Oil prices rebound in Asian trade

2014-04-24 07:32

Oil prices have rallied in Asian trade as heightened tensions in Ukraine overshadowed data showing US commercial crude oil inventories reaching an all-time high.

Oil prices steady before US inventory data

2014-04-23 15:34

Oil prices have steadied as traders await weekly US energy inventory data for clues about demand in the world's biggest consumer of crude.

Oil up ahead of US stockpiles report

2014-04-23 07:27

Oil prices have inched higher in Asian trade on hopes that a key US stockpiles report would beat bearish forecasts, easing concerns about tepid demand.

Oil prices ease in Asian trade

2014-04-22 07:40

Oil prices have dipped in Asian trade but the losses were limited by lingering concerns about the crisis in Ukraine, analysts said.

Total makes 'promising' oil find

2014-04-17 15:30

French energy giant Total has announced it has discovered oil in deep waters off the coast of Ivory Coast, constituting a "very promising result".

Oil prices stable amid Ukraine talks

2014-04-17 14:45

Oil prices have diverged slightly as dealers weighed lingering concerns over the Ukraine crisis with a weaker-than-expected US stockpiles report, analysts say.

Technip, Heerema win Angolan oil contract

2014-04-16 15:46

The ultra-deep Angolan offshore oil project generated the third huge contract in three days when Total picked two firms to carry out projects worth $3.5bn.

Oil prices mixed after weak China data

2014-04-16 07:36

Oil prices have been mixed in Asia after Chinese economic growth slowed further in the first quarter of the year, while investors await the US supply report.

Oil prices down in Asian trade

2014-04-15 07:24

Oil prices have eased in Asian trade, but losses were limited as Ukraine tensions raised fears of a disruption to energy supplies to Western Europe.

Total goes ahead with Angolan oil project

2014-04-14 14:16

Total has given the go-ahead to the Kaombo oil project offshore Angola after reducing costs by $4bn to $16bn, a move that could help Angola keep up oil output.

Oil prices up as Ukraine tensions escalate

2014-04-14 07:29

Oil prices have edged higher in Asian trade on escalating Russia-Ukraine tensions that had Moscow and the West locking horns at emergency UN talks.

Russian oil deal with Iran to follow UN rules

2014-04-11 11:37

Russian Finance Minister Anton Siluanov says any oil-for-goods deal between Moscow and Iran would follow United Nations rules on sanctions, not US rules.

Oil prices drop after weak Chinese data

2014-04-10 19:21

Oil prices have fallen after weak Chinese trada data, but losses were curbed by upbeat US demand and tensions over Ukraine, analysts say.

Oil prices down in Asian trade

2014-04-10 07:26

Oil prices have eased in Asian trade, but losses were curbed by upbeat sentiment over the latest US supply report and lingering doubts about Libyan exports.

Oil prices mixed on growing Ukraine fears

2014-04-09 07:21

Oil prices have been mixed in Asian trade following big gains in European and US trade that were fuelled by renewed Russia-Ukraine tensions.

Vanishing volatility signals oil market shift

2014-04-08 12:32

The oil market has rarely been so quiet, as benchmark Brent has traded in a narrow range since the summer of 2012, writes John Kemp.

Oil price 'fair' despite factors

2014-04-07 12:31

Kuwaiti Oil Minister Ali al-Omair says that current oil prices are "fair" despite strong geopolitical factors impacting the region.

Ibiza oil-drilling plans face firm resistance

2014-04-04 10:51

Plans to drill for oil off the Spanish holiday island of Ibiza have met with fierce opposition from locals, who fear the beaches and marine life will be damaged.

Oil prices mixed in Asian trade

2014-04-04 07:48

Oil prices have been mixed in subdued Asian trade as dealers stood on the sidelines bracing for the release of a key US jobs report, analysts said.

Oil prices mixed in Asian trade

2014-04-03 07:22

Oil prices have been mixed in Asian trade as investors weighed a surprisingly robust US stockpiles report with an expected return of Libyan supply.

Oil prices rise in Asian trade

2014-04-02 07:49

Oil prices have edged higher in Asian trade following upbeat global economic data but a lack of fresh leads was curbing further gains, analysts said.

Oil prices fall after strong gains

2014-03-31 14:57

Oil prices fell as dealers booked profits after strong gains last week fuelled by positive US economic data and the tensions in Ukraine.

Brent influenced by European tensions

2014-03-31 12:03

Brent crude traded near a two-week high as simmering tensions between Russia and the West offset a rise in oil supply from Opec's second-largest producer Iraq.

Oil quest threatens Africa's oldest reserve

2014-03-30 13:51

The quest for oil may be the latest threat to Africa's most venerable wildlife reserve, located in the DRC and already hard hit by deforestation and poaching.

