Wall Street closes lower amid decline in oil prices

- Crude prices down more than 0.5 percent

home > Oil, Finance, Stock Market 05.06.2017 23:26 Sistem Kullanıcısı

Wall Street closed lower on Monday amid a decline in crude oil prices.

The Dow lost 22 points to finish trading at 21,184 while the S&P 500 was down 2 points to 2,436.

The Nasdaq decreased 10 points to end the first trading day of the new week at 6,295.

At the final bell, American benchmark West Texas Intermediate was trading at $47.29 a barrel with a 0.6 percent loss, while international benchmark Brent crude was trading at $49.48 per barrel -- a 1 percent decline.

By Ovunc Kutlu in New York

Anadolu Agency

energy@aa.com.tr

US crude oil inventories down 1.7% for week ending August 27

- Commercial crude oil stocks decrease by 7.2 million barrels, higher than market expectation of 2.8 million-barrel draw

02.09.2021 Oil , Americas

Iraqi oil facilities secure: OPEC Secretary General

- Iraq can reach 100% compliance with OPEC cuts in time despite current tensions: OPEC Secretary General says

11.03.2022 Oil , Energy Security , International Relations , Middle East-Africa

Global oil supply falls in March 2019

- OPEC crude oil production decreases by 534 thousand barrels per day to average 30.02 million barrels per day, data shows

08.01.2020 Oil , Finance , Americas , Middle East-Africa , General

Oil prices on rise with Libya tensions & supply cuts

- IMF lowering global growth forecast could keep some cap on rising crude oil prices

02.09.2021 Upstream , Energy Security , Middle East-Africa

US revises up oil price forecasts for 2019

- Energy Information Administration revises up Brent oil by $2 per barrel for this year

02.09.2021 Upstream , Stock Market , Americas

Saudi Arabia to continue with U.S. dollar in oil trade

- Trading in dollar serves well kingdom's financial and monetary policies objectives

10.04.2019 Oil , Middle East-Africa

Shell to invest $300 million to tackle carbon emissions

- Investment to focus on high quality nature-based solutions and the rebuild of critical ecosystems

09.04.2019 Oil , Europe

Oil prices mixed as Brent crude hovers around $71

- Benchmark reaches $71.34 a barrel -- its highest level this year

09.04.2019 Upstream , Energy Security , Middle East-Africa

London drivers face new emission charges

- Driving in central London just got more expensive for vehicles that are not up to new emission standards

08.04.2019 Transportation/Fuel Oil , Europe

Anadolu Agency launches energy journalism training

- Twenty reporters from Middle East, South America, Eurasia and North Africa will participate in two-week-long program

09.04.2019 Electricity , Natural Gas , Oil , Finance , Renewable , Energy Diplomacy , General

Energy demand in 2018 shows fastest growth in decade

- Global carbon emissions reached historic levels rising by 1.7 percent year on year

09.04.2019 Electricity , Oil , Americas

Brent oil above $70 a barrel with tight global supply

- The benchmark gained 31 percent since the beginning of 2019

08.04.2019 Upstream , International Organization , Americas , Middle East-Africa

Number of US oil rigs rises by 15 to 831

- Despite increase in weekly oil rig count, crude prices rise on Friday

07.04.2019 Oil , World , Americas

US issues fresh Venezuela oil sanctions

- Penalties target 2 companies, 34 vessels sanctioned

08.04.2019 Oil , Americas

Brent down slightly to $69 w/e April 5 from Wed's peak

- Global oil prices push near highest levels in 5 months on Wednesday amid tight supply and positive China, US economic data

06.04.2019 Oil , World

EC says Volkswagen, BMW, Daimler broke antitrust rules

- Europeans may have been denied the opportunity to buy cars with best available technology, EU commissioner says

06.04.2019 Transportation/Fuel Oil , Regulation , Europe

US boosts crude oil stocks and output

- Oil stocks rise by 7.2 million barrels, crude production inches forward by 100,000 barrels per day for week ending March 29

