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Oil prices stabilize as Russia joins OPEC in production cut

SINGAPORE: Oil steadied on Wednesday as Russia joined OPEC in cutting production to try to balance the market, although plentiful supply in places such...

Asia stocks at one-week highs on US gains; oil up

HONG KONG: Asian stocks struck one-week highs with investors undeterred by a powerful earthquake in Japan on Tuesday, but after Wall Street closed at...

Oil prices drop as Iraq says doesn’t want to join OPEC cut

SINGAPORE: Oil prices fell early on Monday as Iraq said it wanted to be exempt from any deal by producer cartel OPEC to cut...

Oil falls as Iran, Libya output rises hit OPEC deal momentum

LONDON: Oil prices fell nearly one percent on Tuesday on news that Iran and Libya have continued to increase production, overshadowing an OPEC agreement...

Oil prices drop as growing supplies stoke glut concerns

LONDON: Oil prices fell more than 1 percent on Friday as news of rising Iranian exports and returning supplies from Libya and Nigeria following interruptions fueled concerns that the global glut will persist.

World oil prices rise on Putin remarks

NEW YORK: Oil futures rose on Friday following remarks from Russian President Vladimir Putin, who said he believed Russia and other producing nations should freeze output to stabilize long-suffering oil prices.

Oil prices fall as oversupply still weighs on market

LONDON: Oil prices fell on Monday morning, reversing earlier gains, as increases in OPEC production and U.S. oil rig additions continued to weigh on the market.

Brent crude oil holds above $50 after OPEC meeting

SINGAPORE: Brent oil prices held around $50 a barrel on Friday following an OPEC meeting that failed to agree on output targets, but which was seen as supportive as Saudi Arabia pledged not to flood the market with more fuel.

Oil prices dip after latest surge

SINGAPORE: Oil prices dipped in Asia Wednesday after the previous day's rally as Canadian oil companies prepare to restart production after being closed by huge wildfires.

Oil prices higher as Canada fire forces more ouput cutbacks

NEW YORK: Crude prices ticked higher Friday as Canadian oil sands producers cut back more output due to the massive Canadian wildfire surround Fort McMurray, Alberta.

Oil prices rise on lower US rig numbers

SINGAPORE: Oil prices edged up in Asia on Monday, recovering slightly from last week's decline, but analysts said traders would likely delay any big moves until next month's meeting of key producers.

Oil prices dip as market reacts calmly to Brussels attacks

SINGAPORE: Oil prices eased Wednesday as traders reacted calmly to the Brussels attacks and kept their eye on global oversupply ahead of a crucial producers' meeting in Qatar next month.

Oil prices above $41 as OPEC predicts ‘moderate’ rebound

SINGAPORE: Oil prices resumed their rise in Asia on Tuesday, staying above $41 a barrel, as OPEC raised hopes of a moderate rebound and announced a meeting of key producers in April.

Oil prices extend losses in Asia

SINGAPORE: Oil prices fell further in Asia Wednesday after OPEC kingpin Saudi Arabia shut the door on an output cut to ease the global crude supply glut, touting only a freeze in production.

Oil prices recover ahead of Iran-Iraq talks

SINGAPORE: Crude prices recovered in Asia Wednesday ahead of a meeting between the Iranian and Iraqi oil ministers following a Saudi Arabia-Russia agreement to freeze output.

Oil gives up gains as Iran loads shipment for Europe

SINGAPORE CITY: Oil prices turned lower again Monday as Iran prepared to ship its first consignment of the commodity since sanctions were lifted, reigniting worries over a global supply glut.

Oil prices up in Asia, analysts temper hopes on Russia-OPEC talks

SINGAPORE: Oil extended a recent rally in Asia Friday, boosted by weakness in the dollar and Russia saying it could meet the OPEC producers' group for talks on possible output cuts to ease a painful supply glut.

Oil prices resume slide in Asia

SINGAPORE: Oil prices resumed their slide in Asia Wednesday as long-running concerns over the saturated market overshadowed talk of possible coordination between some major producers to slash output.

Crude back below $30 as prices extend losses

SINGAPORE: Crude fell back below $30 a barrel in Asia Tuesday as worries about the global supply glut returned to the fore, following a two-day rebound.

Gulf stocks rebound on oil price, global shares rally

KUWAIT CITY: Stock markets in the energy-rich Gulf states rebounded on Sunday, the first trading day of the Islamic week, after a rally in oil and global share prices.
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