Oil prices mixed in Asia trade

2014-03-28 07:22

Oil prices have been mixed in Asian trade after posting solid gains in New York on optimism over US growth and concerns about supply disruptions in Nigeria.


India to make $1.65bn oil payment to Iran

2014-04-23 18:45

India is set to pay Iran $1.65bn over the next three months under an interim nuclear deal that eases sanctions on Tehran, sources say.

Nigeria oil contracts favour local firms

2014-04-23 10:59

Nigeria has awarded most of its long-term oil contracts worth an estimated $40bn a year to local companies, according to a confidential list.

Libya budget cuts to offset oil losses on cards

2014-04-22 11:10

Libya must slash its budget by a third and halt infrastructure funding, says the parliament's budget committee.

Shell plans Russian expansion

2014-04-21 15:00

The Royal Dutch Shell boss has told President Vladimir Putin in Moscow that his company wants to expand its operations in Russia.

Iran oil exports fall to five-month low

2014-04-17 15:00

Iran's crude oil exports have dropped for the first time in five months in March and are expected to fall further in April.

Oil prices rise in Asian trade

2014-04-17 07:18

Oil prices have lifted in Asian trade on lingering concerns over the Ukraine crisis, but analysts said a bearish US stockpiles report was dampening sentiment.

Oil prices advance on Ukraine, weak dollar

2014-04-16 13:29

Global oil prices have rallied on Ukraine tensions, the weak dollar and before weekly data about crude inventories in the US.

Oil prices slip

2014-04-15 14:10

Oil prices have fallen on profit-taking one day after Russia-Ukraine tensions had sent them higher.

Glencore to buy Chad oil firm

2014-04-14 22:00

Glencore Xstrata has agreed to buy Caracal Energy - a deal that will allow the commodity giant to expand in the oil sector.

Brent climbs as Ukraine crisis worsens

2014-04-14 11:08

Brent crude futures have risen above $108 a barrel, supported by rising tensions over Ukraine that have raised the risk of a military confrontation with Russia.

Crimea clouds oil market outlook - IEA

2014-04-11 11:49

The global oil market is returning to a rough balance but Russia's annexation of Crimea has clouded the outlook, the International Energy Agency says.

Crude oil prices fall further in Asia

2014-04-11 07:35

Oil prices have extended losses in Asian trade as data showing a slowdown in China's giant economy sparked concerns about weak demand.

Price of oil falls from a five-week high

2014-04-10 10:05

Benchmark crude for May delivery was down in electronic trading on the New York Mercantile Exchange.

Oil prices steady before US data

2014-04-09 15:15

Oil prices have steadied as traders await energy inventory data from the United States for demand clues regarding the world's biggest crude consumer.

Oil market rallies on Ukraine tensions

2014-04-08 20:14

Global oil prices have advanced on renewed Ukraine tensions after pro-Russian protesters seized government buildings in the eastern city of Donetsk.

Oil prices rise on Ukraine fears

2014-04-08 07:27

Oil prices have lifted in Asian trade on renewed fears about Ukraine after pro-Russian protesters seized government buildings in the eastern city of Donetsk.

Oil prices ease in Asian trade

2014-04-07 07:32

Crude prices have dropped in Asian trade after rebels agreed to reopen two of the four blockaded oil terminals in eastern Libya, analysts said.

Brent set for worst week in three months

2014-04-04 10:03

Brent crude has steadied, but stayed on track for its biggest weekly fall in three months as Libya's major oil ports could open in days and boost supplies.

Oil slides on prospect of Libyan supplies

2014-04-03 13:48

Global oil prices have dropped on an expected return of Libyan supplies after a months-long disruption in exports, say analysts.

Oil market drops before US data

2014-04-02 14:11

Global oil prices sank as traders awaited the key economic data and weekly crude inventories in top-consuming nation the United States, analysts say.

Oil prices dip on Ukraine crisis easing hopes

2014-04-01 07:32

Oil prices have slipped in Asian trade as reports of a partial withdrawal of Russian troops raised hopes of an easing in the East-West standoff.

Oil prospecting threatens wildlife in DRC park

2014-03-31 13:44

The World Wildlife Fund has voiced concern about a planned operation to prospect for oil in the Virunga National Park in the Democratic Republic of Congo.

Crude prices ease in Asia on profit taking

2014-03-31 07:25

Oil prices have eased in Asian trade as traders booked profits after strong gains last week on positive US economic data and the tensions in Ukraine.

Oil prices higher on US optimism

2014-03-28 15:42

Global oil prices rose as traders took their cue from upbeat US economic indicators and concerns over supply disruptions in Nigeria.

Oil prices extend gains

2014-03-27 17:22

Oil prices rose solidly for a second day running on robust US economic data and supply disruptions in Africa's main crude producing nations, analysts say.

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