ARTICLES RELATING TO OIL

Oil prices dip on Opec uncertainty

2014-09-18 13:49

Crude oil prices have eased as financial markets focused on Scotland's independent vote, while reacting to US data and uncertainty over Opec's outlook.

Oil prices down on US stockpiles surge

2014-09-18 07:44

Oil prices have fallen in Asia following an unexpected surge in US stockpiles and reports that Opec is unlikely to slash production when it meets in November.

Opec's Badri expects to lower output target

2014-09-16 19:51

Opec's secretary general says he expected the group to lower its oil output target, which would be its first formal output cut since the 2008 financial crisis.

Oil prices mixed in Asian trade

2014-09-16 07:18

Oil prices have been mixed in Asia following weak data from top energy consumers the US and China, and as dealers await a key US Federal Reserve meeting.

Oil prices fall after weak Chinese data

2014-09-15 07:18

Oil prices have slipped in Asia after a sharp slowdown in Chinese industrial output raised concerns about slackening demand in the world's top energy consumer.

Falling oil price tilts balance in US favour

2014-09-12 18:55

The drop in oil prices underlies how the shale oil revolution is creating a political and economic advantage for Washington and its Western allies.

Brent heads for six-week low

2014-09-12 09:55

Brent crude has held above $98 a barrel, heading for its worst week in six as concerns over weak demand outweighed geopolitical worries.

No need for urgent Opec meet - Kuwait

2014-09-11 16:30

Opec member Kuwait says there was no need to call an emergency meeting for the producers' cartel to discuss sliding oil prices after crude hit a 17-month low.

Oil slips below $98 as supplies increase

2014-09-11 11:35

Brent crude has dropped below $98 a barrel, as worries about ample supply and weak demand have dragged prices to 17-month lows.

Brent hits 16-month low below $99

2014-09-10 14:59

Brent crude has dropped to a new 16-month low below $99 a barrel as rising supplies and weak demand has helped extend losses into a fifth session.

Oil prices rise ahead of US stockpiles report

2014-09-10 07:36

Oil prices have lifted in Asia as dealers awaited the latest US supply report for clues about demand in the world's top crude consumer, analysts said.

Oil prices mixed after Brent drop

2014-09-09 13:34

The oil market has diverged as traders paused for breath, one day after Brent crude hit a 16-month low under $100 on the back of ample supplies.

Brent crude hits 16-month low on weak data

2014-09-09 09:30

Brent crude has tumbled below $100 a barrel, the first time in nearly 15 months, before returning to close in three-digit territory.

Benchmark Brent oil price falls

2014-09-08 13:00

Brent crude oil, the European benchmark, has dropped to under $100 for the first time for more than 14 months owing to a strong supply situation.

Oil prices down after weak US jobs report

2014-09-08 07:39

Oil prices have dipped in Asia as a disappointing US jobs report tempered sentiment about demand in the world's top crude consumer.

BP to fight ruling by US judge

2014-09-05 15:08

BP is planning to appeal a ruling by a US judge, as the oil group faces a possible $18bn fine and a lengthy legal process.

Oil retreats before ECB, US energy report

2014-09-04 13:03

Oil has dipped as dealers squared positions before the ECB's interest rate decision and the latest snapshot of US crude inventories, say analysts.

Oil prices rebound in Asia

2014-09-03 07:34

Oil prices have rebounded in Asia on bargain-hunting after falling to multi-month lows due to a surge in the US dollar and weak global manufacturing data.

Oil mixed after weak China, Europe data

2014-09-02 07:15

Oil prices have been mixed in Asia after disappointing manufacturing data from China as well as Europe, and as dealers await fresh US economic figures.

Oil prices mixed in Asian trade

2014-09-01 07:32

Oil prices have been mixed in muted Asian trade ahead of a public holiday in the United States and as dealers digest downcast Chinese manufacturing data.

Uganda's oil reserves double

2014-08-29 19:30

Uganda's estimated oil reserves have almost doubled to more than 6.5 billion barrels based on new estimates by international oil companies prospecting.

Oil prices up on Ukraine tensions

2014-08-29 09:10

Oil prices have risen in Asia supported by renewed Russia-Ukraine tensions and upbeat US economic data.

Latin America woos foreign oil firms

2014-08-28 13:00

Some of Latin America's largest oil producers are on a charm offensive to woo foreign investment, but are still keen to keep a firm government grip.

Oil rises before US crude inventories report

2014-08-27 12:43

Global oil prices have climbed as dealers awaited the latest US stockpiles report for clues about demand in the world's top crude consumer.

Brent inches up, supply glut caps gains

2014-08-26 10:19

Brent crude has edged up, rising for a second session, although persistent supply pressure and weak economic data in major consumer countries curbed gains.

