Oil price

Goldman Sachs raises 12-month Brent forecast to $100 a barrel from $93

Opec+ is not aiming for price control through its output cuts, but less volatility in the market, Saudi Arabia’s energy minister says

China's central bank trimmed the reserve requirement ratio for financial institutions for the second time this year

The deal enables world's largest oil exporting company to enter South American fuels and lubricants retail market

US Consumer Price Index rose by 0.6% last month, outpacing July's increase of 0.2%

Futures jumped nearly 2% on Tuesday after Opec and EIA forecast tighter crude supplies in the second half of the year

Libya has closed four major oil ports after Storm Daniel caused devastating floods in the country

Both benchmarks surged this week after Saudi Arabia and Russia said they would extend supply cuts

US crude stocks, an indicator of fuel demand, fell by 5.5 million barrels last week

Services activity in the Asian country grew at the slowest pace in eight months in August because of weak demand

Brent broke losing streak last week with 4.8 per cent gain

The market responded positively to the US jobs report, which is seen as a signal that the Fed would hit pause on interest rate rises

Russia does not rule out extending its voluntary cut on crude exports until October, Deputy Prime Minister Alexander Novak says

Hurricane Idalia, forecast to reach Category 4 intensity, is expected to make landfall in Florida on Wednesday

Accelerating energy transition should also be a priority for countries

The US is in talks with Venezuela to explore a temporary lifting of sanctions

Iran plans to keep raising its oil production amid cooling tensions with the US

Iraq and Turkey are set to discuss resuming exports through the Ceyhan oil terminal

UBS raised its oil price forecast for the year as Saudi Arabia and Russia imposed additional supply cuts

Global demand has reached record as supply cuts tighten the markets, IEA says