United States

Henning Gloystein

Oil climbs 1 percent on OPEC output cut, hopes for easing China-U.S. trade tensions

3:05am EST

SINGAPORE Oil prices rose 1 percent on Friday after a report from the Organization of the Petroleum Exporting Countries (OPEC) showed its production fell sharply last month, easing fears about prolonged oversupply.

UPDATE 4-Oil prices rise 1 pct amid supply cuts, but economic slowdown dims demand outlook

Jan 15 2019

* U.S. oil production, drilling levels: https://tmsnrt.rs/2GYfhAi (Adds Japan oil imports from Iran, updates prices)

Oil prices edge up on supply cuts, but weakening economic outlook caps gains

Jan 14 2019

SINGAPORE, Jan 15 Oil prices inched up on Tuesday amid supply cuts by producer club OPEC and Russia, although the darkening economic outlook capped gains.

UPDATE 3-Oil falls by 1 pct on China trade slump, although crude imports remain high

Jan 14 2019

* Despite weak trade data, China oil imports hold above 10 mln bpd

Oil prices edge up on OPEC-led supply cuts, lower U.S. drilling activity

Jan 13 2019

SINGAPORE, Jan 14 Oil prices edged up on Monday, supported by ongoing supply cuts from producer club OPEC and Russia and by a drop in U.S. drilling activity.

UPDATE 3-Oil drops by 1 pct on U.S. supply surge, caution after U.S.-China trade talks

Jan 10 2019

* Financial markets cautiously upbeat on U.S.-China trade talks

Oil dips on swelling U.S. supply, but mood generally upbeat on trade hopes

Jan 09 2019

* U.S. fuel stocks swell, crude output at record 11.7 mln bpd -EIA

U.S. oil prices rise above $50 on trade talk hopes

Jan 08 2019

SINGAPORE, Jan 9 U.S. crude oil prices on Wednesday rose above $50 per barrel for the first time in 2019 on hopes that Washington and Beijing can resolve a trade dispute that has triggered a global economic slowdown.

UPDATE 3-Oil prices steady on trade talk hopes and OPEC cuts, but slowdown looms

Jan 08 2019

* U.S. crude output could already be above 12 mln bpd - JBC Energy

U.S. oil prices edge up on trade talk hopes, OPEC cuts

Jan 07 2019

* U.S. oil production & drilling levels: https://tmsnrt.rs/2GYfhAi

World News

U.S., North Korea to hold talks on second Trump-Kim summit

North Korea's lead negotiator in nuclear diplomacy with the United States is expected to hold talks with Secretary of State Mike Pompeo and could also meet President Donald Trump on Friday during a visit aimed at clearing the way for a second U.S.-North Korea summit.