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Latest Oil Market News and Analysis for July 11

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Russia, GCC member-states highlight importance of joint efforts within OPEC+ framework

In addition, the foreign ministers agreed on the need to continue cooperation within the framework of OPEC +...…

Oil Futures Settle Lower On Demand Worries

WASHINGTON (dpa-AFX) - Crude oil prices fell on Monday as concerns about outlook for energy demand outweighed recent data showing…

Russia, Gulf top diplomats say OPEC+ efforts stabilize global oil market

...CAIRO/ MOSCOW (Reuters) - Top diplomats from Russia and the Gulf......…

UPDATE 1-Russia, Gulf top diplomats say OPEC+ efforts stabilize global oil market

...(Adds details) CAIRO/ MOSCOW, July 10 (Reuters) - Top diplomats from......…

Pemex Says 600,000 Bbl of Oil Output Capacity Recovered After Platform Fire -- OPIS

Pemex Says 600,000 Bbl of Oil Output Capacity Recovered After Platform Fire -- OPIS...…

U.S. oil futures post biggest daily percentage decline in a week

U.S. oil futures fell by more than 1% on Monday, their largest daily decline in a week, according to Dow…

Russian, Saudi foreign ministers discuss OPEC+ interaction — ministry

The meeting took place on the sidelines of the sixth round of the Russia - Gulf Cooperation Council strategic dialogue...…

Oil market to tighten with China demand and OPEC+ cuts, says IEA

...LONDON (Reuters) -Oil demand from China and developing countries... is strong," IEA chief Fatih Birol told Reuters. "Taken together......…

UPDATE 1-Oil market to tighten with China demand and OPEC+ cuts, says IEA

...(Adds details) LONDON, July 10 (Reuters) - Oil demand from China... developing countries demand is strong," IEA chief Fatih Birol told Reuters......…

Wasserknappheit: "Wasser ist das neue Öl"

Berlin, Hamburg, München - in Ballungszentren steht die Trinkwasserversorgung vor Problemen. Hitze und Dürre verschärfen Verteilungskämpfe....…

Oil refinery fire injures 8 firefighters in southern Iran

Irans official news agency says a fire erupted at an oil refinery and injured eight firefighters in the countrys south...…

Russia-Linked Oil Tanker Fleet Vanishes Even Faster Than It Grew

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IEA-Arbeitsgruppe stellt Ökobilanz zu Photovoltaik-Recycling mit heißen Messern vor

Eine Arbeitsgruppe der Internationalen Energieagentur (IEA) hat das Recycling von Photovoltaikmodulen mit Hilfe eines neuen Verfahrens untersucht. Es setzt auf…

Column-Oil investors less bearish after Saudi output cut extended: Kemp

...By John Kemp LONDON (Reuters) - Portfolio investors tip-toed back... is a Reuters market analyst. The views…

Oil prices retreat after best week in 3 months as traders await supply data

Oil futures fell on Monday after recording their largest weekly gain in three months on Friday, as traders await key…

Ölpreise geben nach

NEW YORK/LONDON (dpa-AFX) - Die Ölpreise sind am Montag schwach in die neue Woche gestartet. Gegen Mittag wurde ein Barrel…

Oil Prices Decline On China Demand Concerns, Fed Worries

WASHINGTON (dpa-AFX) - Oil prices declined on Monday amid China growth concerns and the U.S. rate hike fears. Benchmark Brent…

Rohöl- und Gold-Longs deutlich ausgeweitet - CoT-Report

Finanzinvestoren in den USA haben in der vergangenen Woche ihre Netto-Longpositionen deutlich reduziert. Vor allem bei Kupfer und Silber…

WTI Price Analysis: Retreats from over one-month top, bulls pause near 100-day SMA

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USA: Ausgerechnet erneuerbare Energien retten den Öl-Staat Texas vor dem Hitzekollaps

Der US-Bundesstaat steht vor einem Dilemma: Klimaanlagen schützen vor den ständigen Hitzewellen, gleichzeitig belasten sie das Stromnetz enorm. Wind- und…

Ölpreise zum Wochenauftakt leichter

Die Ölpreise stehen zu Wochenbeginn leicht unter Druck. Inflationsdaten aus China unterstreichen die Sorgen um die chinesische Konjunktur....…

