Higher oil prices to spur Farnborough jet orders: IBA
Global planemakers could reap 900 orders and commitments at next week’s Farnborough Airshow, down only slightly from last year’s comparable event, as strong oil prices prompt airlines to add to their bulging order books, aviation consultancy IBA Group said.
Brent crude firms on drop in U.S. oil inventories, Iran threat
Brent oil rose on Wednesday, driven higher by a threat from an Iranian commander and a drop in U.S. crude inventories for the second week in a row.
Iran to Trump: oil will cost $100 per barrel, and it is your fault
Oil will soon cost $100 per barrel due to supply disruptions caused by U.S. President Donald Trump, Iran’s OPEC Governor told Reuters on Thursday, as he warned expectations that Saudi Arabia and Russia would help bring down prices were in vain.
Trump to OPEC: 'Reduce pricing now!'
U.S. President Donald Trump again accused the Organization of the Petroleum Exporting Countries of driving gasoline prices higher on Wednesday and urged the oil producer group to do more.
Oil falls as OPEC output rises, more production planned
Oil futures fell Monday as supplies from Saudi Arabia and Russia rose while economic growth stumbled in Asia amid escalating trade disputes with the United States.
Trump says Saudis must compensate for drop in Iran oil supply
President Donald Trump lashed out at OPEC with a warning to stop manipulating oil markets and piled pressure on U.S. ally Saudi Arabia to raise supplies to compensate for lower exports from Iran.
Saudi king said will boost oil output if needed: White House
The leader of Saudi Arabia promised President Donald Trump that he can raise oil production if needed and the country has 2 million barrels per day of spare capacity, the White House said on Saturday, rowing back on an earlier Trump tweet that appeared to suggest the Saudis had agreed to boost output by that amount.
Stocks sputter globally as investors shed optimism, oil caps losses
A modest global rally in stocks on Wednesday spurred by a newly unveiled U.S. plan that takes a less confrontational approach to curbing Chinese acquisitions of American technology faded as investors shed optimism, but strong gains in oil limited losses.
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