United States

Christopher Johnson

UPDATE 6-Oil falls below $60 a barrel as inventories stay high

7:26am EST

* OPEC says has offset drop in sanctions-hit Iran exports (Recasts throughout)

Oil rises as investors anticipate OPEC production cuts

Dec 04 2018

LONDON Oil prices rose on Tuesday, extending gains ahead of expected output cuts by producer cartel OPEC and a reduction in Canadian supply.

CORRECTED-UPDATE 7-Oil slips as U.S. sanctions on Iran begin, Tehran defiant

Nov 05 2018

* U.S., Russia, Saudi output rises: https://tmsnrt.rs/2Rua0R8

UPDATE 3-Oil prices rise on Saudi tensions; demand outlook drags

Oct 15 2018

* IEA cuts forecasts for oil consumption and demand for OPEC crude

World oil market 'adequately supplied for now': IEA

Oct 12 2018

LONDON Oil markets look "adequately supplied for now" after a big production increase in the last six months, but the industry is coming under strain, the West's energy watchdog said on Friday.

IEA sees world oil market "adequately supplied"

Oct 12 2018

* Oil demand estimates cut for 2018 and 2019 by 0.11 mln bpd - IEA

Oil extends losses as markets fall, inventories climb

Oct 11 2018

LONDON Oil prices slumped to two-week lows on Thursday as global stock markets fell, with investor sentiment made more bearish by an industry report showing U.S. crude inventories rising more than expected.

Oil rises as U.S. sanctions on Iran tighten supply

Sep 28 2018

LONDON Oil prices rose on Friday as U.S. sanctions on Tehran squeezed Iranian crude exports, tightening supply even as other key exporters increased production.

RPT-UPDATE 4-Oil jumps 2 pct as market tightens, more gains seen

Sep 24 2018

LONDON, Sept 24 Oil prices rose 2 percent on Monday as U.S. sanctions restricted Iranian crude exports, tightening global supply, with some traders forecasting a spike in crude to as much as $100 per barrel.

Now near 100 million bpd, when will oil demand peak?

Sep 20 2018

LONDON Sometime in the next few weeks, global oil consumption will reach 100 million barrels per day (bpd) - more than twice what it was 50 years ago - and it shows no immediate sign of falling.

World News

U.S. Senate hands Trump historic rebuke on Saudi Arabia

The U.S. Senate delivered a rare double rebuke to President Donald Trump on Saudi Arabia on Thursday, voting to end U.S. military support for the war in Yemen and blame the Saudi crown prince for the murder of journalist Jamal Khashoggi.