04.04.2019 Oil , Americas

Oil prices climbing towards five-month high

- Brent crude increases to $70 on Wednesday, while WTI rises to $62.85

04.04.2019 Oil , World

Iraq's oil exports up over 3 percent in March

- More than 104.6 million barrels exported last month, according to Oil Ministry

02.04.2019 Oil , Middle East-Africa , General

Global oil prices see highest levels of 2019

- Shortages from Venezuela, Iran and OPEC+ as well as drops in U.S. shale production push oil prices to new highs

03.04.2019 Oil , Americas

Brent rises to $68.44 at week beginning April 1

- Fall in U.S. oil rigs numbers to 816 in week ending March 29 pushes oil prices higher

02.04.2019 Oil , World

Number of US oil rigs falls by 8 to 816

- Following decrease in weekly oil rig count, crude prices show gains on Friday

01.04.2019 Oil , Americas

Brent surpasses $68 at week ending March 29

- OPEC supply cuts and US sanctions put upward pressure on crude oil prices, but concerns over demand limit oil gains

30.03.2019 Oil , World

Turkey's energy import bill up 2.7% in February 2019

- Total imports cost nearly $13.59 billion in February, with energy accounting for 25.32 percent

30.03.2019 Oil , Finance , Türkiye

EU sets 37.5% CO2 reduction target for new cars by 2030

- New legislation also sets a CO2 reduction target of 31 percent for new vans by 2030

29.03.2019 Transportation/Fuel Oil , Regulation , Renewable , Energy Diplomacy , Europe

Saudi Aramco to buy 70 pct stake in petrochem. firm SABIC

- Riyadh-based companies have petrochemicals production capacity of 17 and 62 million tons per year, respectively

29.03.2019 Refining/Petro Chemistry , Companies , Middle East-Africa , General

BP commits $100M to reduce greenhouse gas emissions

- Fund will support projects in group's upstream oil and gas operations

27.03.2019 Upstream , Upstream , Companies , World , General

Turkey's crude oil imports up 48.1% in January 2019

- Total oil product imports rise by 18.4 percent to 3.1 million tonnes

27.03.2019 Oil , Türkiye , General

Global energy demand hits fastest pace this decade: IEA

- Stronger heating/cooling demand leads to greater energy growth worldwide, International Energy agency report says

27.03.2019 Electricity , Natural Gas , Oil , Coal , Energy Diplomacy , World

US tells Russia it will not 'stand idly’ on Venezuela

- Secretary of State Mike Pompeo urges Moscow 'to cease its unconstructive behavior,' State Dept. says

26.03.2019 Oil , Eurasia

Geopolitical shifts play key role in energy transition

- World Economic Forum report highlights major energy events in 2018

26.03.2019 Oil , World

Indian consortium to explore Abu Dhabi Onshore Block 1

- ADNOC awards oil, gas exploration rights in large block near Ruwais refining, petrochem hub to Indian Oil & Bharat Petroleum

26.03.2019 Upstream , Upstream , Companies , Middle East-Africa , General

Brent falls to $66.44 on US recession fears on Mar. 25

- Brent crude traded $66.44 at 0712GMT on Monday, and WTI registered as $58.67 at the same time

26.03.2019 Oil , Finance , Americas , General

ADNOC inks downstream MoUs with OMV, Borealis

- Abu Dhabi National Oil Company aims to explore new collaboration opportunities in downstream sector

26.03.2019 Downstream , Refining/Petro Chemistry , Companies , Middle East-Africa , General

Brent sees fall to $66 at week ending March 22

- Brent crude traded $67.22 at 0639 GMT on Monday, and WTI registered as $58.52 at the same time

22.03.2019 Oil , World , General

Oil discoveries in SE Turkey to add $700M to economy

- Turkey discovers oil in three fields in southeastern provinces of Siirt and Diyarbakir

25.03.2019 Oil , Finance , Türkiye , General

US oil stocks fall, production up for w/e March 15

- Crude production increases by 100 thousand barrels while inventories fall by 9.6 million barrels

22.03.2019 Oil , Finance , Upstream , Downstream , Americas , General

US sanctions on Venezuela may worsen crisis: UN

- US sanctions on Venezuela may worsen South American country's economic situation, UN human rights chief warns

21.03.2019 Oil , Stock Market

Eni announces oil and gas discovery in North Sea

- Preliminary estimates place size of discovery as 63-132 thousand barrels of recoverable oil equivalent in license 869

