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US imported no oil from Venezuela last week. Here's why it's a big deal

America's once-robust imports of crude oil from Venezuela have ground to a halt because of Trump administration sanctions and chaos gripping the OPEC nation.
Tags: News, US, America, Opec, Stories, Venezuela, Trump


America imported no oil from Venezuela last week. Here's why that's a big deal

America's once-robust imports of crude oil from Venezuela have ground to a halt because of Trump administration sanctions and chaos gripping the OPEC nation.
Tags: America, Opec, Cnn, Venezuela, Trump


Oil slips but holds near 2019 peak as supplies tighten

Oil edged lower on Thursday but held near 2019 highs, supported by a sharp tightening of global stocks, OPEC production cuts and U.S. sanctions on key producers Iran and Venezuela.
Tags: Money, Opec, Iran, businessNews


Oil holds near 2019 peak as global supplies tighten

Oil held near 2019 highs on Thursday, supported by tightening U.S. stocks and declining output from key producers due to OPEC production cuts and U.S. sanctions on Iran and Venezuela.
Tags: Money, Opec, Iran, businessNews


Oil slips from 4-month peak, but OPEC cuts, sanctions support

Oil eased from 2019 highs reached earlier in Thursday's session, but markets remain relatively tight amid supply cuts led by producer club OPEC and U.S. government sanctions on Iran and Venezuela.
Tags: Money, Opec, Iran, businessNews


Oil dips from four-month highs, but OPEC cuts, sanctions support

Oil eased away from 2019 highs reached earlier in the session on Thursday, but markets remain relatively tight amid supply cuts led by producer club OPEC and U.S. government sanctions against Iran and Venezuela.
Tags: Money, Opec, Iran, businessNews


Oil hits 2019 highs amid OPEC-led supply cuts, U.S. sanctions on Iran, Venezuela

Oil prices reached their highest so far for 2019 on Thursday as global markets tightened amid supply cuts led by producer club OPEC and U.S. government sanctions against Iran and Venezuela.
Tags: Money, Opec, Iran, businessNews, Iran Venezuela


US oil prices hit $60 a barrel

US oil prices have spiked 40% since Christmas Eve thanks to OPEC's aggressive production cuts.
Tags: News, US, Opec, Stories


US oil prices have spiked 40% since December

US oil prices have spiked 40% since Christmas Eve thanks to OPEC's aggressive production cuts.
Tags: News, US, Opec, Stories


US oil prices hit $60 a barrel for the first time since November

US oil prices have spiked 40% since Christmas Eve thanks to OPEC's aggressive production cuts.
Tags: US, Opec, Cnn


Rating firm S&P lifts oil price assumptions after OPEC, Russia cuts

Rating agency S&P Global raised its Brent oil price assumptions back up to $60 a barrel on Wednesday, on the back of recent production cuts by OPEC and Russia.
Tags: Money, Russia, Opec, businessNews


Oil's Rally Stalls Near $59 as U.S.-China Trade Jitters Return - Bloomberg

Oil's Rally Stalls Near $59 as U.S.-China Trade Jitters Return - Bloomberg:Oil’s rally stuttered as uncertainty over the status of trade negotiations between the U.S. and China stoked concerns over global economic growth.Futures for May were little changed in New York after dropping as much as 0.4 percent. China was said to be pushing back against American demands, raising speculation that trade tensions between the world’s biggest economies will persist. Still, the price drop was cushioned by a...
Tags: Travel, New York, China, Russia, Opec, Iran, Venezuela, American Petroleum Institute, Rupert Neil Bumfrey, U S China Trade Jitters Return Bloomberg


Oil edges up on ongoing supply cuts, but slowing economy drags

Oil prices edged up on Wednesday, supported by ongoing supply cuts led by producer club OPEC and U.S. sanctions against Iran and Venezuela, although gains were limited by concerns over economic growth.
Tags: Money, Opec, Iran, businessNews, Venezuela


Oil prices pressured by economic slowdown, but OPEC cuts support

Oil prices were on Wednesday weighed down by economic growth concerns that dampened the outlook for fuel consumption, but supported by voluntary supply cuts led by producer club OPEC and by U.S. sanctions against Iran and Venezuela.
Tags: Money, Opec, Iran, businessNews


OPEC Must Dig Deeper to Trim Stockpiles: Oil Strategy - Bloomberg

OPEC Must Dig Deeper to Trim Stockpiles: Oil Strategy - Bloomberg:OPEC members have done just about enough to bring oil production into line with the world’s need for their crude in 2019, but they will have to keep the restraint going throughout the year, just to prevent stockpiles from rising. To drain them further, as Saudi Energy Minister Khalid Al-Falih believes they must, they still need to do more.A committee of the most influential members in the 24-nation alliance of OPEC and non-OPEC co...
Tags: Travel, Opec, Baku, Organization of Petroleum Exporting Countries, Khalid al Falih, Rupert Neil Bumfrey, Oil Strategy Bloomberg


Oil holds near 2019 highs ahead of official U.S weekly data | Reuters

Oil holds near 2019 highs ahead of official U.S weekly data | Reuters:Oil prices held close to four-month highs on Tuesday on expectations that OPEC would continue production cuts through the end of the year and ahead of official weekly U.S. crude inventory data.Brent crude oil futures settled 7 cents higher at $67.61 a barrel, the global benchmark’s highest settlement since November 2018.U.S. West Texas Intermediate (WTI) futures touched its highest since November at $59.57 a barrel but finishe...
Tags: Travel, Opec, Reuters, U S West Texas Intermediate WTI, Rupert Neil Bumfrey


