Oil rises 3% on hopes for output cut

Reabold Resources Plc (LON:RBD), the AIM investing company which focuses on investments in upstream oil and gas projects, has announced its audited results for the year ended 31 December 2019. 2019 Highlights: ·      £26.6 million raised before

Oil rose toward $43 a barrel in London after OPEC and its allies agreed to extend historic output curbs by an extra month. Brent futures added as much as 2.6% and are heading for their longest

Oil prices rose on Tuesday, with traders waiting to see whether major producers agree to extend their huge output cuts to shore up prices at a virtual meeting expected later this week. Brent crude futures rose

Oil prices rose early on Tuesday as market participants believed that improving demand and more supply coming off would ease the glut faster than expected. As of 10:37 a.m. EDT on Tuesday, WTI Crude was up 2.44 percent

Reabold Resources PLC (LON:RBD), the AIM investing company which focuses on investments in upstream oil and gas projects, has today announced the conditional acquisition of an additional 16.665 per cent. interest in the onshore UK licence

U.S. benchmark oil futures settled higher on Tuesday, getting a lift from global supply cuts and signs of improving demand, following a volatile trading session that ended with the expiration of the June contract. West Texas

Crude oil prices rose today after the Energy Information Administration reported a crude oil inventory decline of 700,000 barrels for the week to May 8. This compared with a build of 4.6 million barrels for the previous week. The American

Oil futures rose on Tuesday, boosted by an unexpected commitment from Saudi Arabia to deepen production cuts in June in a bid to help drain the glut in the global market that has built up as

Reabold Resources Plc (LON:RBD), the AIM investing company which focuses on investments in pre-cash flow upstream oil and gas projects, today noted that Rathlin Energy (UK) Limited, the operator of PEDL183, communicated the following to local

US crude prices shot higher in another day of volatile trading on Wednesday, as traders bet that the gradual reopening of some western economies would ease the most dramatic collapse in oil demand in history. West

Reabold Resources plc (LON:RBD), the AIM investing company which focuses on investments in pre-cash flow upstream oil and gas projects, today announced that a positive decision document in respect of the testing of the West Newton

Upstream oil and gas investment company Reabold Resources updated the market on the start of preparatory activity ahead of drilling at the West Newton B site in PEDL 183, onshore UK on Wednesday. The AIM-traded firm said that,

Reabold Resources plc (LON:RBD), the AIM investing company which focuses on investments in pre-cash flow upstream oil and gas projects, today provided an update on the 2020 Work Programme on the Parta Licence Area, onshore Romania. The Work

Reabold Resources plc (LON:RBD), the AIM investing company which focuses on investments in pre-cash flow upstream oil and gas projects, has today provided an update regarding the start of preparatory activity ahead of drilling at the

Oil prices climbed on Thursday, hours before the world’s largest oil producers are scheduled to meet to discuss output cuts as the coronavirus pandemic ravages demand. Brent crude futures rose 2.5 percent or 81 cents to

Crude oil futures jumped 10% on Thursday after U.S. President Donald Trump said he expected Saudi Arabia and Russia to reach a deal soon to end their oil price war and Russian President Vladimir Putin called for a solution

Oil prices rose on Friday as governments around the world pledged a huge injection of funds and other measures to limit the economic fallout from the coronavirus pandemic, despite fears the outbreak will destroy demand for