By Henning Gloystein SINGAPORE (Reuters) – Oil prices dipped on Thursday, dragged down by weakening factory output in China and Japan and record U.S. crude output, although markets remained relatively well supported by supply cuts led by producer club OPEC. International Brent crude futures were at $66.20 per barrel at 0525 GMT, down 19 cents, […]

By Amanda Cooper LONDON (Reuters) – Brent oil prices rose on Wednesday, after top exporter Saudi Arabia said it would cut crude exports and deliver an even deeper cut to its production, while U.S. futures gained on a decline in domestic oil inventories. Brent crude futures rose 88 cents to $63.30 a barrel by 0950 […]

By Noah Browning LONDON (Reuters) – Oil prices gained about 1 percent on Tuesday, supported by OPEC-led production cuts and U.S. sanctions against Iran and Venezuela, though remain wary of surging U.S. output and the outcome of U.S.-China trade talks. Brent crude futures were up 61 cents at $62.12 a barrel and U.S. West Texas […]

By Noah Browning LONDON (Reuters) – Oil prices edged up on Tuesday, buoyed by expectations of tightening global supply due to U.S. sanctions on Venezuela and production cuts led by OPEC. But disappointing U.S. factory data weighed on the market, which on Monday saw U.S. West Texas Intermediate (WTI) and Brent crude reach 2019 highs, […]

By Henning Gloystein SINGAPORE (Reuters) – Oil prices rose to their highest so far this year on Monday as OPEC-led supply cuts and U.S. sanctions against Venezuela’s petroleum industry tightened markets. International Brent crude oil futures climbed to a 2019 high of $63.37 per barrel around 0800 GMT after already rising by 3 percent the […]

By Henning Gloystein SINGAPORE (Reuters) – Oil prices held steady on Wednesday, supported by concerns about supply disruptions following U.S. sanctions on Venezuela’s oil industry but pegged back by a darkening outlook for the global economy. U.S. West Texas Intermediate (WTI) crude futures were at $53.30 per barrel at 0748 GMT, virtually unchanged from their […]

By Bate Felix and Wendell Roelf PARIS/CAPE TOWN (Reuters) – Total is launching its biggest exploration campaign for years in 2019 as part of a turnaround plan that is ditching the company’s focus on risky long-shots in favor of areas known to contain commercial levels of oil or gas. The French major aims to drill […]

By Henning Gloystein SINGAPORE (Reuters) – Oil prices rose on Tuesday after Washington imposed sanctions on Venezuelan state-owned oil firm PDVSA a step that may curb the OPEC member’s crude exports to the United States. Despite the move, which comes as the U.S government looks to pile pressure on President Nicolas Maduro to step down, […]

By Henning Gloystein and Roslan Khasawneh SINGAPORE (Reuters) – Oil prices fell 1 percent on Monday after U.S. companies added rigs for the first time this year, a signal that crude output may rise further, and as China, the world’s second-largest oil user, reported additional signs of an economic slowdown. International Brent crude oil futures […]

By Henning Gloystein SYDNEY/SINGAPORE (Reuters) – Oil prices rose on Friday as turmoil in Venezuela triggered concerns that its crude exports could soon be disrupted. Washington on Thursday signaled it could impose sanctions on Venezuela’s oil exports as Caracas descends further into political and economic turmoil. Brent crude oil futures were at $61.62 a barrel […]