Bourses in both Paris and Frankfurt dipped after a report from data monitoring company IHS Markit showed Eurozone private sector business activity slowed sharply in June while staying in expansion mode.
The MT Putri Sea, registered in Malabo, Equatorial Guinea, went down on Thursday in a busy shipping lane off the southern state of Johor, near Singapore.
Three small boats entered Saudi territorial waters at about 8:30 pm on Friday and "headed at speed towards platforms of (the) Saudi oil field of Marjan", a government statement said.
While a "rebalancing of the market" was "underway," it was "at a slower pace than originally anticipated," the Organization of Petroleum Exporting Countries wrote in its latest monthly oil market report.
US crude inventories rose 3.3 million barrels, while market expected a 3.5 million barrels of decline
TUPRAS named as Turkey's biggest industrial enterprise with $9.3 billion in sales acquired from production in 2016
Oil producers within and outside the OPEC cartel last week agreed to extend a November accord to cut crude production by nine months in a move spearheaded by Moscow and Riyadh.
Contract between Total and government is transparent and legal, Mohamed Dione says
Analysts estimate that every dollar that oil prices rise between $45 and $55 a barrel results in an additional 1.2 billion barrels that become economic to produce.
The world's top two crude-producing nations raised the idea at the weekend, with a deal agreed between OPEC -- of which Saudi Arabia is the key player -- and Russia coming to an end in six weeks.
Crude oil prices gain 2 percent after Saudi Arabia, Russia extend deal
Puma Energy, headquartered in Singapore, is one of three foreign firms in the final round of bidding to run part of Myanmar's petrol distribution market along with the Ministry of Energy.
Prices declined almost 5 percent Thursday
Earnings after taxation stood at $1.45 billion (1.33 billion euros) in the first three months of the year, which contrasted with a net loss of $583 million during the first quarter of 2016, BP said in a statement.
Unknown attackers in northern Iraq briefly disable strategic Kirkuk-Ceyhan oil pipeline
Crude prices off more than 2 percent
"We might have to extend in order to reach the target... of stock levels," Khalid al-Falih told an energy forum in Abu Dhabi, referring to a deal between OPEC and non-OPEC producers to cut production by around 1.8 million barrels per day.
In its latest World Economic Outlook report, the IMF cut its 2017 growth forecast for the region comprising the Middle East, North Africa, Afghanistan and Pakistan to 2.6 percent, down from the 3.1 percent projected in January.
Oil prices gain more than 1 percent
Crude prices up nearly 2 percent
Trading floors turned red at the start of the week as Donald Trump's failure to push through his healthcare reform fuelled worries about the prospects for his economy-boosting agenda.