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LATEST Commodities  

Oil falls as signs of US output rise overshadow OPEC-led cuts

23 Jan 2017 /  Karolin Schaps, Reuters  
Speculators raise net long Brent positions on ICE. Equatorial Guinea has applied for OPEC membership - minister.

OPEC sees smaller oil glut in 2017

18 Jan 2017 /  Alex Lawler, Reuters  
But flags US shale recovery.

Oil’s surprise strength is speeding OPEC goal: Saudi Arabia

18 Jan 2017 /  Javier Blas, Bloomberg  
The market is re-balancing as demand proves unexpectedly robust: energy minister.

Brexit and Trump send gold on a January winning streak

17 Jan 2017 /  Thomas Seal and Ranjeetha Pakiam, Bloomberg  
...evidence that investors are pricing in a rocky year ahead.

Oil trades near $52

16 Jan 2017 /  Grant Smith and Ben Sharples, Bloomberg  
As Saudis see no need to extend supply cuts.

Gold surges above $1,200

12 Jan 2017 /  Eddie van der Walt, Bloomberg  
As details-shy Trump weighs on dollar.

Oil holds biggest gain in six weeks

12 Jan 2017 /  Ben Sharples and Grant Smith, Bloomberg  
On record US refinery runs.

$50 oil won’t cut it for producers: UAE

12 Jan 2017 /  Mahmoud Habboush, Anthony DiPaola and Sam Wilkin, Bloomberg   1
Crude oil at $50 a barrel is too low for most producing countries, according to United Arab Emirates Energy Minister Suhail Al Mazrouei. Prices have climbed almost 20 percent to above $50 a barrel since the Nov. 30 agreement by the Organization of Petroleum Exporting Countries to cut production for the first time in eight

If Africa’s serious about free trade, it must act fast and differently

11 Jan 2017 /  Samuel Oloruntoba and Chris Changwe Nshimbi   2
A free trade area could start transforming countries from commodity-export dependence to manufactured products.

Iraq cuts oil production by 160,000 bpd under OPEC deal

10 Jan 2017 /  Ahmed Rasheed and John Davison, Reuters  
OPEC agreed in November to cut output by 1.2 million bpd from January 2017 to support prices.

Africa may push OPEC back to the drawing board in 2017

3 Jan 2017 /  Julian Lee, Bloomberg Gadfly  
Stockpiles look set to shrink.

Oil makes biggest annual gain since 2009

31 Dec 2016 /  David Wethe and Rakteem Katakey, Bloomberg  
Before OPEC supply cuts.

Oil holds OPEC-driven rally

13 Dec 2016 /  Ben Sharples and Grant Smith, Bloomberg  
As focus shifts to US stockpiles.

Oil jumps 8% as OPEC fianalises production cut deal

UPDATE
30 Nov 2016 /  Jessica Resnick-Ault, Reuters  
First production cut since 2008.

OPEC in first joint oil cut with Russia since 2001

30 Nov 2016 /  Ahmad Ghaddar, Alex Lawler and Rania El Gamal, Reuters  
Saudis take 'big hit'
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