Oil nears $50 as US inventories fall

2016-05-25 15:10

Oil prices have edged towards $50 a barrel after hitting the highest levels this year on a larger-than-expected drop in US stockpile.

Oil spill pollutes Albanian coast

2016-05-24 18:29

Local authorities say that oil spilled from a ship has polluted a tourist beach in southwestern Albania.

Oil prices dip as Canadian oil evacuations lifted

2016-05-24 07:33

Oil prices have slipped after Canadian officials lifted evacuation orders for several oil production sites in fire-ravaged Alberta province.

Oil prices dip after Iran says it won't freeze output

2016-05-23 07:27

Oil prices have dipped in Asia after Iran said it has no plans to join any output freeze by other major crude producers.

Double blow for petrol price

2016-05-20 12:58

Motorists have been fortunate in 2016 so far, with lower oil prices buffering a weak rand, but now both will have an impact on the petrol price, cautions the AA.

Firms merge into $13bn oil services firm

2016-05-19 16:30

Oil and gas services companies Technip of France and American peer FMC Technologies say they have agreed to merge.

Oil prices extend pullback as dollar rises

2016-05-19 07:20

Oil prices have extended their retreat after a hawkish US Fed meeting strengthened the dollar and a weekly report showed a rise in US crude stockpiles.

Algeria signs oil, gas deal to boost sales

2016-05-17 11:31

Algeria will supply oil and other energy products to Jordan for the first time under a memorandum of understanding signed this week, as it seeks to diversify sales.

Oil hits fresh 2016 highs on supply hopes

2016-05-16 07:41

Oil has climbed to fresh 2016 highs as a slowdown in US drilling and a rise in Chinese crude refinery processing bolstered hopes that the supply glut will ease.

OPEC says oil glut 'may ease' by 2017

2016-05-13 14:22

OPEC says a global crude glut that has squeezed the market and sent prices plunging over the past year "may be easing" as a result of countries outside the cartel.


Oil nears $50 as US inventories fall

2016-05-25 07:20

Oil prices have edged towards $50 a barrel after a larger-than-expected dip in US stockpiles resulting from wildfires that have disrupted oil production in Canada.

Oil drifts lower on stronger dollar

2016-05-24 14:48

Oil have dipped as a stronger US dollar and progress in controlling wildfires in Canada's crude-producing Alberta province dampened prices.

Oil prices dip as Iran says no plan to freeze output

2016-05-23 15:07

Oil prices have slipped after Iran said it had no plans to join any output freeze by other major producers.

Oil prices resume rise

2016-05-20 15:12

World oil prices resumed their rise Friday after the dollar eased and militants blew up another pipeline in African producer Nigeria.

Brent back above $49 as oil prices resume uptick

2016-05-20 07:10

Brent crude has powered back above $49 a barrel as oil prices resumed their rise after the dollar eased and militants blew up another pipeline in Nigeria.

Oil market extends pullback as dollar rises

2016-05-19 14:15

Oil prices have extended their retreat after hawkish US Federal Reserve meeting minutes strengthened the dollar.

Oil approaches $50 on Canadian wildfires

2016-05-18 15:12

Crude prices have approached $50 as escalating wildfires in Canada's oil sands region helped to reduce a global supply glut.

Brent creeps toward $50 as crude prices hit new 2016 highs

2016-05-17 07:12

Brent crude has pushed towards $50 a barrel, boosted by supply disruptions from the escalating Canadian wildfires and armed attacks against oil facilities in Nigeria.

Oil prices fall as OPEC eyes easing supply glut

2016-05-13 14:51

Oil prices have fallen as OPEC became the latest organisation to indicate that the global supply glut was set to ease.

Oil prices take breather but uptrend likely to continue

2016-05-13 07:50

Oil has fallen in Asia as investors took a breather from a price rally spurred by the IEA's forecast that crude oversupply would shrink dramatically later this year.

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