Oil price too low - Saudi Aramco chief

2015-01-27 14:30

World oil prices have fallen too far, state-owned energy giant Saudi Aramco says, stressing that it is for the market and not Opec producers to shore them up.

Oil market upheaval looms over Saudi succession

2015-01-23 15:52

King Abdullah's death could not have come at a worse time for Saudi Arabia's vital oil sector as the absolute monarchy seeks to reassert its leadership.

Oil prices have reached 'bottom' - Iraq minister

2015-01-21 16:30

Iraqi Oil Minister Adel Abdul Mahdi has predicted that world prices would not fall much further after a plunge of nearly 60% since June.

Oil under pressure as IMF cuts growth forecast

2015-01-20 15:30

Oil has diverged, remaining under pressure as the International Monetary Fund slashed its world economic growth forecast and stoked demand fears.

Oil price dip slowing US output - Opec

2015-01-15 21:30

The collapse in oil prices is starting to slow growth in US output, Opec says, although the slowdown will not prevent demand for the exporter group's oil.

Oil close to 6-year lows, European stocks rise

2015-01-13 15:42

Oil tumbled towards six-year lows on global oversupply and after Opec kingpin Saudi Arabia said the era of $100 crude was over, say analysts.

US oil storage trade makes a comeback

2015-01-12 12:05

Opec's decision not to cut output has traders scrambling to secure storage that could yield an almost guaranteed return of 8% or more.

BRILLIANT ANALYSIS | Bruggemans: Is Opec dying?

2014-12-29 11:57

This time it is different, or famously it is not. Oil is collapsing now but shortly to rebound, or is there a more permanent shift to lower prices noticeable?

Opec won't cut output even at $20 a barrel

2014-12-24 10:04

Opec will not cut oil production even if the price drops to $20 a barrel, it is unfair to expect the cartel to reduce output if non-members do not, says Saudi Arabia.

Opec won't cut production - Saudi Arabia

2014-12-23 12:16

Opec will not cut oil production even if the price drops to $20 a barrel and it is unfair to expect it to reduce output if non-members don't, says Saudi Arabia.

Oil prices could rebound in second half of 2015

2014-12-22 13:56

Crude oil prices are likely to bottom out in the first half of 2015, until a possible slowdown in US. shale production counters a supply glut.

Why oil could drop as low as $20 per barrel

2014-12-22 07:00

How low can the oil price go and how long will it last? The history of inflation-adjusted oil prices offers some intriguing hints.

No conspiracy behind oil prices - Saudi Arabia

2014-12-21 16:27

Saudi Arabia's oil chief has dismissed allegations that his kingdom conspired to bring down oil prices in order to harm other countries.

Oil stays below $60 as Opec, Russia keep pumping

2014-12-17 13:57

Brent crude has held below $60 a barrel as major oil producers signalled they would maintain output despite a supply glut and faltering demand.

Global oil demand to slow despite price rout

2014-12-15 17:27

Global appetite for oil will grow at a slower pace in 2015 than earlier thought despite plunging crude prices, says the IEA.

Oil hits lowest in more than 5 years

2014-12-12 11:57

Brent crude oil has slipped to its lowest since July 2009, dragged down by persistent concerns over a global supply glut and a sluggish demand outlook.

Oil companies should be a lot more profitable

2014-12-07 16:36

The 40% plunge in oil prices since July is almost certainly good news for the world economy; but it is surely a crippling blow for oil producers.

Kuwait urges non-Opec cooperation

2014-12-01 08:40

Kuwait has urged non-Opec crude producers to cooperate to help stabilise the oil market and prevent sharp fluctuations in prices, according to a news agency.

Opec move hits Gulf stocks hard

2014-11-30 14:50

Gulf Arab stocks haveplunged on their first trading day since Opec decided to maintain oil output in a move that sent crude prices crashing to five-year lows.

Saudi declares price war on US shale oil

2014-11-28 19:29

Opec members must combat the US shale oil boom, according to Saudi Arabia's Oil Minister Ali al-Naimi.

Oil market reveals its wild side again

2014-11-28 16:17

After Opec's decision to leave production unchanged, Brent crude futures experienced the first three standard deviation down-move since the May 2011 flash crash.

Russia's ruble extends record slide

2014-11-28 15:36

The ruble has lost another 1.5% of its value as it extended a record slide after the Opec oil cartel's decision to leave its output ceiling unchanged.

Australian energy firms hammered by Opec move

2014-11-28 09:45

Australian energy firms have been hit hard by the Opec oil cartel's decision against cutting production, with stocks tumbling across the board.

Low output cut expectations as Opec meets

2014-11-27 13:40

Gulf oil producers are expected to press the case for not yet cutting Opec output, despite calls from some members of the group to bolster sagging prices.

