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 price drop may affect IS fight - Iraq

2015-01-22 20:00

Iraqi prime minister Haider al-Abadi says the drop in the global oil price is disastrous for his country's finances and could hurt its ability to fight Islamic State militants.

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.

Zimbabwe gold mines could collapse - chamber

2015-01-21 10:00

Zimbabwe's gold mining firms are making losses due to weak bullion prices and could collapse, warns the Chamber of Mines.

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 starts week in negative territory

2015-01-19 16:30

World oil prices have fallen, dented by high global crude inventories, in subdued deals amid a public holiday in the United States.

Oil prices edge lower in Asian trade

2015-01-19 07:47

Oil prices have edged lower in Asia as a rally late last week fizzled out owing to lingering concerns about weak demand and a global supply glut, analysts said.

Copper drop a fresh blow for emerging economies

2015-01-16 11:30

The collapse in prices for copper will deal a blow to emerging economies from Chile to Congo that are reliant on exports of the metal.

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 slips after rebound

2015-01-15 09:48

Oil prices have resumed their downward spiral in Asia after rallying in the previous session on bargain-buying, while the dollar recovered after plunging.

Oil prices under pressure before energy report

2015-01-14 16:17

World oil prices have slid after major crude producers stressed they will maintain output levels despite global oversupply.

Oil prices dip further in Asian trade

2015-01-14 08:49

Oil prices have slipped further toward six-year lows in Asia after major crude producers stressed they will maintain output levels despite an oversupply.

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.

Gold rises to highest level since October

2015-01-13 09:47

Gold has extended gains to the highest level in almost 12 weeks as investors assessed the strength of the US economy amid slumping oil prices.

SA gold stocks rally in long stretch

2015-01-12 19:39

SA gold stocks have rallied a sixth day in the longest stretch of gains since March as metal prices climbed on speculation that the US may hold off on raising interest rates.

Australia to export uranium to India - Rio Tinto

2015-01-12 14:36

Rio Tinto expects to start exporting Australian uranium to India as soon as safeguards are in place to restrict its use to power generation.

Gold retreats from three-week high

2015-01-08 10:58

Gold has declined for a second day as global equities to oil prices rebounded before a US jobs report that will provide clues on the interest rates forecast.

Price fall to push oil industry into recession

2015-01-07 20:01

The oil price plunge will force energy companies to slash capital spending in North America, Europe and Asia in 2015, says an investment bank.

Oil down almost 10% in two days

2015-01-07 07:45

Global oil markets have slumped for a fourth session as mounting supply gut worries pressured crude, which has tumbled to its lowest levels since spring 2009.

Oil slump deepens as no end to supply glut

2015-01-06 17:13

Oil prices hve fallen to fresh lows, extending a plunge in the previous session as worries over a global supply glut intensify.

Oil dives to new five-year lows

2015-01-05 15:05

Global oil prices have spiralled lower to strike new five-year lows as traders fretted over gloomy data, demand worries and plentiful crude supplies.

Gold ticks up but poised for third weekly drop

2015-01-02 10:16

Gold has inched up as higher oil prices boosted its safe-haven appeal but looks set to post its third straight weekly loss, weighed down by a strong dollar.

Oil prices down in thin pre-holiday trade

2014-12-31 07:34

Crude has edged lower in thin pre-holiday trade ahead of the release of a key US supply report, as analysts predicted a rebound in prices in the new year.

Oil market slides in subdued deals

2014-12-29 09:41

Oil prices have fallen in thin pre-holiday trade, but analysts say losses were curbed by upbeat sentiment over a strong US economic growth report.


Oil surges after Saudi King's death

2015-01-23 07:29

Oil prices have risen following the death of Saudi Arabia's King Abdullah, with investors watching to see if his successor will maintain production levels.

Oil rebounds ahead of ECB, US supplies report

2015-01-22 07:48

Oil prices have lifted a bit from nearly six-year lows as investors took a breather on the eve of a highly anticipated European Central Bank decision on stimulus.

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 prices rebound in Asian trade

2015-01-21 07:33

Oil has rebounded in Asia as traders bought the commodity at cheaper prices following a slide to near six-year lows, analysts have said.

Oil prices down in Asian trade

2015-01-20 07:37

Oil prices have tumbled further in Asia with weak global demand and an oversupply dictating the trend for the commodity, analysts said.

Copper plays surprise role in Zambia vote

2015-01-19 11:00

A controversial decision to hike mining royalties in copper-rich Zambia has not only spooked investors, but has become an unlikely presidential election issue.

Gold Fields costs could be better than expected

2015-01-16 17:30

Gold Fields has provided an update on production and cost for the quarter and the year ended December 2014.

Oil prices edge up in Asian trade

2015-01-16 07:24

Oil prices have rebounded in Asia after plunging in reaction to news that Opec had overproduced in December, while it also cut its global demand outlook.

Oil price drop pains Texas, North Dakota

2015-01-15 15:06

A plunge in energy prices is hitting US oil and gas producers, leading some firms to lay off workers while others struggle to get loans.

Oil rally loses steam in Asian trade

2015-01-15 07:32

Oil prices have fallen in Asia after a rally the day before lost steam, with a pick-up in US inventories reinforcing concerns about weak demand and a supply glut.

Oil near six-year low, Brent at par to US crude

2015-01-14 07:29

Oil has tumbled 5% to near six-year lows before recovering ground, and Brent briefly traded at par to US crude for the first time in three months.

Oil prices plunge again as UAE defends holding production

2015-01-13 11:46

Brent and US WTI crude oil prices have fallen to their lowest levels in almost six years as a big Opec producer stood by the group's decision not to cut output.

Brent ends below $50 for first time since 2009

2015-01-13 07:25

Europe's oil benchmark has closed below $50 a barrel for the first time in six years after an investment bank predicted it would sink even lower in coming months.

Oil sinks further, dollar hit by wage data

2015-01-12 07:23

Oil prices have continued their slide, while most Asian stock markets also retreated after a sell-off in New York at the end of last week in reaction to weak US data.

Oil prices take breather after sharp falls

2015-01-09 07:41

Oil prices have steadied after recent heavy falls but analysts said investors remain worried about excessive global supplies.

Oil ends higher after Brent dips below $50

2015-01-08 07:20

Brent oil briefly slipped below $50 a barrel for the first time since 2009, but crude finished higher on a strong day for US and European equity markets.

Oil mixed in Asian trade

2015-01-07 07:14

Oil has been mixed in Asia, with prices at their lowest levels in five-and-a-half years on fears of fresh global turmoil over a political crisis in Greece.

Oil extends crash as glut fear deepens

2015-01-06 07:30

The selloff in global oil markets is showing little sign of slowing, falling as much as 6% to their lowest since spring 2009 as supply glut fears intensified.

Brent turns lower as supply glut fears prevail

2015-01-02 10:25

Brent crude futures have retreated from early highs above $58 and fallen towards $57 a barrel, as an abundance of oil erased earlier support.

Oil prices up in thin New Year trading

2015-01-02 07:36

Oil prices have risen in thin Asian trading during the first session of the New Year, as dealers welcomed a larger-than-expected drop in US crude stockpiles.

Oil prices rise on violence in Libya

2014-12-29 10:34

Oil prices have climbed in Asia as fresh violence in Libya stoked concerns about possible supply disruptions, analysts say.

Oil gains as US growth beats expectations

2014-12-24 07:40

World oil prices have risen as strong US economic data sparked a round of buying in the beaten-down commodity.

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