Oil holds losses near $50 as investors weigh deal

2016-10-21 09:18

Crude has held losses near $50 a barrel as investors weighed the likelihood of a deal to reduce supply.

UK gas on longest winning streak in nine years

2016-10-17 15:00

Britain’s heating season has started with a bang, as natural gas contracts reverse a two-year slump.

Oil from Kazakhstan's Kashagan field exported for first time

2016-10-16 13:22

Kazakhstan's vast offshore Kashagan oil field has produced its first crude for export, authorities in the ex-Soviet nation says, in spite of many setbacks.

Oil rebound’s dirty little secret threatens US gas bulls

2016-10-14 10:14

One of the biggest threats to an extended rally in US natural gas prices is lurking in the oil patch.

Asia markets boosted by energy rally, Samsung tumbles

2016-10-11 08:05

Energy shares have led a rally in Asian stock markets after Russia said it would join Opec in limiting oil output, but Samsung tumbled after it stopped sales of the Note 7.

Shell signs initial deal to return to Iran

2016-10-10 12:25

Royal Dutch Shell has confirmed that it has signed an initial deal with Iran's National Petrochemical Company, paving the way for a return to Iran.

More energy efficiency despite low oil prices - IEA

2016-10-10 12:07

Energy efficiency has accelerated despite low oil prices, according to a report by the International Energy Agency.

US oil rises above $50 a barrel for first time

2016-10-06 15:10

Oil has climbed above $50 a barrel for the first time since June as declines in US crude inventories and OPEC’s pledge to reduce supply fanned hopes the global glut may clear.

Crude rises to three month high

2016-10-05 12:13

Oil has climbed to a three-month high in New York, approaching $50 a barrel, after weekly industry data indicated that US crude stockpiles plunged last week.

Oil rises to three-month high as investors asses OPEC agreement

2016-10-03 14:21

Oil has climbed to the highest level in three months in New York as traders continued to assess last week’s change in OPEC policy.


Nigeria expects 22% jump in oil output

2016-10-17 15:15

Opec member Nigeria expects its oil production rate to jump by 22% by the year-end to 2.2 million barrels per day from current levels, its oil minister says.

Oil extends decline as US producers boost drilling amid glut

2016-10-17 07:00

Oil has extended its declines after US producers increased drilling as the market contends with an overhang of crude inventories at the highest seasonal level in 3 decades.

How Russia's Rosneft rose to top with Kremlin's help

2016-10-14 16:23

Once a little-known firm, Russia's Rosneft has enjoyed a meteoric rise under President Vladimir Putin's rule to become the world's largest publicly traded oil company.

Egypt seeks alternatives after Saudi halts fuel deliveries

2016-10-11 16:10

Egypt has invited tenders to meet its refined oil products needs for October after Saudi Aramco has halted the expected delivery of 700 000 tonnes for this month.

Brent oil hits one-year high as optimism grows

2016-10-10 16:23

Oil has risen to a one-year high in London as Saudi Arabia expressed optimism that OPEC will work out a deal with other producers.

$60 oil 'not unthinkable' by year-end - Saudi

2016-10-10 12:16

Saudi Arabia says it is "not unthinkable" that the price of crude oil could be $60 a barrel by the end of the year, but warned against drastic production cuts.

Oilgate: AG confirms billions are missing. Why no action from Hawks, NPA?

2016-10-10 06:00

How are Zuma and the Guptas able to ignore laws that apply to the rest of society? A retired Supreme Court judge explains why.

Oil halts gain below $50 as Goldman sees rally supporting output

2016-10-06 07:25

Oil has halted gains below $50 a barrel as investors weighed falling US stockpiles against speculation the recent price rally will encourage producers to raise output.

Iran will sign landmark oil contract

2016-10-04 09:56

Iran, fresh from an OPEC meeting where it won significant concessions from regional rival Saudi Arabia, will accelerate the rejuvenation of its sanctions-ravaged energy industry.

Oil halts gains as US adds rigs while Iran seeks export boost

2016-10-03 09:48

Oil has halted three days of gains as US producers increased drilling and Iran signalled it’s seeking to boost exports after OPEC agreed to reduce output last week.

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