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Oil prices increase as Saudi Arabia plans to extend supply cut deal

2017-09-11 01:00:00| Offshore Technology

Oil prices have risen after Saudi Arabia's Oil Minister Khalid al-Falih reportedly discussed extending the ongoing crude supply cut deal beyond March next year with his Venezuelan and Kazakh counterparts. 

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Oil prices decline over Hurricane Irma concerns

2017-09-07 01:00:00| Offshore Technology

Oil prices have dropped significantly over apprehensions that Hurricane Irma in the Caribbean could disrupt crude shipments in the US and on reports of an increase in Libyan crude output after weeks of interruption.

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Oil prices fall as another hurricane set to hit Caribbean coast

2017-09-06 01:00:00| Offshore Technology

Oil prices have slipped due to a lack of crude demand as several US refineries in the Gulf coast continue to remain closed after the impact of Hurricane Harvey and growing concern over Hurricane Irma, which is currently advancing towards the Caribbea

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Oil prices fall following North Koreas hydrogen bomb test

2017-09-04 01:00:00| Offshore Technology

Oil prices have dropped after reports of a powerful hydrogen bomb test conducted by North Korea prompted traders to shift their investment to gold futures, a more stable commodity.

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US oil prices set to post losses as demand falls

2017-08-31 01:00:00| Offshore Technology

US crude oil prices are set to experience the sharpest monthly losses in more than a year due to falling demand in the country after storm Harvey forced around a quarter of refineries in the country to halt production.

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