Edition:
United Kingdom

Bozorgmehr Sharafedin

UPDATE 6-Oil falls as coronavirus hits demand; OPEC+ considers deeper cuts

03 Feb 2020

* OPEC+ considering further 500,000 bpd cut to oil production (Updates prices, adds Fitch forecast, WSJ report)

Oil rises as Libya declares force majeure in oilfields

20 Jan 2020

LONDON Oil prices rose to their highest in more than a week on Monday after two large crude production bases in Libya began shutting down amid a military blockade, risking reducing crude flows from the OPEC member to a trickle.

Defying U.S. sanctions, Iran boosts gasoil sales to neighbours

16 Jan 2020

LONDON Iran is relying on its neighbouring countries to sell a surplus of gasoil it has created at home due to U.S. sanctions, trade documents and industry data showed.

UPDATE 6-Oil rises on Trump's optimism for a deal with China

12 Dec 2019

* Graphic on U.S. petroleum inventories: https://tmsnrt.rs/35DZduT (Updates prices, adds Trump's tweet)

UPDATE 5-Oil prices drop as trade war concerns haunt market

10 Dec 2019

* Gazprom Neft's CEO predicts oil prices at $55-$65 in Q1 2020 (Update prices, adds WSJ report)

Saudi delivers deeper cuts as OPEC+ oil producers back new pact

06 Dec 2019

By Shadia Nasralla, Olesya Astakhova and Bozorgmehr Sharafedin

Saudi, Russia look to seal deeper output cuts with producers

06 Dec 2019

By Shadia Nasralla, Olesya Astakhova and Bozorgmehr Sharafedin

OPEC gearing up for deeper oil cuts, Russia yet to agree

04 Dec 2019

VIENNA OPEC is gearing up to deepen oil supply cuts later this week but still needs to strike an agreement with allies such as Russia on details of a deal to support prices and prevent a glut next year.

OPEC gearing up for deeper oil cuts, Russia yet to agree

04 Dec 2019

* Oil glut looming without cuts as U.S., Brazil, Norway pump more

Oil ends mixed, pressured by U.S. tensions with China over rights bill

28 Nov 2019

LONDON Oil prices ended mixed on Thursday, with U.S. prices rebounding modestly from concerns that arose from U.S. President Donald Trump signing into law a bill backing protesters in Hong Kong, fuelling tensions with China.

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