Oil prices hit reverse again

2016-08-25 14:08

World oil prices have skidded lower, reversing earlier gains as traders dwelled on rising US crude stockpiles and the stronger dollar.

Oil prices extend losses as dealers eye output talks

2016-08-25 07:46

Oil prices have edged down again in Asian trade, a day after suffering hefty losses in response to data showing a surprise jump in US stockpiles.

Oil prices down in Asia, Brent stays below $50

2016-08-24 07:24

Oil has fallen after industry data showing an increase in US crude stocks added to oversupply worries and traders took advantage of a recent rally to book profits.

Brent slides under $50 as Iraq moves to boost output

2016-08-23 07:32

World oil prices have slid, slamming the brakes on last week's rally as events in Nigeria and Iraq pointed to a possible surge in supplies.

Low prices not only headache for oil and gas sector

2016-08-22 17:52

Besides low prices, regulatory compliance and tax requirements remain of the key challenges for companies in the oil and gas industry.

Oil ends longest gain in 4 years on Nigeria, Iraq supply outlook

2016-08-22 13:24

Oil has fallen after the longest run of gains in four years as Iraq sought to increase exports amid a global oversupply and Nigerian militants called an end to hostilities.

OPEC freeze wouldn't be so potent as Gulf Rivals pump more

2016-08-19 11:11

Even if OPEC strikes a deal with Russia next month in Algiers to freeze oil production, success will mean a lot less than when they tried and failed four months ago.

Brent holds firmly above $50 as oil returns to bull market

2016-08-19 07:34

Brent crude held firmly above $50 a barrel in Asian trade Friday as a bullish momentum continued, fuelled by hopes of an output freeze by key producers and data showing robust US demand.

Oil prices drop before US inventory data

2016-08-17 15:15

Oil prices have fallen back after rallying in recent sessions, as attention turned to US stockpiles data for an update on levels of supplies.

Oil prices extend gains

2016-08-16 15:24

Oil prices have risen extending the previous session's gains, as markets assess the likelihood of producers reaching a deal to limit output.


Oil trades near 1-week low after US stockpile gain

2016-08-25 13:02

Oil has traded near the lowest close in a week as US crude stockpiles unexpectedly increased, keeping supplies at the highest in at least three decades.

Oil prices drop as market tracks US supplies

2016-08-24 14:17

Oil prices have fallen, with Brent stuck below $50, after data showed an increase in US crude stockpiles, adding to supply glut concerns.

Oil prices extend losses

2016-08-23 14:56

Oil prices have fallen, extending the previous session's sharp losses caused by prospects of another increase in supplies.

Sustainability of oil firms under siege - PwC

2016-08-23 06:07

In order to ensure sustainability in the long term, oil companies have to adapt their business models to remain competitive, research shows.

Brent slides under $50 as supply glut woes resurface

2016-08-22 15:19

World oil prices have slid on resurfacing supply glut concerns, slamming the brakes on last week's rally.

Oil down on Iraq export boost and stronger dollar

2016-08-22 08:08

Oil prices have eased, following news that Iraq will boost crude exports, while the dollar strengthened on speculation the Federal Reserve could hike interest rates this year.

Oil price surge dents rand rally

2016-08-19 08:40

An almost 25% gain in the oil price this week has put a damper on the rand’s rally, but the real concern remains the interest rate outlook for the US Federal Reserve.

Oil prices higher as US stockpiles drop

2016-08-18 07:38

Oil prices have edged higher as the weekly US inventories report showed significant declines in stockpiles of both crude and gasoline.

Oil stays above $46 as market ponders output freeze calls

2016-08-17 07:31

Oil prices have fallen as investors booked profits from recent gains, but stayed above $46 on hopes producers would decide to freeze output at a meeting next month.

Oil halts rally as market weighs chance of output freeze

2016-08-16 07:22

Oil prices have eased in Asia but held above $45 a barrel as the market weighed the possibility of major producers reaching an agreement to freeze output.

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