Gazprom set to resume gas supply to Ukraine

2014-10-31 19:15

Russia may restart gas supply to Ukraine as soon as next week if Kiev pays $2.2bn worth of debt and pre-payments.

Oil prices down in Asian trade

2014-10-31 07:25

Oil prices have fallen in Asia, pressured by a stronger dollar as dealers speculated whether the Federal Reserve will lift interest rates sooner rather than later.

Algeria signs oil deals

2014-10-29 19:45

Three consortiums of foreign firms have signed contracts for gas exploration in Algeria, in the first such deals since a deadly attack on a gas plant in the Sahara.

We should not panic, says Opec

2014-10-29 18:22

There is no need to panic at the recent collapse in oil prices, says Opec secretary general, low prices would curb competing supplies.

Oil-rich Saudi must invest in solar energy

2014-10-28 10:00

Oil-rich and sun-blessed Saudi Arabia has no choice but to invest in solar energy, a senior official of the national electricity provider says.

Oil prices fall on high supplies

2014-10-27 14:35

Oil prices have fallen as markets foresee the world's biggest producers maintaining supplies despite a supply glut, say analysts.

Brent drops after Goldman cuts price forecasts

2014-10-27 10:33

Brent crude futures have fallen below $86 a barrel after Goldman Sachs cut its price forecasts for the contract and for US oil in the first quarter of next year.

Oil mixed in Asian trade

2014-10-27 07:30

Oil has been mixed in Asian trade but remained subdued with no signs the world's key crude producers will cut output in the face of a supply glut, analysts say.

Gulf oil producers seen riding out price plunge

2014-10-26 13:03

Energy kingpin Saudi Arabia and other wealthy Gulf states are set to resist pressure to tighten the taps significantly to shore up oil prices, analysts say.

Oil prices stage modest rebound

2014-10-23 13:19

World oil prices have rebounded slightly after sharp losses the previous day sparked by surging crude stockpiles in the United States.

Oil prices dip in Asia after recent gains

2014-10-22 07:30

Oil prices have slipped after a recent upturn in line with a global equities rebound, while investors will be keeping an eye on the Fed's next policy meeting.

Brent extends gains at above $85

2014-10-21 09:29

Brent has edged up, holding above $85 a barrel as robust China oil demand supported prices, although gains were capped by lingering fears of a weak global economy.

Oil prices dip after brief recovery

2014-10-20 14:19

Oil prices have fallen after a brief rebound, with the market weighed down by weak demand growth in an oversupplied market.

Oil prices extend gains in Asia

2014-10-20 07:35

Oil prices have risen in Asia, lifted by a surge in equities after last week's sharp gains on Wall Street, but prices remain tilted due weak demand.

Oil market rebounds

2014-10-17 14:51

World oil prices have rebounded on bargain-buying, a day after the US benchmark had fallen below $80 for the first time in more than two years.

Brent steadies above $85 after big fall

2014-10-16 10:05

Brent crude has edged higher holding above $85 a barrel after its biggest daily fall in three years in the previous session.

Oil prices tumble in Asia

2014-10-16 07:00

Oil prices have resumed their downward spiral in Asian trade following another massive selloff in equities on global economic concerns.

Oil market proves mightier than Opec

2014-10-15 15:45

There is nothing surprising about the fall in oil prices, except perhaps the timing, says John Kemp, Reuters' commodities and energy columnist.

US bid for oil supremacy shakes crude market

2014-10-15 12:11

Propelled by surging shale output, the US is fighting for supremacy in the global oil market even as a pullback in crude prices threatens to challenge the boom.

Oil prices see small rebound in Asia

2014-10-15 07:25

Oil has staged a minor rebound on bargain-buying in Asian trade following sharp falls that have seen prices hit multi-year lows due to weak global demand.

Oil drops close to $88 as supply grows

2014-10-14 09:50

Brent crude has fallen to just above $88 a barrel on in a well-supplied market as expectations faded that Opec may cut output in an effort to shore up prices.

Greenpeace gets LEGO to dump Shell

2014-10-13 12:26

LEGO has cut ties with Shell after a successful Greenpeace campaign aimed at stopping the oil giant drilling in the Arctic.

Greenpeace gets LEGO to dump Shell

2014-10-13 10:01

LEGO has cut ties with Shell after a successful Greenpeace campaign drew massive public support against the oil giant drilling in the Arctic.

Oil prices eke out gains after big losses

2014-10-12 11:48

Oil prices have closed slightly higher, crawling out of deep session losses in a market gripped by worries about weakening global demand and a supply glut.

Oil prices extend losses on demand fears

2014-10-10 07:40

Oil prices have sunk to more than two-year lows as weak German data underscores concerns over a global economic slowdown and its impact on energy demand.


