oil

Both crude benchmarks have dropped out of ranges they were trading in Aug

Riyadh makes deepest monthly price cuts to supply for Asia in five months

Case registered against PSO administration

Head for biggest weekly drop since June on demand concerns

The South Asian island country begins towing the tanker after it began drifting towards land

Sluggish economic recovery from Covid-19 pandemic dent sentiments

Two killed, six injured in fire that erupted at an oil storage facility

US crude stocks fall by 6.4m barrels, manufacturing activity expands

US dollar falls to lowest level in over two years against basket of currencies

Brent crude set to close August with fifth successive monthly price rise

Well test shows flow of 1.6m cubic feet of gas per day

Prices shrug off US crude inventory declines, improving gasoline demand

Renewed worries about Covid-19 infections threaten further recovery in oil demand

Producers have shut more than 1.5m bpd of Gulf coast offshore oil production

Energy companies shut more than 1m bpd of offshore oil production in US Gulf of Mexico

Euro zone’s economic rebound from its deepest downturn on record stutters

Escalation in US-Iran tension and fall in crude stocks also propping up prices

Prices range bound since mid-June with Brent trading between $40-46 per barrel

US economic stimulus nowhere in sight and trade talks with China postponed

About 200 of 485 suspects in 113 cases at large

Emergence of new coronavirus hot spots places pressure on fuel demand, prices

IEA says reduced air travel will cut global oil consumption by 8.1m bpd

Riyadh is irked by criticism from Pakistan that Saudi Arabia has been lukewarm on Kashmir dispute

We need to remember that status defines critical friendships and financial clout bestows status

Stalemate in talks for US stimulus package may weigh on crude prices

Signs of recovering Asian oil demand as economies reopen also boost prices

Traders cautious due to US-China tensions, uncertainty over stimulus package

Distillate stockpiles climb to 38-year high, gasoline inventories rise for second week

OPEC+ raising output this month by adding 1.5 million bpd of supply

Positive manufacturing data in Europe, Asia caps losses

Potential hit to demand comes as OPEC+ is set to step up output in August

Demand concerns amid record increases in Covid-19 infections in some US states cap gains

US fiscal package deadlocked in talks between Democrats and Republicans

Sub-committee proposed oil pricing based on Platts average

Brent on track for fourth straight monthly gain; WTI set to rise for third month

Oil services giant Schlumberger to cut 21,000 jobs

China ordered US to close its consulate in Chengdu after US demand Beijing shut its Houston consulate

Analysts predict correction in near term if recovery in fuel demand slows further

Positive news about vaccine trials and EU stimulus deal boost prices

EU leaders showing signs of compromise over carving up €750b recovery fund

Oil tankers association calls nationwide strike against an increase in toll tax, diesel price

Oil producers’ group is to decide whether to extend output cuts or reduce them

Announcement sparks extensive buying in relevant stocks at PSX

Expects to cover lion’s share in massive projected demand spike

Markets keenly awaiting news from OPEC+ about next level of production cuts

Traders await OPEC technical meeting expected to recommend an easing of supply cuts

Saudi-led coalition fighting says it intercepted and destroyed four missiles and six explosive drones

The agreement aims to produce 39.5 million barrels of oil from the Yaran oilfield in Khuzestan

Brent set for weekly decline of almost 2%, US crude to fall about 4%

Market in holding pattern ahead of OPEC market monitoring panel meeting