price

Markets: Oil Extends Gain

Posted on March 12, 2019March 12, 2019 by Mozambique Resources Post

Oil rose for a second day as Saudi Arabia was said to plan extending deep supply curbs and a nationwide blackout sparked a production collapse in Venezuela.

Markets: “OPEC To Clear Supply Glut By April” – Goldman

Posted on March 6, 2019March 6, 2019 by Mozambique Resources Post

Goldman Sachs expects OPEC to succeed in clearing what it has deemed excessive oil supply by April, when the latest production cut deal will be reviewed at a meeting of the cartel and its partners.

Global Markets: Oil Rises as US China Trade Deal Nears

Posted on March 4, 2019March 4, 2019 by Mozambique Resources Post

(Bloomberg) — Oil climbed as the U.S. and China were said to near a deal on trade that would underpin the outlook for crude demand, while supplies around the world showed signs of tightening.

Global Markets: Oil jumps the most in a week

Posted on February 27, 2019February 27, 2019 by Mozambique Resources Post

Oil price climbed the most in a week after an industry report signaled a surprise decline in U.S. oil inventories, and Russia confirmed it’s reducing production in line with an agreement by OPEC and its allies.

Markets: Crude Oil Erases Recent Gains

Posted on February 26, 2019February 26, 2019 by Mozambique Resources Post

West Texas Intermediate (WTI) and Brent crude oil futures posted a series of gains during the second half of last week, but those overall increases were erased Monday.

Global Markets: Japan’s spot LNG price down in January

Posted on February 13, 2019February 13, 2019 by Mozambique Resources Post

The price of spot liquefied natural gas contracted in Japan was pegged back during January 2019, according to the Japanese Ministry of Economy, Trade and Industry (METI).

Global Markets: Oil Holds Below $53

Posted on February 12, 2019February 12, 2019 by Mozambique Resources Post

Oil held under $53 a barrel as a tentative deal to avoid another growth-killing U.S. government shutdown was offset by the prospect of rising American crude inventories.

Global Markets: “Diamond prices sliding” – report

Posted on February 6, 2019February 6, 2019 by Mozambique Resources Post

A report made public today by Rapaport reveals that polished-diamond prices softened in January, with 1-carat stones falling by 0.4% last month and 1.8% compared to January 2018, while 3-carat gems fell by 1.8% last month and 5.9% compared to last year.

Africa Oil & Gas: South Africa’s Petrol price likely to go up in February

Posted on January 30, 2019January 30, 2019 by Mozambique Resources Post

The price of petrol is likely to go up and that of diesel down in February, according to the Automobile Association (AA).

Global Markets: Oil Unlikely to Escape $60-70/bbl Prices in 2019

Posted on January 29, 2019January 29, 2019 by Mozambique Resources Post

The direction of the oil price in the last 12 months can be described as peculiar but predictable. After a relatively mundane first half of 2018, trading in the second half saw bouts of extreme bearish and bullish excitement.

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