Argentina steps up to attract oil investment

2014-10-31 13:01

Argentina has a new energy investment framework aimed at attracting foreign oil companies to the country's vast shale deposits.

Oil prices down in Asian trade

2014-10-30 07:38

Oil prices have edged lower in Asia but losses were capped on a surprisingly upbeat assessment of the US economy by the Federal Reserve, analysts said.

Oil prices rally: Opec plays down slide

2014-10-29 18:42

World oil prices have rallied, while Opec secretary general insists that recent sharp falls for crude futures were not justified in terms of demand and supply.

Oil prices up ahead of Fed outcome

2014-10-29 07:23

Oil prices have risen in Asia as dealers await the outcome of a US Federal Reserve meeting and the latest US supply report.

Oil extends losses over weak price outlook

2014-10-28 07:30

Oil has moved lower in Asian trade after Goldman Sachs slashed its price forecasts for the next two years owing to a global supply glut.

US crude exports, China add to oil pessimism

2014-10-27 12:30

The glut in global oil markets is likely to persist and may even worsen as US lawmakers look set to approve exports of the country's booming crude production.

Kuwait plays down row over shared oilfield

2014-10-27 09:50

Kuwait has played down a row with Saudi Arabia over its decision to halt production at an offshore oilfield jointly operated by the two Gulf neighbours.

Saudi petrochem giant SABIC profit falls

2014-10-26 15:04

Saudi petrochemicals giant SABIC has reported a 4.48% fall in profits for the third quarter of 2014, while its chief forecast that oil prices will recover.

Oil resumes slide in Asian trade

2014-10-24 07:42

Oil prices have resumed their slide in Asian trade following a sharp rebound the day before as investors wait for more signs of economic growth in Europe.

Oil prices down in Asia

2014-10-23 07:24

Oil prices have tanked further in Asian trade as a crude supply glut overshadowed news that China's key manufacturing sector picked up slightly, analysts said.

Oil prices rise on Chinese data

2014-10-21 14:15

Oil prices have increased as caution returned after a weak rally spurred by upbeat industrial production data from China, analysts say.

Oil prices up on China industrial data

2014-10-21 07:37

Oil prices have risen in Asian trade, buoyed by strong industrial production data from China, the world's top energy consuming nation, analysts said.

Kuwait slams Saudi's halt to joint output

2014-10-20 11:04

A Kuwaiti oil trade union has condemned the unilateral closure by Saudi Arabia of an offshore oilfield jointly operated by the Arab neighbours.

Oil market claws back some losses

2014-10-17 19:08

World oil prices have rebounded on bargain-buying, a day after the US benchmark fell below $80 for the first time in more than two years.

Oil rebound extends in Asia

2014-10-17 07:29

Oil prices have extended a minor rally on bargain-buying after the US benchmark fell below $80 for the first time in more than two years.

2014 ABSA top 5 olive oils

2014-10-16 08:19

The crème de la crème of SA extra virgin olive oils unveiled.

Zuma outlines ambitious oil exploration plans

2014-10-15 16:11

President Jacob Zuma has outlined ambitious plans for oil and gas exploration in coastal waters.

Oil prices reach new depths on oversupply

2014-10-15 14:30

Oil prices have reached new multi-year low points due to a supply glut and weak global demand, analysts say.

Greenpeace gets LEGO to dump Shell

2014-10-15 09:26

LEGO has cut ties with Shell after a successful Greenpeace campaign drew massive public support against the oil giant drilling in the Arctic.

World oil demand to dip in 2015 - IEA

2014-10-14 14:09

The world will see much weaker oil demand growth in 2015 than forecast previously, the International Energy Agency has said.

Oil prices hit new lows in Asia

2014-10-14 07:41

Oil prices have fallen to multi-year lows in Asian trade, with analysts blaming supply glut concerns and the effects of weaker demand from Europe and China.

Oil heads for 4-year low

2014-10-13 12:08

Brent crude oil has fallen to its lowest in almost four years, after producers had signalled they would keep output high even if that meant lower prices.

Oil prices down in Asian trade

2014-10-13 07:57

Oil prices have fallen in Asian trade on growing concerns about demand as equities tumble on global growth woes and supplies increase.

Brent at four-year low on global economy fears

2014-10-10 09:16

Crude prices have tumbled, with Brent hitting a four-year low on concerns about the global economy while the IMF warned the eurozone may slip back into recession.

Firms to invest $2.12bn in Ecuador oil fields

2014-10-09 08:42

Firms from a range of countries will invest $2.12bn to develop oil fields in Ecuador's Amazon basin region.

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