20.03.2019 Upstream , World , General

Norway's petroleum sales decrease in February

- Country's total sales volume of petroleum products for February drops year-on-year by 7.9 percent to 558 million liters

20.03.2019 Oil , Europe , General

Vitol to acquire asphalt trading business VALT

- Company to acquire a further 50 percent of VALT, which is set to make Vitol a leader in global asphalt trade

20.03.2019 Downstream , World , General

OPEC recommends cancellation of scheduled April meeting

- JMMC schedules May meeting ahead of OPEC June meeting, in which decision is due to be taken on oil output cuts for 2H19

19.03.2019 Oil , International Organization , World

Japan's Inpex wins Abu Dhabi onshore exploration bid

- ADNOC awards Inpex Corporation oil and gas exploration rights for Abu Dhabi Onshore Block 4 in UAE

18.03.2019 Upstream , Upstream , Companies , Middle East-Africa , General

Number of US oil rigs falls by 1 to 833 w/e Mar. 15

- Despite slight drop in weekly oil rig count, oil prices fell on Friday

18.03.2019 Oil , Finance , Americas , General

Baku, Moscow mull Russian oil to Turkey's STAR refinery

- Azerbaijan's Energy Minister and Russian Energy Minister discuss supplies for $6.3 billion STAR facility in Izmir

19.03.2019 Oil , Refining/Petro Chemistry , Türkiye , Eurasia , General

Brent sees rise to $67.23 at week beginning March 18

- Losses in Venezuela and lower Saudi Arabian and Iraqi output brought OPEC's production in February to lowest in four years

19.03.2019 Oil , Finance , Americas , General

Brent sees slight rise to $66 at week ending March 15

- Supply cuts put upward pressure on crude oil prices

18.03.2019 Oil , World

Global crude output falls in February '19

- February OPEC output drops by 240 thousand barrels per day, on losses in Venezuela and lower output from Saudi Arabia & Iraq

18.03.2019 Oil , World

Oil prices seek balance with supply cuts, low demand

- Prices fluctuate with lower supply from major producers and unease over weakening global oil demand this year

15.03.2019 Oil , World

Eni makes new gas discovery in offshore Egypt

- Thirty three meters of gross sandstone pay with good petrophysical properties found in Nour-1 well

15.03.2019 Oil , Finance , Europe , Middle East-Africa , General

Global oil supply falls in Feb. '19

- OPEC crude oil production decreases by 221 thousand barrels per day to average 30.55 million barrels per day, data shows

15.03.2019 Oil , Finance , Refining/Petro Chemistry , General

US oil stocks, production fall for week ending March 8

- Crude inventories down by 3.9 million barrels, against market estimate increase of 2.6 million barrels

14.03.2019 Upstream , Refining/Petro Chemistry , Americas

BP, Environmental Defense Fund join to cut methane emissions

- Collaboration aims to reduce methane emissions across oil and gas industry

14.03.2019 Natural Gas , Oil , Companies , World , General

Oil prices up with fall in US crude stocks, production

- Decline in inventories and output alleviates some investors' worries over rising, global oversupply

15.03.2019 Upstream , Stock Market , Americas

Oil prices up as US lowers crude production estimates

- Downward revision eases worries by anticipating that glut of supply in global market will be less than previously predicted

14.03.2019 Oil

US crude exports to catch up with Saudi Arabia by 2024

- Crude exports estimated to reach 9 million barrels per day in five years, International Energy Agency says

14.03.2019 Downstream , International Organization , Americas , Middle East-Africa

US energy admin. increases Brent oil forecast for 2019

- Brent price is expected to average $63 per barrel this year, up $2 a barrel from previous month's estimate

13.03.2019 Upstream , International Organization , Americas

US: Pompeo slams nations using energy for ‘malign ends’

- US top diplomat wants to ‘punish bad actors’ in international arena, urges support for US in oil industry

13.03.2019 Oil , International Relations , Americas

Oil prices up as Iran, Venezuela production due to fall

- Two countries are expected to account for a total of 1.76 million barrels per day in lost production

