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Saudi government preparing a big investments in the U.S

Saudi government preparing a big investments in the U.S picture-12763-310x165

Officials said earlier that many of the agreements would flesh out previously announced plans. © Thomson Reuters 2017 National oil giant Saudi Aramco expects to sign $50 billion of deals with U.S. companies on Saturday, part of a drive to diversify the kingdom’s economy beyond oil exports, Aramco’s chief executive …

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U.S. drillers added oil rigs for the 17th straight week

U.S. drillers added oil rigs for the 17th straight week picture-12714-310x165

Oil prices settled slightly higher on Friday as lower U.S. crude inventories and increasing support for continued OPEC-led production cuts inspired hope that the global supply glut can be reduced. “Owing to the rapid recovery in U.S. oil production, OPEC obviously only has limited influence on prices via supply curbs,” …

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OPEC members agreed to cut 1.2 million barrels a day

OPEC members agreed to cut 1.2 million barrels a day picture-12715-310x165

The OPEC agreement was supported by 11 non-OPEC states, which joined the deal by promising to jointly reduce oil output by 558,000 barrels per day. “Of course, we discussed these issues with our companies, prior to the meeting with my counterpart, the Saudi Arabian [energy] minister. The OPEC has already …

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Oil prices fell through technical price support levels

Brent crude oil rose 3.7% in sterling terms over the week to 11 May, according to our exclusive Accumulator table (link below). To continue access the Accumulator table, please sign in or register. The commodity’s rally helped emerging markets. Oil enjoyed a strong week, buoyed by a report that showed …

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USA light crude oil was $1.81 higher at $47.69 a barrel

USA light crude oil was $1.81 higher at $47.69 a barrel picture-12672-310x165

The bullish inventories report, came a day after crude prices dropped 1%, after EIA raised its near-term outlook for USA oil production and revised down its projections for oil prices. USA light crude oil was $1.81 higher at $47.69 a barrel. Oil prices rose on Thursday, and Brent was firmly …

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Brent crude oil rose 3.7% in sterling terms over the week

Brent crude oil rose 3.7% in sterling terms over the week picture-12690-300x165

Brent crude oil rose 3.7% in sterling terms over the week to 11 May, according to our exclusive Accumulator table (link below). To continue access the Accumulator table, please sign in or register. The commodity’s rally helped emerging markets. Oil enjoyed a strong week, buoyed by a report that showed …

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