OPEC oil output reached the highest monthly level in recent history in July, a Reuters survey found on Friday, as Saudi Arabia and other key members show no sign
Brent heads for fifth weekly fall in a row.
Oil prices fell on Friday as concern over global oversupply intensified after oil producers' cartel OPEC indicated
Options show oil more likely to fall in 2015; market readjusting to expectation of long-term glut.
OPEC policymakers seem confident in a sustained recovery of
OPEC expects increasing oil demand to prevent a further fall in prices and sees a more balanced market in 2016, its secretary-general said on Thursday, the latest
U.S. crude stocks down sharply; weekly U.S. production falls.
Oil prices rose on Thursday after a larger-than-expected draw in U.S. crude and gasoline stocks and figures showing a decline in U.
Suez Canal Authority (SCA) chairman Mohab Mamish officially called on international maritime navigation lines to use the New Suez Canal, scheduled to be inaugurated August 6.
OPEC oversupply 3 million bpd in Q2 - Reuters survey.
Oil prices fell for a sixth day on Wednesday, marking their longest string of losses in a year, as worsening
Egypt plans to allow smaller vessels in the Mediterranean direct access to East Port Said around the clock instead of just eight hours a day by building a side channel near the Suez Canal,
The Republican chairman of the U.S. House of Representatives Foreign Affairs Committee said on Tuesday the Iran nuclear deal gives Iran a "cash bonanza" while weakening
DP World Chairman Sultan Ahmed Bin Sulayem announced the start of construction work on a brand new container terminal at Jebel Ali Port, Dubai.
Phase 1 of the
United Arab Shipping Company (UASC) announced the appointment of Dr. Nabeel Al-Amudi as the new Chairman of the Company’s Board of Directors, and Sheikh Ali bin Jassim bin Mohammad Al-Thani,
Hedge funds are more bearish about the outlook for U.S. oil prices than at any time for almost five years, according to data from the U.S. Commodity Futures Trading Commission.
Chinese stocks fall 8 pct on Monday on growth worries; Brent falls to four-month low of $53.63 a barrel.
Oil hit four-month lows on Monday after a steep drop
Asian liquefied natural gas (LNG) spot prices for September delivery were higher on Friday supported by nearby demand from new importers including Jordan and Pakistan, traders said.
Weak China PMI survey dents oil demand outlook; seasonal demand in U.S. has limited downside this week.
Oil prices hovered near four-month lows on Friday after
The death toll from a boat collision on Egypt's Nile river Wednesday has risen to 31, a ministry of health spokesperson told Reuters on Friday.
The accident occurred on the Nile near Giza,
Up to 40 African migrants were feared drowned after their inflatable boat sank near the Libyan coast, survivors told the United Nations refugee agency on Thursday after reaching Italy.
As traders speculate over what type of oil is being kept by Iran in floating storage, two Iranian oil officials said on Thursday that the oil was condensate and fuel oil.
An infographic examining the laden VLCCs owned by Iran has been generated by online ship intelligence and information service VesselValue.com.
Iran stands at
South Africa's four crude oil refineries are holding off any resumption of imports from Iran, where sanctions are yet to unravel fully following a nuclear deal between Tehran and the West,