ARTICLES RELATING TO OIL

Oil extends losses as dollar firms

2013-05-23 07:55

Oil extended its losses in Asian trade on a stronger dollar after the US Federal Reserve hinted that it could ease its massive stimulus policy soon, analysts say.

Oil down as poor US economic data weigh

2013-05-17 07:53

Oil prices eased in Asia as poor housing and employment data from the US sparked concerns of weaker crude demand in the world's biggest economy.

Oil rebounds in Asian trade

2013-05-15 07:42

Oil rebounded from recent falls after upbeat US data boosted confidence in the world's largest economy, analysts say.

IEA: Oil market in shale 'supply shock'

2013-05-14 14:36

The International Energy Agency says booming oil production in North America brought on by the shale energy revolution has created a global "supply shock".

Iran unhappy with current oil prices

2013-05-13 10:34

Iran is not pleased with current oil prices, says its oil minister, hinting at a proposal for Opec to lower its output to compensate for a drop in crude prices.

Oil down as Opec boosts supply

2013-05-13 07:54

Crude prices were lower in Asian trade, after Opec raised its oil output and maintained a flat forecast of global demand, analysts say.

Oil turns lower on profit-taking

2013-05-09 10:15

Oil has turned lower in Asian trade as dealers took profits after gains earlier in the week, analysts says.

Oil down on profit-taking

2013-05-07 07:59

Oil prices eased in Asia with dealers taking profits after a rally on robust US jobs data and rising tensions in the Middle East, analysts say.

Oil takes breather strong rally

2013-05-03 07:27

Oil prices took a breather in Asian trade as investors locked in profits after a strong rally following the European Central Bank's decision to cut interest rates.

Oil down on weak US data

2013-04-29 07:56

Oil was down in Asia as weak economic data from the United States sparked concerns over a softer demand for crude, analysts said.

Oil down in Asia on profit-taking

2013-04-26 07:59

Oil prices eased in Asia as traders cashed in on recent gains following signs of strengthening US energy demand and concerns over tensions in Syria.

Oil prices dip on weak China data

2013-04-23 07:45

Oil prices eased in Asia as data showing weak Chinese manufacturing activity fuelled concerns over demand in the world's second-largest economy, analysts said.

Oil prices up on bargain hunting

2013-04-22 07:52

Oil prices rose in Asian trade as bargain-hunters moved in following a price plunge last week as investors waited for fresh economic data from China.

Brent oil back below $100

2013-04-18 07:53

Slowing Chinese growth and concerns over weaker global energy demand weighed on oil prices, with Brent crude stuck below $100 a barrel.

Oil price tumbles close to $100

2013-04-15 14:16

Oil prices plunged to a new eight-month low near $100 per barrel, mirroring losses across financial markets, after disappointing first-quarter growth data in China.

Oil, gas tests enrage environmentalists

2013-04-14 17:47

Environmentalists are fuming after Eastern Cape authorities admitted to testing for oil and gas between the Port Elizabeth and Jeffreys Bay shorelines.

Moz approves draft of new oil law

2013-04-10 19:33

The Mozambican government has approved a draft of a new petroleum law which will see communities get a slice of the country's oil revenues.

Oil extends gains in Asian trade

2013-04-09 07:52

Oil extended gains as financial markets cheered Japan's aggressive monetary easing policy seen as key to reviving the world's third-largest economy.

South Sudan restarts oil production

2013-04-07 10:21

South Sudan restarted oil production, ending a 15-month bitter row with former civil war foe Sudan.

Oil prices recover in Asia

2013-04-04 07:59

Oil prices rose in Asia as the market recovered after a snap reaction to data showing an unexpected surge in US inventories, analysts said.

 

Oil prices lower in Asian trade

2013-05-20 07:44

Oil prices were down in Asian trade as investors locked in profits from last week's gains after US stocks blazed to new record levels.

Oil down on weak US production data

2013-05-16 07:46

Oil prices are down in Asian trade as caution returned to the market following weak US production data, analysts say.

EU raids oil majors over price-fixing

2013-05-14 19:40

European authorities have raided the offices of top oil firms Shell, BP and Statoil as part of an investigation into suspected manipulation of oil prices.

Oil rebounds on bargain-hunting

2013-05-14 07:56

Oil rebounded in Asia on bargain-hunting following an overnight decline, but analysts said economic worries in the US and China would continue to weigh on sentiment.

Strong dollar hits shares; Nikkei soars

2013-05-13 08:21

Oil and gold prices fell as the dollar strengthened, weighing on Asian shares, but Japanese equities outperformed on the back of the yen's slide.

Oil down on US stockpiles gain

2013-05-10 07:32

Oil prices were lower in Asian trade on a rise in US stockpiles, with the strong dollar also putting pressure on prices, analysts said.

Oil rebounds on bargain hunting

2013-05-02 07:59

Oil rebounded in Asian trade on bargain hunting following a recent sharp fall, but analysts say prices will continue to be weighed down by signs of weaker demand.

Relief for motorists

2013-04-26 12:56

The price for a litre of petrol is going down by much more than the 64c expected by economists.

Oil prices rise on US stockpile data

2013-04-25 07:55

Oil prices rose in Asia, buoyed by a lower-than-expected gain in US crude stockpiles and hopes of an interest rate cut by the European Central Bank.

Tullow Oil fails to find more oil

2013-04-23 13:10

British exploration company Tullow Oil has revealed that it has not located any more crude oil off the coast of French Guiana.

Oil buyers owe Iran $4bn - official

2013-04-22 07:59

Iran is owed $4bn for oil sales to customers who have been unable to pay due to sanctions imposed on the nation over its nuclear programme, an Iranian official says.

Brent rises toward $100

2013-04-19 10:31

Brent crude has climbed towards $100 a barrel but worries about higher crude output in the US and lower global demand have kept a lid on prices.

Africa's richest man to build refinery

2013-04-17 08:36

Africa's richest man, Aliko Dangote, plans to invest up to $8bn to build a Nigerian oil refinery with a capacity of about 400 000 barrels a day by late 2016.

Oil tumbles on slower Chinese growth

2013-04-16 07:59

Oil prices tumbled further dragged by prospects of weaker crude demand from China after data showed the country's economy was not growing as fast as expected.

Oil down as China's GDP eases

2013-04-15 07:57

Oil prices fell sharply after China's first quarter economic growth came in below expectations, with sentiment also weighed by forecasts of weaker global demand.

Oil, gas tests enrage environmentalists

2013-04-14 15:55

Environmentalists are fuming after Eastern Cape authorities admitted to testing for oil and gas between the Port Elizabeth and Jeffreys Bay shorelines.

Oil falls on supply increase

2013-04-11 07:49

The price of oil fell toward $94 a barrel after data showed that inventories of crude continued to rise in early April.

Oil up as Japanese stocks soar

2013-04-08 07:53

Oil was up in Asia, buoyed by strong Japanese equities as the market recovered from a downbeat US jobs report, analysts said.

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