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Oil prices extend losses after Saudi pledge to restore lost output
NEW YORK: Oil prices retreated about 2% on Wednesday, extending the previous day's declines after Saudi Arabia said it would quickly restore full production following last weekend's attacks on its facilities and as U.S. crude stockpiles rose unexpectedly.
Markets: Oil steps back, US Fed in focus
TOKYO: Oil prices cooled on Wednesday as Saudi Arabia said full oil production would be restored by month's end while caution ahead of an expected U.S. interest rate cut kept wider financial markets in tight ranges.
Oil extends drop as Saudi output restoration calms market fears
SINGAPORE: Oil extended its pullback, after a dizzying start to the week, on signs Saudi Arabia is restoring production following a debilitating weekend attack on key installations.
Pullback in oil prices dents oil and gas stocks
KUALA LUMPUR: Petronas Dagangan and Petronas Chemicals saw most of their previous day’s gains evaporate early Wednesday after Saudi Arabia reported it was restoring production after the weekend drone attacks.
Oil market gripped with uncertainty over lost Saudi production
Sydney: Oil markets are grappling with uncertainty over how long it will take Saudi Arabia to restore output after the devastating attacks that knocked out 5% of global crude supply.
Oil plummets 6% as Saudi minister says supplies fully restored(Update)
SINGAPORE: Oil prices extended their losses from the previous session on Wednesday, after Saudi Arabia's energy minister said the Kingdom will restore lost oil production by the end of the month.
Oil and gas stocks underpin KLCI's slight advance
KUALA LUMPUR: Blue chips started Tuesday on a firmer note, underpinned by gains in Petronas-linked stocks while Sapura Energy and Bumi Armada basked in the surge in crude oil prices.
KUALA LUMPUR: Blue chips started Tuesday on a firmer note, underpinned by gains in Petronas-linked stocks while Sapura Energy and Bumi Armada basked in the surge in crude oil prices.
Oil jumps nearly 15% in record trading after attack on Saudi facilities
NEW YORK: Oil ended nearly 15% higher on Monday, with Brent logging its biggest jump in over 30 years amid record trading volumes, after an attack on Saudi Arabian crude facilities cut the kingdom's production in half and fanned fears of retaliation in the Middle East.
Oil jumps the most ever after attack cuts Saudi Arabian supplies
GLOBAL oil prices surged the most on record after a strike on a Saudi Arabian oil facility removed about 5% of global supplies, an attack the U.S. has blamed on Iran.