13.03.2019 Upstream , Stock Market , International Organization , Americas , Middle East-Africa

Brent sees slight rise to $66.27 on Monday, Mar. 11

- Increase due to fall in number of US oil rigs

12.03.2019 Oil , Finance , Americas , Middle East-Africa , General

Norway's wealth fund seeks to divest oil, gas holdings

- Goal is to reduce vulnerability to permanent oil price decline, says finance minister

10.03.2019 Upstream , Upstream , Investments , Europe , General

Number of US oil rigs falls by 9 to 834

- Despite decrease in weekly oil rig count, crude prices slump on US job market slowdown, European growth concerns

10.03.2019 Oil , Finance , World , General

Brent sees slight fall to $65.08 at week ending Mar. 8

- Crude oil prices show slight fall on Friday with lower Eurozone growth estimates and declines in Chinese exports

09.03.2019 Oil , Americas , Middle East-Africa , General

Global oil rig count rises in February: Baker Hughes

-Total number of oil rigs worldwide rises 1.5 percent to 2,306 in February 2019 from same period last year

09.03.2019 Upstream , Americas

Oil down with weak Eurozone estimates, Chinese exports

- Chinese exports fall in February, signaling future weaker oil demand

08.03.2019 Upstream , Investments , Europe , Asia

ExxonMobil expects earnings to rise 140 percent by 2025

- Company says estimated total earnings potential has increased by around $9 billion

08.03.2019 Oil , Finance , Americas , General

Rise in oil prices limited by surge in US crude stocks

- Crude stocks in US soar by 7.1 million barrels compared to market expectation of 1.2 million barrel increase

07.03.2019 Upstream , Stock Market , Americas

US crude stocks supersede market forecast w/e March 1

- Crude inventories jump 7.1 million barrels against market estimation of 1.2 million barrels

07.03.2019 Refining/Petro Chemistry , Americas

Oman’s gas production to surpass oil by 2023: Rystad

- Country's gas share in its oil-gas mix is estimated to be over 50 percent in 2025, from around 35 percent in 2015

07.03.2019 Lng/Lpg , Upstream , Middle East-Africa

ExxonMobil, Chevron to ramp up Permian output in 5 yrs.

- Companies plan to increase output in oil-rich basin by around 1 million barrels a day each

07.03.2019 Upstream , Investments , Americas

Oil prices down as US majors plan to raise production

- US crude oil output stands at record high level of 12.1 million barrels a day

06.03.2019 Upstream , Americas

Aker Energy finds oil offshore Ghana

- Company says it will continue drilling to verify estimated volume of resources

05.03.2019 Upstream , Middle East-Africa

Oil prices down as China lowers growth forecast

- China lowers growth expectation for 2019 to between 6-6.5 percent from previous estimate of 6.5 percent

06.03.2019 Upstream , Investments , International Relations , Asia

Shell joins consortium for waste-to-chemicals facility

- Facility will be first in Europe to make chemicals and biofuels out of non-recyclable waste materials

05.03.2019 Refining/Petro Chemistry , Projects , Europe

US shale output to grow 15% in 2019 with 5% lower capex

- Shale operators aim to prioritize cost discipline over aggressive growth, Rystad Energy partner says

05.03.2019 Upstream , Investments , Americas

US biofuels trade, prod. to remain stable through 2020

- Ethanol exports have accounted for an increasing share of production since 2013, administration says

05.03.2019 Transportation/Fuel Oil , Americas

ExxonMobil to enlarge Louisiana facility's production

- Expansion is part of $20 billion investment to build manufacturing facilities in US' Gulf region

04.03.2019 Refining/Petro Chemistry , Investments , Americas

Equinor makes small oil discovery in North Sea

- Resources are estimated at between 12 and 28 million barrels of recoverable oil

04.03.2019 Oil , Europe , General

Brent increases to over $65 at week beginning March. 4

- Crude oil prices finished higher for week ending March 1 with OPEC's determination to continue cutting production

04.03.2019 Oil , Finance , General

Oil prices end week higher as OPEC sticks to cuts

- Prices recover after Trump's comment to OPEC warning of too high oil prices

03.03.2019 Oil

OPEC saved oil collapse, US stopped chaos: Barkindo

- "Decisions that OPEC took literally rescued this industry from total collapse," Secretary General Barkindo says

