Oil prices edge higher

2016-07-22 16:32

Oil prices have edged higher, rebounding from two-month lows caused by a lingering global supply glut.

Oil trades near two month-low

2016-07-21 15:00

Oil has traded near a two-month low in New York as total US inventories climbed to a record, signalling the surplus will be slow to clear.

Oil prices rebound slightly before US data

2016-07-20 14:47

Oil prices have recovered slightly from two-month lows, as traders looked ahead to US energy inventory data for indications of demand.

Oil prices edge up from two-month lows

2016-07-20 07:49

Oil prices have risen on bargain-buying after hitting two-month lows but gains were hobbled by concerns about an oversupply and weak demand.

Oil trades near $45 amid speculation US output may climb

2016-07-19 12:16

Oil has traded near $45 a barrel amid speculation US production may continue gains as drillers put rigs back to work.

Oil market drifts lower

2016-07-18 15:40

World oil prices have dampened on fading supply concerns following a failed coup in Turkey over the weekend.

Oil slides on resurgent supply glut worries

2016-07-15 15:13

World oil prices have fallen on resurgent worries over a supply glut and weak demand, with some analysts forecasting crude prices could fall to $40 a barrel.

China oil, coal output decline signals more imports to come

2016-07-15 12:27

China’s crude output has dropped 4.6% to 101.59 million metric tons in the first six months of the year, the lowest for that period since 2012, a stats bureau shows.

Woodside taps into big oil find off Senegal

2016-07-14 21:15

Australia's Woodside Petroleum is expanding its push into West Africa, agreeing to buy ConocoPhillips' deepwater stakes off Senegal.

Oil prices rebound on weaker dollar, bargain-buying

2016-07-14 07:44

Oil prices have rebounded in Asia thanks to a weak dollar and bargain-hunting a day after the commodity sank to fresh two-month lows.


Oil prices edge up on weaker dollar

2016-07-22 07:31

Oil prices have ticked higher following the previous day's sharp losses and helped by a weaker dollar, but analysts warned fears over the global supply glut would limit gains.

Oil edges up on increased US stockpile

2016-07-21 07:54

Oil prices have edged up in Asia following US data showing a drop in crude inventories, a sign of a tightening supply market.

Oil halts slide near $45 as US crude stockpiles decline

2016-07-20 13:15

Oil has held near $45 a barrel as US industry data showed a drop in crude stockpiles, paring a surplus in the world’s largest fuel consumer.

Oil market extends losses

2016-07-19 14:28

World oil prices have pulled back as the global glut returned to focus as worries eased about the effects of Turkey's failed coup on shipments.

Oil prices down as Turkey fears ease, glut woes return

2016-07-19 07:28

Oil prices have extended their decline in Asia as the global glut returned to focus, while worries about the effects of Turkey's coup on shipments also eased.

Oil prices up in Asia after strong US, China data

2016-07-18 07:47

Oil prices have extended their rise as robust economic data from the United States and China fuelled hopes of a pick-up in demand from the world's top two economies.

Motorists in for massive petrol price drop - AA

2016-07-15 13:26

SA is set for a huge drop at the pumps next month as the country reaps the benefit of the weak oil price and the firmer rand in the face of Brexit, says the AA.

Oil prices down on resurgent supply glut worries

2016-07-15 07:34

Oil has tumbled in Asia, bucking an equities rally as fears over a supply glut and weak demand returned, with some analysts forecasting crude prices could fall to $40 a barrel.

Oil rebounds on bargain hunting

2016-07-14 14:51

World oil prices have rebounded as dealers snapped up bargain crude, one day after the commodity sank to fresh two-month lows on disappointing US inventories.

IEA sees oil stabilising on higher 2016 demand

2016-07-13 18:30

Higher-than-forecast demand should bolster oil prices throughout 2016, despite high stocks continuing to exert downward pressure on prices, says the IEA.

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