Iran storing 30 million barrels of oil at sea

2015-03-26 17:47

Iran is storing at least 30 million barrels of oil on its fleet of supertankers as Western sanctions continue to keep a lid on sales, tanker market sources say.

Oil extends rise in Asian on Yemen crisis

2015-03-26 07:26

Oil prices have jumped in Asia after Saudi Arabian jets struck targets in Yemen, amid fears that a crisis in the country could threaten key Middle East producers.

Oil prices mixed in Asia

2015-03-25 07:36

Oil prices have been mixed in Asia ahead of the release of US stockpiles data, a closely watched barometer of demand in the world's biggest oil consumer.

Oil prices down in Asian trade

2015-03-24 07:27

Oil prices have fallen in Asia following disappointing manufacturing data out of top energy consumer China, and as dealers await fresh US economic figures.

Apicorp secures $950m Islamic loan

2015-03-23 15:45

The Arab Petroleum Investments Corporation says it has secured a $950m Islamic sharia-compliant loan from regional banks.

Oil prices down in Asia

2015-03-23 07:26

Oil prices have fallen in Asian trade after Saudi Arabia said it was pumping more oil, exacerbating a global supply glut, analysts say.

Oil prices falter on robust supplies

2015-03-20 15:13

World oil prices have dropped with the market under persistent pressure from large supplies of crude and a strong dollar, traders say.

Cees Bruggemans on the state of SA’s economy

2015-03-19 10:49

Independent economist Cees Bruggemans assesses the state of South Africa’s economy in light of the most recent figures coming from quarter four in 2014.

Oil jumps on Fed rates stance

2015-03-19 05:26

World oil prices have jumped as a cautious Federal Reserve statement offset data showing a big increase in US crude inventories.

Oil prices extend losses in Asia

2015-03-18 07:22

Oil prices have extended their losses in Asia to stay at six-year lows on expectations US crude stockpiles will rise further in a market awash with supplies.


Oil surges in Asia on Yemen crisis

2015-03-26 11:45

Oil prices have jumped more than 5% in Asia after Saudi Arabian jets struck rebel targets in Yemen, with fears growing that a crisis could threaten crude producers.

Oil prices diverge before US energy report

2015-03-25 16:15

Oil has traded mixed before the release of US stockpiles data, a closely watched barometer of demand in the world's biggest consumer of the commodity.

Saudis claw back market share with oil output

2015-03-24 20:30

Iraq, Venezuela, Russia and Kazakhstan are seeing their oil partially replaced by Saudi crude in Asia, the US and even Europe, as traders say the kingdom offers more oil, more cheaply.

Opec must co-operate to boost oil prices - Saudi

2015-03-23 16:15

Oil producers outside Opec must co-operate to boost falling crude prices as the cartel refuses to take responsibility alone, the Saudi oil minister says.

Oil prices retreat as Saudi pumps extra oil

2015-03-23 15:01

Oil prices have fallen as Saudi Arabia says it is pumping more oil, exacerbating a global supply glut, analysts say.

Sasol cuts more than 1000 jobs to survive lower oil prices

2015-03-22 20:00

Sasol’s survivalist programme, sparked by 'lower for longer' oil prices, has seen it cut more than a thousand jobs and delay a megaproject.

Oil prices mixed in Asian trade

2015-03-20 07:31

Oil prices have been mixed in Asia, with analysts warning of further downward pressure owing to a global oversupply and a strong dollar.

Oil prices resume downtrend in Asia

2015-03-19 09:01

Another surge in US stocks has pushed oil prices lower again, giving up some big gains that came after the Fed Reserve cooled the chances of an interest rate hike.

Oil prices extend losses

2015-03-18 16:08

Oil prices have extended losses to six-year lows on expectations that US crude stockpiles will rise further, in a market already awash with supplies.

US oil price nears six-year low

2015-03-17 16:17

New York oil prices have approached six-year lows on worries over growing US stockpiles and after Opec warned of a stubborn global supply glut.

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