03.03.2019 Oil , Energy Diplomacy , Americas

Turkey's crude oil imports up by 10.7% in December 2018

- Total oil product imports fall by 10.3 percent to 3.1 million tonnes

01.03.2019 Oil , Türkiye

Chesapeake's net income rises in 4th qtr, falls in 2018

- Net income soars 54 percent in final quarter of 2018, but declines 8 percent for full year

01.03.2019 Upstream , Investments , Americas

Saudi min. replies to Trump, says OPEC 'taking it easy'

- Energy minister Khalid Al-Falih says OPEC is 'taking a very slow and measured approach'

28.02.2019 Upstream , International Relations , Americas , Middle East-Africa

Genel Energy buys Chevron's stakes in KRG blocks

- Kurdish Regional Government gives approval for acquisition of Chevron's stakes in Sarta, Qara Dagh blocks

01.03.2019 Natural Gas , Oil , Middle East-Africa

INEOS announces £1B investment in three UK projects

- British petrochemicals giant to invest £500M in Forties Pipeline, prolonging North Sea’s main oil and gas artery into 2040s

28.02.2019 Refining/Petro Chemistry , Companies , Europe , General

Oil prices retreat after factory output falls in Japan

- World's third largest economy posts biggest decline in factory output in a year

28.02.2019 Upstream , Asia , Americas

Turkey's energy import bill up 6% in January 2019

- Total imports cost nearly $15.67 billion in January, with energy accounting for 24.56 percent

28.02.2019 Electricity , Natural Gas , Oil , Türkiye

US crude production hits new record high w/e Feb. 22

- World's largest crude producer sees output of 12.1 million barrels a day

28.02.2019 Refining/Petro Chemistry , Americas

ADNOC announces largest underground oil storage project

- Korean SKEC to build three storage caverns in eastern UAE, each with capacity of 14 million barrels of crude oil

28.02.2019 Oil , Companies , Middle East-Africa , General

US shale ind. acts as "market without a brain": BP head

- "US is the only country that completely responds to market signals, like a market without a brain," Dudley says

28.02.2019 Upstream , International Organization , Americas

ExxonMobil replaces 313% of oil & gas reserves in 2018

- Company adds 4.5 billion barrels to its reserves

28.02.2019 Upstream , Americas

Oil giants amass $1.6 trillion in total revenue in 2018

- Oil giants record massive 73.7 percent increase in collective year-on-year net income in 2018

28.02.2019 Upstream , Stock Market , Europe , Americas

UAE’s ADNOC to explore oil, gas opportunities in Korea

- Company signs three framework agreements with Korean energy companies

28.02.2019 Downstream , Lng/Lpg , Upstream , Downstream , Companies , Asia

Oil down as investors await US, China trade talks

- Trade deal between world's two largest economies could provide positive sentiment for global economy and oil demand

27.02.2019 Refining/Petro Chemistry , International Relations , Asia , Americas

Libya's NOC willing to lift force majeure on Sharara

- Once all armed militia leaves, NOC wants to resume production from Libya's biggest oil field

28.02.2019 Oil , Middle East-Africa

UK's RockRose to buy Marathon Oil ops. in North Sea

- Deal will add 13,000 barrels of daily oil equivalent production in 2019 and represents Marathon Oil's exit from UK

27.02.2019 Upstream , Projects , Europe

Fitch places Venezuela's CITGO on negative rating watch

- Agency warns negative rating action could be taken if CITGO fails to replace lost PDVSA oil volumes

27.02.2019 Upstream , Investments , Americas

Petrobas' oil, gas output sees 3 pct monthly drop in Jan

- Brazilian oil and gas major produced 2.61 million barrels of oil equivalent per day last month

