Fill up before massive fuel price increase hits

2015-03-31 18:25

Motorists are reminded of their last chance to fill up before a huge fuel price increase comes into effect.

Oil prices fall on oversupply fears

2015-03-30 15:32

Oil has sunk as an oversupplied market offset concerns over unrest in the crude-rich Middle East, where Saudi-led warplanes have struck rebel targets in Yemen.

Oil dives 5% over Yemen worries

2015-03-29 09:32

Oil has tumbled 5% in the US, erasing the previous session's gains, as Yemen's conflict looked less likely to disrupt Middle East crude shipments.

Oil prices in Asia slip after recent gains

2015-03-27 07:41

Oil prices have fallen in Asia, ending a rally as investors weighed potential disruptions in Middle East supplies over the Yemen crisis and a global crude glut.

Oil surges in Asia on Yemen crisis

2015-03-26 11:45

Oil prices have jumped more than 5% in Asia after Saudi Arabian jets struck rebel targets in Yemen, with fears growing that a crisis could threaten crude producers.

Oil prices diverge before US energy report

2015-03-25 16:15

Oil has traded mixed before the release of US stockpiles data, a closely watched barometer of demand in the world's biggest consumer of the commodity.

Saudis claw back market share with oil output

2015-03-24 20:30

Iraq, Venezuela, Russia and Kazakhstan are seeing their oil partially replaced by Saudi crude in Asia, the US and even Europe, as traders say the kingdom offers more oil, more cheaply.

Opec must co-operate to boost oil prices - Saudi

2015-03-23 16:15

Oil producers outside Opec must co-operate to boost falling crude prices as the cartel refuses to take responsibility alone, the Saudi oil minister says.

Oil prices retreat as Saudi pumps extra oil

2015-03-23 15:01

Oil prices have fallen as Saudi Arabia says it is pumping more oil, exacerbating a global supply glut, analysts say.

Sasol cuts more than 1000 jobs to survive lower oil prices

2015-03-22 20:00

Sasol’s survivalist programme, sparked by 'lower for longer' oil prices, has seen it cut more than a thousand jobs and delay a megaproject.


Oil edges lower as Iran nuke deadline looms

2015-03-31 07:40

Oil prices have fallen in Asia as dealers monitored last-ditch efforts between global powers and Iran to reach a deal on Tehran's nuclear programme.

Demand still strong for African oil products

2015-03-30 14:20

African oil products demand growth has remained strong across all regions, according to an independent consultancy focusing on the African energy market.

Iraq oil minister sees $70 crude by end 2015

2015-03-27 10:00

Iraq's Oil Minister has predicted world oil prices could reach $70 a barrel by the end of 2015 and played down the impact of the emerging conflict in Yemen.

Iran storing 30 million barrels of oil at sea

2015-03-26 17:47

Iran is storing at least 30 million barrels of oil on its fleet of supertankers as Western sanctions continue to keep a lid on sales, tanker market sources say.

Oil extends rise in Asian on Yemen crisis

2015-03-26 07:26

Oil prices have jumped in Asia after Saudi Arabian jets struck targets in Yemen, amid fears that a crisis in the country could threaten key Middle East producers.

Oil prices mixed in Asia

2015-03-25 07:36

Oil prices have been mixed in Asia ahead of the release of US stockpiles data, a closely watched barometer of demand in the world's biggest oil consumer.

Oil prices down in Asian trade

2015-03-24 07:27

Oil prices have fallen in Asia following disappointing manufacturing data out of top energy consumer China, and as dealers await fresh US economic figures.

Apicorp secures $950m Islamic loan

2015-03-23 15:45

The Arab Petroleum Investments Corporation says it has secured a $950m Islamic sharia-compliant loan from regional banks.

Oil prices down in Asia

2015-03-23 07:26

Oil prices have fallen in Asian trade after Saudi Arabia said it was pumping more oil, exacerbating a global supply glut, analysts say.

Oil prices falter on robust supplies

2015-03-20 15:13

World oil prices have dropped with the market under persistent pressure from large supplies of crude and a strong dollar, traders say.

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