Oil extends loss to trade near 12-year low

2016-02-11 12:23

Oil has extended losses to trade near a 12-year low as crude stockpiles at the delivery point for New York futures expanded to a record even as nationwide supplies slipped.

Oil slumps on IEA gloom

2016-02-10 07:21

Oil has resumed heavy falls, erasing earlier gains in highly volatile trade, after the International Energy Agency issued a gloomy market outlook.

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.

Oil prices stage mild recovery after sell-off

2016-02-09 07:08

Oil prices have rallied after a three-day sell-off that saw the US benchmark sink back below $30 a barrel, analysts warned the ongoing supply glut will keep a lid on oil.

Oil prices dip as supply fears offset Saudi-Venezuela talks

2016-02-08 07:39

Crude prices have edged down in Asia as worries about the ongoing supply glut offset news that Saudi Arabia and Venezuela held talks on stabilising the stressed market.

Right time for mining companies to bounce back

2016-02-08 06:13

The crisis facing African mining companies due to declining productivity and return on invested capital can be turned around, McKinsey proposes in a report.

Mining rally questioned amid metal glut

2016-02-05 09:52

The best two days for mining companies since the depths of the recession might be the end of the good times as the gluts across metals keep prices low.

Oil up as weak dollar offsets supply concerns

2016-02-05 07:49

Crude prices have risen as a weaker US dollar offset concerns over a global supply glut and diminishing hopes of a near-term deal by major petroleum producers to cut output.

Oil prices extend rebound in Asia

2016-02-04 07:30

Oil prices have extended their rebound in Asia, buoyed by a weaker dollar, bargain buying and fresh speculation of a possible output cut by the OPEC producers' group.

Oil holds firm before US inventories

2016-02-03 14:28

World oil prices have risen slightly, after briefly slipping under $30 a barrel, as traders awaited the weekly update on energy inventories in the United States.


Gold hits a wall with first slide in a month

2016-02-10 14:03

Gold’s rally is stumbling as demand slows during China’s Lunar New Year and analysts say prices have run up too quickly.

Oil price gains capped by IEA gloom

2016-02-09 15:29

Oil has rebounded slightly from the previous day's sharp selloff, but gains were capped by a gloomy market assessment from the IEA energy watchdog.

Is the resources sector sinking, swimming or shining?

2016-02-09 09:00

The longstanding mining sector is not doing well. Experts share their views on the current turmoil as well as the outlook for the resources sector.

Oil prices slide as output cut hopes fade

2016-02-08 15:21

Oil prices have sunk, matching a fierce selloff on stock markets, as hopes of a cut to crude output faded.

In the markets: What to watch this week

2016-02-08 07:00

Last week, the JSE and the rand reached their highest levels this year. What can we expect from local and global markets this week?

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.

Gold ascends as feeble dollar, rate bets swell flows into ETPs

2016-02-05 09:51

Gold is on course for its biggest weekly rise in a month as fading expectations for higher US rates hurt the dollar and lifted bullion holdings to the most since July.

Oil market rebounds slightly

2016-02-04 14:34

Oil prices have extended their rebound, buoyed by a weaker dollar, bargain buying and fresh speculation of a possible output cut by the OPEC producers' group.

Oil trades near $30 after biggest 2-day drop in 7 years

2016-02-03 16:52

Oil has traded near $30 a barrel after the biggest two-day drop in almost seven years as US industry data showed crude stockpiles increased, exacerbating a global surplus.

Oil industry plans to keep investors happy: borrow more money

2016-02-03 12:18

The world’s largest oil companies have a plan to weather the worst market in over a decade: borrow more money.

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