Oil holds near 2019 highs ahead of official U.S. weekly data

Oil prices held close to four-month highs on Tuesday on expectations that OPEC would continue production cuts through the end of the year and ahead of official weekly U.S. crude inventory data.
Tags: Money, Opec, businessNews


Oil holds around 2019 highs ahead of U.S. weekly data

Oil prices were largely steady around four-month highs on Tuesday on expectations that OPEC would continue production cuts till the end of the year, and ahead of weekly U.S. data that was forecast to show a build in crude stocks.
Tags: Money, Opec, businessNews


Oil prices touch 2019 highs, supported by OPEC

Oil prices were little changed after hitting 2019 highs on Tuesday, maintaining recent strength on the back of expectations for OPEC to continue production cuts.
Tags: Money, Opec, businessNews


Oil prices hit 2019 highs on OPEC cuts and U.S. sanctions

Oil prices rose to new 2019 highs on Tuesday, supported by OPEC supply cuts and falling output from Iran and Venezuela because of U.S. sanctions.
Tags: Money, Opec, Iran, businessNews, Venezuela


Oil prices rise to 2019 highs on OPEC cuts, U.S. sanctions

Oil prices rose to new 2019 highs on Tuesday, supported by supply cuts from OPEC and falling output from Iran and Venezuela due to U.S. sanctions.
Tags: Money, Opec, Iran, businessNews, Venezuela


Oil prices hover close to 2019 highs on OPEC output cuts, U.S. sanctions | Reuters

Oil prices hover close to 2019 highs on OPEC output cuts, U.S. sanctions | Reuters:Oil prices were near 2019 highs on Tuesday, supported by supply cuts led by producer club OPEC.U.S. sanctions against oil producers Iran and Venezuela are also boosting prices, although traders said the market may be capped by rising U.S. output.U.S. West Texas Intermediate (WTI) futures were at $59.14 per barrel at 0746 GMT, up 5 cents from their last settlement and close to the 2019 high of $59.23 reached the pr...
Tags: Travel, Opec, Iran, Venezuela, Reuters, U S West Texas Intermediate WTI, Rupert Neil Bumfrey


RPT-COLUMN-Hedge funds pause oil buying as fresh doubts about the economy surface: Kemp | Reuters

RPT-COLUMN-Hedge funds pause oil buying as fresh doubts about the economy surface: Kemp | Reuters:Hedge fund managers have become more cautious about buying oil since the end of February as doubts about the global economy resurface, dampening expected price rises from OPEC-led production cuts and U.S. sanctions on Iran and Venezuela. Front-month Brent futures prices were steady in the last week of February and the first part of March, giving funds little incentive to continue buying in the short...
Tags: Travel, Opec, Iran, Reuters, Kemp, Rupert Neil Bumfrey, Venezuela Front


Oil prices hover close to 2019 highs on OPEC output cuts, U.S. sanctions

Oil prices were near 2019 highs on Tuesday, supported by supply cuts led by producer club OPEC.
Tags: Money, Opec, businessNews


Oil near 2019 highs on OPEC supply cuts, U.S. sanctions

Oil prices were near 2019 highs on Tuesday, supported by supply cuts led by producer club OPEC.
Tags: Money, Opec, businessNews


Oil hovers near 2019 highs on OPEC-led supply cuts, U.S. sanctions

Oil prices hovered just below 2019 highs early on Tuesday, supported by ongoing supply cuts led by producer club OPEC.
Tags: Money, Opec, businessNews


Oil prices hover near 2019 highs as OPEC supply cuts support

Oil prices hovered just below 2019 highs early on Tuesday, supported by ongoing supply cuts led by producer club OPEC.
Tags: Money, Opec, businessNews


OPEC's Missing Meeting Shows Strain in Saudi-Russia Alliance - Bloomberg

OPEC's Missing Meeting Shows Strain in Saudi-Russia Alliance - Bloomberg:The partnership at the heart of the OPEC+ alliance showed further signs of strain after Russia pressured the Saudi-led group to delay a decision on the future of their production cuts.The unusual recommendation to cancel next month’s scheduled meeting means the group probably won’t decide whether to prolong its supply curbs until late June, just days before they expire.At talks in Baku, Azerbaijan on Monday, Russian Energy ...
Tags: Travel, Russia, Opec, Baku Azerbaijan, Khalid al Falih, Alexander Novak, Rupert Neil Bumfrey, Saudi Russia Alliance Bloomberg


Oil closes in on four-month highs on OPEC cuts, U.S. stock draw | Reuters

Oil closes in on four-month highs on OPEC cuts, U.S. stock draw | Reuters:Oil prices rose to near four-month highs on Monday, supported by the prospect of extended OPEC-led oil supply curbs and signs of inventory declines in U.S. crude stockpiles.Brent crude futures settled at $67.54 a barrel, rising 38 cents, or 0.6 percent. The international benchmark held near its 2019 peak of $68.14 reached on Thursday.U.S. West Texas Intermediate crude settled at $59.09 a barrel, adding 57 cents, or 1 perce...
Tags: Travel, Opec, Reuters, Rupert Neil Bumfrey


Oil closes in on four-month highs on OPEC cuts, U.S. stock draw

Oil prices rose to near four-month highs on Monday, supported by the prospect of extended OPEC-led oil supply curbs and signs of inventory declines in U.S. crude stockpiles.
Tags: Money, Opec, businessNews