OPEC

IBTimes Logo

Oil turns positive on Libya, Japan uncertainty

Oil prices turned positive on Tuesday as Gaddafi's troops halted a rebel advance, raising doubts among investors over how quickly the conflict in OPEC member Libya could be resolved.

Oil down on Libya, Japan uncertainty

IBTimes Logo
Oil prices slipped on Tuesday for a third consecutive day as rebels and government troops battled for supremacy in Libya and more bad news from Japan's stricken nuclear plant sapped investor confidence.
IBTimes Logo

Brent falls 3rd day as Libyan rebels advance

Brent crude fell for a third day running on Tuesday as Libyan rebels gained ground against embattled leader Muammar Gaddafi, boosting expectations that supplies from the nation may be restored quicker than expected.
More news
IBTimes Logo

Brent crude falls below $110 as equities drop

SINGAPORE, March 17 - Brent crude fell by as much as 1 percent on Thursday to below $110 as Japan's worsening nuclear crisis buffeted stock markets, raising questions about the impact of the earthquake on growth and energy demand.
IBTimes Logo

OPEC raises output, ready to act if needed

OPEC stuck to its view that the world has enough oil despite the loss of Libya's crude and prices of $113 a barrel, pointing to rising output from other members and a looming seasonal slowdown in demand.
IBTimes Logo

Futures edge higher as oil holds steady

Stock index futures edged higher on Wednesday as oil prices held steady after an OPEC official said the group saw no need for a meeting to discuss raising output even as turmoil in Libya continued.
IBTimes Logo

Futures edge up as oil supply fears wane

U.S. stock index futures rose on Wednesday as oil prices held steady after an OPEC official said the group saw no need for an emergency meeting to discuss raising its output even as turmoil in Libya continued.
IBTimes Logo

Euro debt concerns weigh on global stocks

Concerns about the euro zone debt crisis weighed on world stocks and lifted Portugal's yields to a new euro-era peak on Wednesday, while crude oil held steady off highs following reassurances on supply from OPEC states.
IBTimes Logo

Oil slips as OPEC mulls output

Oil prices slipped on Tuesday, with Brent falling nearly 2 percent, after Kuwait's oil minister said OPEC was considering a production boost as war-torn Libya's output remained disrupted and the region's unrest fueled concerns about more supplies being cut off.
IBTimes Logo

Oil slips on OPEC output talk, eyeing Libya

Oil prices slipped on Tuesday, with Brent falling nearly 2 percent, after Kuwait's oil minister said OPEC was considering a production boost as war-torn Libya's output remained disrupted and the region's unrest fueled concerns about more supplies being cut off.
IBTimes Logo

OPEC mulls boosting output, Iran sees no need

OPEC is in talks about boosting oil supplies, Kuwait's oil minister said on Tuesday, but many in the group remained skeptical, saying world supply is comfortable despite the loss of Libyan crude.
Traders work on the floor of the New York Stock Exchange

US stocks gain as oil retreats, banks rally

U.S. stocks advanced on Tuesday as oil prices eased to below $105 a barrel and financials rallied after Bank of America announced plans to increase dividends in the second half of the year.
IBTimes Logo

Oil falls as OPEC mulls output boost

Oil prices fell on Tuesday after Kuwait's oil minister said OPEC was considering the first official production boost in more than two years to ease anxiety about Libya's supply disruption and the potential for other disruptions in the region.
IBTimes Logo

Stocks flat as Libya turmoil continues

U.S. stocks were flat on Tuesday as continued turmoil in Libya indicated a quick resolution to the unrest in that country was not on the horizon and a drop in oil prices failed to ease investor worry about the economic recovery.
IBTimes Logo

Brent slips below $115 as OPEC discusses oil output

Oil prices fell on Tuesday, with North Sea Brent crude dropping more than $2 a barrel briefly after Kuwait's oil minister said OPEC was considering boosting production for the first time in more than two years.
IBTimes Logo

Stocks to open flat on oil uncertainty

U.S. stock index futures pointed to a flat open on Tuesday as more turmoil in Libya indicated a resolution was not close and a drop in oil prices failed to ease investor worry about the economic recovery.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.