Crude Oil Futures: Corrective decline on the cards

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Ölpreise geben zu Wochenbeginn nach

SINGAPUR (dpa-AFX) - Die Ölpreise sind am Montag schwach in die neue Woche gestartet. Am Morgen kostete ein Barrel (159…

UPDATE 1-Oil eases ahead of China, US data, but OPEC+ cuts limits slide

... and Emily Chow SINGAPORE, July 10 (Reuters) - Oil prices dipped..., a government source told Reuters on Friday. Saudi Arabias cuts......…

WTI crude oil attracts buyers near the 73.30 area

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Oil eases ahead of China, US data, but OPEC+ cuts support market

...By Florence Tan SINGAPORE (Reuters) - Oil prices dipped in early... Reuters on Friday. Saudi Arabias cuts…

Latest Oil Market News and Analysis for July 10

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Kinder Morgan oil products terminal in Pasadena, Texas, catches fire

...(Reuters) - Kinder Morgans refined oil products terminal... for Kinder Morgan said in a statement to…

UPDATE 1-Kinder Morgan oil products terminal in Pasadena, Texas, catches fire

...(Recasts with sourcing from company) July 9 (Reuters) - Kinder... to Reuters. The City of Pasadena Office of Emergency Management said......…

Russian oil discount shrinks 87% to $4/barrel as sellers game shipping, insurance to skirt G7 price cap

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Wife of Tory MP who criticised windfall tax on oil firms has £50,000 in BP shares

David Duguid opposing tax while wife is in receipt of BP dividends raises questions over potential conflict of interestRevealed: shares…

Russia oil discount to India shrinks to $4, delivery charges remain opaque

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Mexican Pemex estimates platform fire shut in 700,000 barrels of oil

...MEXICO CITY (Reuters) - Mexican oil company Pemex estimates......…

Jeddah-based ITFC signs deal to fund $1.4 billion of Bangladesh oil imports

...July 8 (Reuters) - The International Islamic Trade Finance......…

Umweltgefahr vor Jemens Küste: Bergung von Schrott-Öl-Tanker macht Fortschritte

Ein riesiges schwimmendes Öllager mit 1,1 Millionen Barrel an Bord rostet wegen des Bürgerkriegs im Jemen ohne Wartung vor sich…

Two dead, one missing after fire tears through Pemex oil platform

...MEXICO CITY, July 7 (Reuters) - Two people died and another remained......…

US to Buy 6 Million More Barrels of Oil for Emergency Reserve

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Pemex Reports Six Workers Injured in Oil Platform Fire in Gulf of Mexico -- OPIS

Pemex Reports Six Workers Injured in Oil Platform Fire in Gulf of Mexico -- OPIS...…

United States CFTC Oil NC Net Positions climbed from previous 138.4K to 141.4K

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U.S. Energy Department plans to buy about 6 million barrels of crude oil for the SPR

The U.S. Energy Department said Friday that it plans to buy about 6 million barrels of oil for the nation’s…

Oil Futures Settle Sharply Higher, End Week With Strong Gains

WASHINGTON (dpa-AFX) - Oil prices rose sharply on Friday, continuing to find support from the recent data showing a big…

U.S. looks to buy another 6 mln barrels for emergency oil stockpile this year

...July 7 (Reuters) - The U.S. Department of Energy on Friday said......…

U.S. oil ends higher for the session, tallies a nearly 5% weekly gain

U.S. oil futures finished higher on Friday, buoyed by a third straight weekly decline in U.S. crude inventories. Prices posted…

Chevron-managed tanker not involved in collision in Mideast Gulf, oil major says

...LONDON (Reuters) - The Bahamas-flagged Richmond Voyager... Chevron, told Reuters on Friday, after Iran said it…

Brent oil prices above $78/bbl — market data

WTI futures edged up by 1.83%...…

Baker Hughes data show a fourth straight weekly decline in active U.S. oil-drilling rigs

Baker Hughes BKR on Friday reported that the number of active U.S. rigs drilling for oil fell by 5 to…

UPDATE 1-US drillers add oil and gas rigs for first time in 10 weeks -Baker Hughes

...(Adds Permian rig counts in paragraphs 5-6) July 7 (Reuters) - U.S......…

Russia to take all required measures to reduce oil supplies to markets in August

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Russia confirms reduction of oil supplies by 500,000 barrels/day in August — Ministry

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