IEA takes oil market bulls to the slaughterhouse

2016-02-09 13:11

Oil prices may have rebounded off 12-year lows struck last month, but any hope for a broader recovery in the market would be misplaced, says the IEA.

Oil ends lower on supply glut concerns

2016-02-07 11:35

Oil prices have dropped, leaving the market lower for the week, as a prolonged supply glut weighed on sentiment.

Oil price to fall further on over-supply: IEA

2016-01-19 13:13

The oil price is set to fall further this year as supply vastly exceeds demand, with major oil exporter Iran's return to the market offsetting any production cuts.

Oil prices rebound after falling below $30

2016-01-13 09:34

Oil prices have rebounded in Asia, halting a plunge that saw crude fall below $30 a barrel for the first time in more than 12 years, but analysts have warned of further pressure.

Nigeria minister sees emergency OPEC meeting

2016-01-12 16:30

Nigerian oil minister Emmanuel Ibe Kachikwu expects an extraordinary meeting of the OPEC oil cartel in two months to address nosediving crude prices.

In world with too much crude oil, steel monsters rule

2015-12-30 08:54

The most destructive oil crash in a generation is giving ship owners a billion-dollar windfall.

Cars driving the rebalancing of Chinese economy - IEA

2015-12-11 14:01

Chinese consumers are getting behind the wheel more, spurring a heady increase in petrol demand, a sign that consumer spending is helping the slowing Chinese powerhouse achieve a soft landing.

Cheap oil to hit rival supply harder: OPEC

2015-12-10 15:17

The Organisation of the Petroleum Exporting Countries has forecasted that oil supply from non-member countries will fall more sharply next year.

OPEC policy risks further oil price pressure

2015-12-06 16:44

OPEC's policy of maintaining high oil production risks heaping more downward pressure on oil prices, analysts say.

OPEC to push for output cuts in face of opposition

2015-12-03 16:30

Cash-strapped OPEC nations are piling pressure on Saudi Arabia to reduce oil output, yet the group’s biggest producer remains opposed to a cut.


IEA raises estimate of surplus oil supply

2016-02-09 12:02

The global oil surplus will be bigger than previously estimated in the first half, increasing the risk of further price losses, as OPEC members bolster production.

Russia ready to meet Opec over low oil prices

2016-01-29 15:45

Russia's energy minister says Moscow is ready to take part in an Opec meeting aimed at establishing possible "co-ordination" over low oil prices.

Nigeria rules out cutting oil production

2016-01-13 15:12

Nigerian authorities said Wednesday the country will not cut oil production even as nosediving crude prices caused by a global supply glut ravage revenue.

Oil prices fall below $30 a barrel

2016-01-12 23:06

US crude prices have fallen below $30 a barrel for the first time in 12 years as OPEC member Nigeria called for an emergency meeting to address collapsing prices.

Nigeria minister sees emergency OPEC meeting in March

2016-01-12 14:16

Nigerian Oil Minister Emmanuel Ibe Kachikwu has said he expects an extraordinary meeting of the OPEC oil cartel in "early March" to address nosediving crude prices.

Four more years of cheap oil: OPEC

2015-12-24 18:00

The OPEC oil cartel sees only a gradual improvement in the global crude market, with prices recovering to above $70 per barrel after four years, according to a report.

IEA sees oil glut lasting to late 2016

2015-12-11 13:29

The global oil surplus will persist at least until late 2016 as demand growth slows and OPEC shows 'renewed determination' to maximize output.

Oil prices sink near 7-year lows on Opec move

2015-12-08 14:35

Oil prices have finished at their lowest levels since February 2009 as markets continue to reel from Opec's refusal last week to cut back production.

OPEC to decide on oil output

2015-12-04 09:11

OPEC is meeting to decide on whether to cut its oil production faced with an abundance of crude that has sent prices crashing.

OPEC meets under oil supply glut cloud

2015-12-02 08:53

OPEC gathers in Vienna this week to decide on whether to trim the cartel's oil output faced with a global supply glut, sliding prices and weak demand growth.

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