oil

OPEC+ agreed last week to extend their supply cut deal until March 2020

US-China trade war has dampened prospects for global economic growth and oil demand

As the move by British Royal Marines escalates a confrontation between Iran and the West

Iran condemned the detention of the tanker as an "illegal interception"

Accuses it of acting at the bidding of the United States

As the Iran-linked group yet again steps up attacks on the kingdom

Markets remain unmoved by detention of supertanker by British Royal Marines in Gibraltar

Carrying crude oil to the middle eastern nation is in violation of EU sanctions in force since late 2011

OPEC+ decision to extend output cuts is not enough to counter investors' concerns

Agreement reached in wake of fears about weaker global demand due to US-China spat

Iran joins top producers in supporting policy aimed at propping up crude price

Putin says the deal will be extended in its current form and with the same volumes

A day ago, prices rose more than 2%, hit their highest in about a month

Saudi Aramco says its spare capacity of 12m bpd is sufficient to meet customers' needs

Washington is set to announce new sanctions on Tehran

Forces residents to shelter in place for hours and causes gasoline prices to rise

Prices continue to spike on back of growing tensions in Middle East after Iran shot down US drone

Ankara says its abiding by international law by drilling inside its continental shelf

Brent crude, the global benchmark, was up $1.40 at $63.22 a barrel at 1035 GMT

Expectations of Fed slashing interest rates, drop in US crude stocks also lend support

After weeks of swelling, US crude stocks fall by 812,000 barrels last week

Middle East tensions after last week's tanker attacks cap losses

Attacks on two oil tankers in Gulf of Oman this week give prices floor

Incident followed last month's sabotage attacks on vessels off Fujairah emirate

US Energy Information Administration cuts forecast for 2019 world oil demand growth

Russia says it might support an extension in OPEC-led supply cuts

US withdrawal of tariff threat against Mexico removed cloud over global economy

Falih told conference $60 a barrel was too low to encourage investment in industry

Get some support after Riyadh says consensus is emerging about extending supply cuts

Riyadh indicates OPEC+ will continue managing global crude supplies to avoid surplus

Calls on OIC members to confront Iran's "criminal acts" after oil tanker attacks

Brent futures are heading for 10% slide in May and WTI for 13% drop

After Trump's national security advisor said Iran was "almost certainly" behind the May 12 sabotage of four ships

Chinese diplomat ramps up rhetoric by comparing actions from the US to economic terrorism

Amid increasing tensions between Washington and Tehran

OPEC output cuts and political tensions in Middle East, however, offer some support

Investors remain concerned that the trade war between the United States and China

Investors remain concerned that trade war can dent fuel consumption

Supply cuts have helped Brent crude rise by 29% this year

Oil and gas exploration should also be opened to local entrepreneurs

Tensions increased between Iran, US following attack on oil tankers in Gulf region that Washington blamed on Tehran

Becoming the latest country to grudgingly comply with threatened US sanctions

Brent is set for its biggest weekly fall in 12 weeks and WTI in 15 weeks

Iran says it will resist US pressure, declining talks under current circumstances

UAE energy minister says producers are capable of filling any market gap

Days after attacks against tankers in Gulf waters and the bombing of a Saudi pipeline in Yemen

Saudi foreign minister says Riyadh does not want to go to war with Tehran

17th attempt to find hydrocarbons off the shore of country proves futile

Countries supporting the aggressor forces in Yemen share responsibility says foreign ministry spokesperson

As an attack on four ships highlights the importance of the multi-purpose port on the Eastern seaboard