'Landmark' deal to cut oil output led to stability: Al-Sada

'Landmark' deal to cut oil output led to stability: Al-Sada

“Now, we have a healthy, nearly balanced market with a win-win situation for all,” HE the Minister of Energy and Industry Dr Mohamed bin Saleh al-Sada said.

Brent oil holds above $60 on expected output cut extension

Brent oil holds above $60 on expected output cut extension

Brent crude futures were down 1 cent to $60.43 per barrel at 11:42 am EDT, and yet the benchmark was still close to its highest level since July 2015.

Brent hits $60 a barrel on support for deal extension

Brent hits $60 a barrel on support for deal extension

Brent rose 59 cents to $58.89 a barrel by 10:51 a.m. ET (1451 GMT), after rising to a session high of $60.08, the highest since July 2015 and more than 35% above its 2017 lows touched in June.

Oil rises as tighter US market outweighs Opec supply

Oil rises as tighter US market outweighs Opec supply

Oil prices rose on Thursday, with signs of a tightening US market spurring cautious buying by investors despite high crude supplies from producer club Opec.

Oil hovers near 8-week highs on lower US inventories

Oil hovers near 8-week highs on lower US inventories

Oil prices held just below eight-week highs on Thursday, supported by a steeper-than-expected decline in US crude inventories that boosted expectations of a shift to a more balanced market.

Qatar oil production up marginally to 615,000 bpd in April: QNB

Qatar oil production up marginally to 615,000 bpd in April: QNB

Qatar oil production increased to 615,000 bpd in April from 610,000 bpd the previous month, QNB’s new data showed.

Oil prices rise as Opec cuts output as promised

Oil prices rise as Opec cuts output as promised

Oil prices rose on Tuesday after news Opec oil production has fallen by more than 1mn bpd this month, pointing to a strong start by the exporter group in implementing its first supply cut deal in eight years.

Brent oil price hits highest level in a year

Brent oil price hits highest level in a year

Brent North Sea crude rose to $53.45 a barrel on Monday -- its highest price in a year after President Vladimir Putin indicated Russia was ready to join measures to limit global oil production.

Oil faces big monthly loss as oversupply bites

Oil faces big monthly loss as oversupply bites

Oil prices fell to their lowest levels since April on Friday, with Brent on track for its biggest monthly loss since December 2015, pressured by slowing economic growth.

Oil bounces off 2-month lows but faces sharp weekly loss

Oil bounces off 2-month lows but faces sharp weekly loss

Crude prices bounced back on Friday from two-month lows hit in the previous session, but benchmark Brent was in line for its largest weekly decline since January as bearish economic indicators weighed on oil.

Oil prices dive as Britain votes to leave EU

Oil prices dive as Britain votes to leave EU

Oil prices slumped by more than 6% on Friday after Britain voted to leave the European Union in a landmark referendum, causing huge market uncertainty and fracturing European efforts to forge greater unity.

Oil hits fresh 2016 highs as US crude stocks fall

Oil hits fresh 2016 highs as US crude stocks fall

Oil prices edged up to fresh 2016 highs on Thursday, buoyed by a fall in US crude inventories, a weaker dollar and strong demand, although some analysts warned that the recent rally was starting to look overblown.