ARTICLES RELATING TO OIL

Fuel shortages hit Nigeria

2015-03-03 18:06

Nigeria's main cities are facing acute gasoline shortages as importers feel the pinch of a plummeting currency, tighter credit lines and unpaid government subsidies.

Oil prices stabilise in Asian trade

2015-03-02 07:27

Oil prices have stabilised in Asia following sharp gains as dealers predicted the end of volatile trading and the beaten-down commodity bottoming out.

Russia to tap $50bn from emergency fund

2015-02-27 15:00

Russia plans to spend more than $50bn from its emergency Reserve Fund in 2015 as falling oil prices cause the government's deficit to rise.

Oil prices down in Asian trade

2015-02-26 07:57

Oil prices have fallen in Asia but losses were curtailed as dealers focused on positive elements of a mixed US energy stockpiles report,according to analysts.

Budget 2015: AJ Jansen van Nieuwenhuizen – Nene’s got a tough road to walk

2015-02-25 11:08

Tax guru AJ Jansen v Nieuwenhuizen wonders whether Nene realises just how tough his job is going to be to balance his budget in the coming years.

Nigeria will call emergency Opec meeting

2015-02-24 11:10

Nigeria will call an extraordinary meeting of Opec if crude oil prices slip any further, in a sign of growing alarm over the impact of oil's collapse on oil

Oil prices extend slide

2015-02-23 16:14

Oil prices have slid, extending last week's sharp decline as the dollar strengthens on eurozone strains.

Yemen oil revenues drop almost $1bn in 2014

2015-02-22 15:48

Yemen has suffered a drop of around $1bn in revenue from oil exports last year due to nosediving crude prices and the sabotage of pipelines.

Oil prices ending week on steady note

2015-02-20 15:12

Oil prices have steadied, recovering from the previous day's sell-off on official data showing US crude stockpiles at record highs amid a global supply glut.

Oil prices recover slightly in Asia

2015-02-20 07:25

Oil prices have climbed, recovering slightly from a sell-off caused by news that US stockpiles have reached record highs, adding to global supply glut worries.

 

Oil prices rise in Asian trade

2015-03-03 07:16

Oil prices have lifted in Asia, but gains were capped as dealers sat on the sidelines eyeing negotiations aimed at ending a strike at some US crude refineries.

Libya's oil production more than 400 000bpd

2015-03-01 16:31

Libya's oil production is now at more than 400 000 barrels per day, says an official from the National Oil Corporation.

Oil prices rebound in Asian trade

2015-02-27 07:44

Oil has bounced back in Asia on bargain-hunting after tumbling in the previous session over a further surge in US crude reserves, adding to the global supply glut.

Plunging oil prices "plus" for US economy - Yellen

2015-02-25 12:00

Surging US oil production has contributed to the sharp drop in global oil prices, but Fed Reserve Chairperson Janet Yellen has little doubt about the benefits of cheaper energy.

Oil prices up ahead of US supply report

2015-02-25 07:34

Oil has edged higher in Asia ahead of a key report expected to show further build-up in US crude inventories, further hitting prices in an oversupplied market.

Oil prices slide on lofty supplies

2015-02-24 07:26

Oil prices have fallen, extending last week's slide as US crude supplies linger at historic levels.

Oil prices rebound in Asian trade

2015-02-23 07:37

Oil has rebounded in Asia as speculators hunted for bargains following a sharp decline last week, but analysts said prices remain weighed by an oversupply.

Libyan port to halt oil exports for repairs

2015-02-22 13:57

Libya's Hariga oil port will halt crude exports for around 10 days to make repairs to a damaged pipeline linking it with the Sarir oil field, says an official.

US ports dispute taking toll on economy

2015-02-20 09:06

Federally mediated talks to end a grinding labour dispute at US West Coast ports has entered their third day as complaints mounted.

Oil plummets before US inventories data

2015-02-19 15:41

Oil has plunged before the release of a closely-watched report that is expected to show a surge in US stockpiles to a 33-year high, adding to a global supply glut.

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