  • Shell's oil outlook supports

    European shares were higher Tuesday as investor sentiment was buoyed by positive UK bank stress test results and Shell's oil price outlook. read » 3 weeks ago
  • Potential extension of output cap also in focus

    the oil price is rising again Friday as the Keystone pipeline closure bites and as signs suggest an OPEC output cap extension could still go ahead. read » 3 weeks ago
  • US Fed minutes weigh on US currency

    The price of gold was treading water in afternoon trade. The value of precious metal rose late Wednesday following the release of the minutes from the latest US Federal Reserve meeting which weighed on the US dollar. read » 3 weeks ago
  • Investors continue to eye Nov 30 OPEC meeting

    The oil price is rising Wednesday on news of a bigger than expected drawdown of US crude oil inventories and that delivery of oil through a Canadian pipeline will be reduced by 85% until the end of November. read » 4 weeks ago
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