Opec won't cut output despite oil price dip

2014-11-27 11:04

Opec Gulf oil producers will not propose an output cut, reducing the likelihood of joint action to prop up prices that have sunk by a third since June.


Oil prices drop as Greek vote pushes up dollar

2015-01-26 17:30

Oil prices have fallen as the dollar rallied against the euro after the anti-austerity party Syriza swept to victory in Greece's general elections.

Oil export losses to reach $300bn in Middle East

2015-01-21 20:00

Losses from lower oil exports could sap up to $300bn from economies in the Middle East and Central Asia this year, the International Monetary Fund says.

Russia may see oil output fall

2015-01-21 14:00

Russia may see a natural decline in oil output by around 1 million barrels per day at most, but has no plans to cut production in coordination with Opec.

Oil market rebounds on IEA report

2015-01-16 19:00

World oil prices have rebounded after the International Energy Agency declared there were signs "the tide will turn" following recent multi-year lows.

UAE says Opec will no longer shore up oil price

2015-01-13 20:00

The United Arab Emirates says that Opec will no longer move to shore up crude prices, arguing that rising North American shale oil output needed to be curbed.

Pleas for oil cut hit Opec's brick wall

2015-01-12 16:41

A diplomatic push by Venezuela and Iran for an Opec oil output cut has failed to soften the refusal of the group's Gulf members to do so for now, say delegates.

Opec urged to cut output to up oil prices

2014-12-28 17:07

Algeria says it does not share the views of big producers inside the Opec cartel who prefer to let the market regulate prices.

Oil above $70 by end of 2015 - sources

2014-12-23 16:32

Arab Opec producers expect global oil prices to rebound to between $70 and $80 a barrel by the end of 2015 as economic recovery revives demand.

Oil prices and Saudi diplomacy

2014-12-23 05:00

Saudi Arabia sets oil market policy purely on an economic basis, says the kingdom's oil minister in a broad-ranging interview with the newspaper Al-Hayat.

Gulf oil producers stand firm on Opec output

2014-12-22 10:20

Oil-rich Arab Gulf countries have been standing firm against non-Opec crude producers, vowing they will not cut output nor hold an emergency cartel meeting.

Hope for oil price revival by second half of 2015

2014-12-22 05:00

Opec secretary general Abdullah al-Badri says he hopes to see a recovery in the price of oil by the end of the second half of 2015.

Who is to blame for the oil price dive?

2014-12-21 15:47

Oil-rich Arab Gulf countries have blamed "irresponsible" producers outside the Opec cartel for a plunge in crude prices, but is confident markets will rebound.

Russia sees no price floor for oil

2014-12-17 06:00

Russia says it will not cut oil output to help prop up prices despite its economy showing signs of severe stress and its currency collapsing.

Badri: Opec has no target price

2014-12-14 12:00

Opec's secretary-general says he believes Gulf countries should continue to invest in exploration despite oil hitting a five-year low.

Oil drops $2 to five-year low

2014-12-08 17:35

Brent crude oil has fallen more than $2 a barrel to a new five-year low on predictions that oversupply will keep building until next year.

Spotlight on ECB as inflation dips

2014-12-01 12:50

The ECB's monthly rate meeting will focus minds on the debate over quantitative easing in the eurozone as a series of data releases sheds light on European woes.

Dow, Nasdaq flat amid oil stocks rout

2014-11-30 21:48

Energy-related stocks have been hammered, leaving US stocks mostly flat in a holiday-shortened session.

Oil reels as Opec holds firm on output

2014-11-30 13:05

Global oil prices have plunged to new multi-year lows after the Opec oil-producing cartel decided to maintain crude output in an oversupplied market.

JSE slides as Sasol hit by oil price

2014-11-28 18:19

South African stocks have edged lower, with Sasol tumbling after oil hit a four-year low.

Tokyo investors eye Christmas sales

2014-11-28 15:55

Tokyo investors will be keeping an eye on US holiday retail sales and movements on Wall Street next week, analysts say.

Oil dips to 4-year low on Opec decision

2014-11-28 15:30

Global oil prices have plunged to yet another four-year low after the Opec oil producing cartel decided to maintain crude output in an oversupplied market.

Oil prices plunge as Opec holds output cut

2014-11-28 08:42

Brent crude oil has plunged as much as $6.50 a barrel, and US crude dropped by nearly as much, posting their steepest one-day falls since 2011.

Oil could hit $60 as supply cut hopes fade

2014-11-27 11:17

Brent crude has fallen to a 4-year low under $76.30 a barrel, with some analysts now seeing oil prices at $60/barrel if Opec does not agree to a significant output cut.

Libya rival govt wants seat at Opec summit

2014-11-26 16:01

Libya's rival government wants to send its oil minister to the Opec summit and will refuse to comply with any production decisions if it is denied access.

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