26.02.2019 Upstream , Upstream , Companies , Americas , General

Libya's Sharara field still closed for security reasons

- Conditions for reopening Sharara have not yet been met, says NOC chairman

26.02.2019 Oil , Middle East-Africa

Akkuyu nuclear plant tracks progress one year on

EU's production of nuclear heat down 1.3% in 2017

Turkish trade minister to visit Russia on Wednesday

Russia's Novovoronezh NPP II unit 2 reaches final stage

GE begins to digitize thermal, renewable power in India

China's coal output up 5.2 pct in September

Asian Dev. Bank to loan $500M to Bangladesh power plant

China’s coal production up 4 percent in April

US coal exports hit 5-year high in 2018: EIA

Global energy demand hits fastest pace this decade: IEA

Engie sells stake in Thailand's Glow for €2.6 billion

Old coal plants in W. Balkans kill 3,000 people: Report

Total inks interim deal for Oman's onshore gas block 12

BP commits $100M to reduce greenhouse gas emissions

Indian consortium to explore Abu Dhabi Onshore Block 1

Japan's Inpex wins Abu Dhabi onshore exploration bid

‘Ankara to always protect Turkish Cypriots’ rights’

Total, ADNOC to explore gas in Abu Dhabi

Osaka to acquire 35pct stake in US shale gas project

UK announces new measures to back shale gas exploration

US natural gas processing capacity shows rise 2014-2017

Turkey to benefit from many gas supplies & best prices

UAE’s ADNOC to explore oil, gas opportunities in Korea

Equinor natural gas sales increase 29 percent in 2018

Total and partners sign agreement for Papua LNG project

Puerto Rico LNG imports return to pre-hurricane level

Novatek to supply gas to Repsol from Arctic LNG 2

Global LNG trade increases by 8.3% in 2018

Oil prices on rise with Libya tensions & supply cuts

US revises up oil price forecasts for 2019

Oil prices mixed as Brent crude hovers around $71

Brent oil above $70 a barrel with tight global supply

ADNOC inks downstream MoUs with OMV, Borealis

US oil stocks fall, production up for w/e March 15

Vitol to acquire asphalt trading business VALT

US crude exports to catch up with Saudi Arabia by 2024

Saudi Aramco to buy 70 pct stake in petrochem. firm SABIC

ADNOC inks downstream MoUs with OMV, Borealis

Baku, Moscow mull Russian oil to Turkey's STAR refinery

Global oil supply falls in Feb. '19

London drivers face new emission charges

EC says Volkswagen, BMW, Daimler broke antitrust rules

EU sets 37.5% CO2 reduction target for new cars by 2030

US biofuels trade, prod. to remain stable through 2020

Engie, Tokyo Gas to establish renewables JV in Mexico

IEA lauds Sweden's energy policies in latest report

Amazon announces three new wind power projects

EC fines GE €52 million in relation to LM Wind takeover

Engie, Tokyo Gas to establish renewables JV in Mexico

Saudi Arabia to install more solar, wind energy by 2028

France's Engie inaugurates first mini-grid in Zambia

Statkraft, redT partner for solar, energy storage in UK

Norway produces 93.6% electricity from hydro in Feb. 19

Norway produces 94.4% electricity from hydro in Jan. 19

Dam will add $83.5M to Turkish economy: President

Norway produces 94% electricity from hydro in Dec. 2018

Enel buys 650 MW of renewable power plants in US

Engie buys French biomethane producer Vol-V Biomasse

Eni, Indonesia’s Pertamina ink circular economy deal

GE begins to digitize thermal, renewable power in India

Turkey set to invest $11B in energy efficiency

Renewables, electrification can reduce 75% of emissions

Venezuela to pay $8.7B compensation to ConocoPhillips

TurkStream's Kiyikoy receiving terminal 50% completed

Turkey set to invest $11B in energy efficiency

Renewables, electrification can reduce 75% of emissions

Saudi Arkad wins tender to build gas p/line in Bulgaria

UK minister resigns amid Brexit row with government

US revises up oil price forecasts for 2019

US sanctions on Venezuela may worsen crisis: UN

Turkey expects more EU actors in energy exchange market

Oil prices up with fall in US crude stocks, production

Gazprom increases gas production by around 18% in first 8 months of year

Turkish-Russian presidents to launch TurkStream on Wed.

Domestic and renewables add 445 MW in Turkey in 1Q19

Turkish household gas consumption down by 12.3% in 2018

EU urges UK to justify Brexit extension

EU's Tusk offers UK 'flexible extension' for Brexit

Trump says US putting $11B worth of tariffs on EU goods

Turkey set to invest $11B in energy efficiency