 

Nigeria oil strike still on

2014-09-18 11:47

Nigerian oil unions have continued a strike they say could affect exports if no agreement is reached with the government.

Moscow warns against panic as ruble plunges

2014-09-16 20:15

Russian authorities told people not to panic as the battered ruble plunged to record lows, floored by tensions with the West, new sanctions and falling oil prices.

No change in tight oil plans - Russia

2014-09-16 17:33

Russia is not changing its plans for developing hard-to-extract oil despite Western sanctions, the minister of energy says.

Brent oil hits another two-year low

2014-09-15 14:33

Global oil prices have hit a fresh two-year low as weak Chinese economic data stoked concerns about the strength of world energy demand.

Oil prices fall on concerns about oversupply

2014-09-14 10:40

Oil prices have dropped, resuming a downward tilt due to concerns about a mismatch between lofty petroleum supplies and tepid demand growth.

Scotland 'Yes' vote will trigger dispute

2014-09-12 15:45

Scotland will ask Britain to help finance the cost of removing old North Sea rigs and pipelines even if it votes for independence.

Oil down in Asia on demand downgrade

2014-09-12 07:27

Oil prices have fallen in Asia after the International Energy Agency slashed its forecast for world crude demand and as dealers await key US economic data.

Oil hits two-year low as supplies build

2014-09-11 16:20

Brent crude has dropped to a two-year low below $97 a barrel, falling for a sixth straight session as mounting supply and weak demand outweigh speculation.

Oil prices edge up

2014-09-11 07:45

Oil prices have risen in Asia after US President Barack Obama vowed to destroy jihadist militants in crude producers Syria and Iraq.

Brent crude price slides further

2014-09-10 09:21

Oil prices in London has continued their steady slide amid a flush market and little upside to the current demand picture.

SA wants to resume Iran oil imports

2014-09-09 15:32

South Africa hopes to resume oil imports from Iran, once its biggest supplier of crude, and hopes to resolve "sanction issues" that have blocked purchases.

Rosneft struggles to grow, sanctions hit Russia

2014-09-09 11:15

The Kremlin's prized oil firm Rosneft is cutting staff and production and selling stakes in Siberian fields in the strongest evidence to date.

Oil prices mixed in Asia

2014-09-09 07:26

Oil prices have been mixed in Asia, coming under pressure on concerns about fragile demand, flush global supplies and a surging US dollar.

Weak rand boosts Sasol earnings

2014-09-08 09:20

Sasol has reported a 14% rise in full-year earnings, boosted by higher chemical prices and a softer rand, but the result fell short of analysts' expectations.

Fines could prompt BP to cut Russia exposure

2014-09-05 16:15

The prospect of up to $18bn in new fines for the 2010 Gulf of Mexico oil spill could encourage BP to sell off some of its Russian interests.

Oil prices down in Asia

2014-09-05 07:43

Oil prices have fallen in Asia as dealers digested a mixed US inventory report and a new round of interest rate cuts by the European Central Bank.

Oil prices down in Asian trade

2014-09-04 07:32

Oil prices have slipped in Asian trade as dealers squared their positions after a rally spurred in part by hopes of a resolution to the Ukraine conflict.

Oil prices down after weak China, Europe data

2014-09-02 14:03

World oil prices have fallenl after disappointing manufacturing data on China as well as Europe, and as dealers await fresh US economic figures.

Oil dips amid US holiday, China data

2014-09-01 15:35

Global oil prices have slid in subdued deals as dealers digested weak Chinese manufacturing data, analysts say.

Shell files new plan to drill in Arctic

2014-08-29 19:45

Shell has submitted a new plan for drilling in the Arctic offshore Alaska, more than one year after halting its programme after several embarrassing mishaps.

Malaysia's Petronas signs Argentine shale deal

2014-08-29 11:15

The Malaysian and Argentine state energy firms Petronas and YPF have signed a deal to invest $550m to develop shale oil in Argentina.

Iraq to appeal US court on Kurdish oil

2014-08-28 17:45

The Iraqi oil ministry says it will challenge a US court decision that stopped US marshals from seizing some one million barrels of disputed Kurdish oil.

Venezuela mulls importing Algerian crude

2014-08-27 19:50

Venezuela's state-run oil company PDVSA is considering importing Algerian light crude to be used as a diluent for its own extra heavy oil, according to documents.

Oil up ahead of US stockpiles report

2014-08-27 07:24

Oil prices have risen in Asia as dealers await the latest US stockpiles report for clues about demand in the world's top crude consumer.

Oil prices up in Asia

2014-08-26 07:35

Oil prices have risen in Asia as dealers await economic data for clues on whether the Federal Reserve will speed up its timetable for raising interest rates

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