Oil resumes slide in Asian trade

2014-10-24 07:42

Oil prices have resumed their slide in Asian trade following a sharp rebound the day before as investors wait for more signs of economic growth in Europe.

Oil prices down in Asia

2014-10-23 07:24

Oil prices have tanked further in Asian trade as a crude supply glut overshadowed news that China's key manufacturing sector picked up slightly, analysts said.

Oil prices rise on Chinese data

2014-10-21 14:15

Oil prices have increased as caution returned after a weak rally spurred by upbeat industrial production data from China, analysts say.

Oil prices up on China industrial data

2014-10-21 07:37

Oil prices have risen in Asian trade, buoyed by strong industrial production data from China, the world's top energy consuming nation, analysts said.

Kuwait slams Saudi's halt to joint output

2014-10-20 11:04

A Kuwaiti oil trade union has condemned the unilateral closure by Saudi Arabia of an offshore oilfield jointly operated by the Arab neighbours.

Oil market claws back some losses

2014-10-17 19:08

World oil prices have rebounded on bargain-buying, a day after the US benchmark fell below $80 for the first time in more than two years.

Oil rebound extends in Asia

2014-10-17 07:29

Oil prices have extended a minor rally on bargain-buying after the US benchmark fell below $80 for the first time in more than two years.

2014 ABSA top 5 olive oils

2014-10-16 08:19

The crème de la crème of SA extra virgin olive oils unveiled.

Zuma outlines ambitious oil exploration plans

2014-10-15 16:11

President Jacob Zuma has outlined ambitious plans for oil and gas exploration in coastal waters.

Oil prices reach new depths on oversupply

2014-10-15 14:30

Oil prices have reached new multi-year low points due to a supply glut and weak global demand, analysts say.

Greenpeace gets LEGO to dump Shell

2014-10-15 09:26

LEGO has cut ties with Shell after a successful Greenpeace campaign drew massive public support against the oil giant drilling in the Arctic.

World oil demand to dip in 2015 - IEA

2014-10-14 14:09

The world will see much weaker oil demand growth in 2015 than forecast previously, the International Energy Agency has said.

Oil prices hit new lows in Asia

2014-10-14 07:41

Oil prices have fallen to multi-year lows in Asian trade, with analysts blaming supply glut concerns and the effects of weaker demand from Europe and China.

Oil heads for 4-year low

2014-10-13 12:08

Brent crude oil has fallen to its lowest in almost four years, after producers had signalled they would keep output high even if that meant lower prices.

Oil prices down in Asian trade

2014-10-13 07:57

Oil prices have fallen in Asian trade on growing concerns about demand as equities tumble on global growth woes and supplies increase.

Brent at four-year low on global economy fears

2014-10-10 09:16

Crude prices have tumbled, with Brent hitting a four-year low on concerns about the global economy while the IMF warned the eurozone may slip back into recession.

Firms to invest $2.12bn in Ecuador oil fields

2014-10-09 08:42

Firms from a range of countries will invest $2.12bn to develop oil fields in Ecuador's Amazon basin region.

Oil extends losses as IMF cuts forecasts

2014-10-08 07:26

Oil prices have fallen further in Asian trade on demand concerns after the International Monetary Fund lowered its global economic growth forecasts.

Oil prices down in Asian trade

2014-10-07 07:28

Oil prices have fallen in Asian trade, but analysts say losses were capped by a weakening dollar while dealers await fresh trading cues.

Oil prices slip, dollar stronger

2014-10-06 07:31

Crude prices have slipped to multi-year lows owing to a build-up in supplies while the dollar has rallied in response to a strong US jobs report.

BP asks judge to reconsider ruling

2014-10-03 09:35

BP has asked a US court to reconsider a ruling that found the company "grossly negligent" for the 2010 oil spill in the Gulf of Mexico.

Oil drops under $92 to new 27-month low

2014-10-02 13:02

Oil prices have hit their lowest level since June 2012, with benchmark Brent prices dropping below $92 a barrel.

Oil prices rebound on US data

2014-10-01 19:52

Oil prices have rebounded as official data revealed a surprise drop in US crude stockpiles, indicating firmer demand in the world's biggest economy.

Oil prices rebound in Asia

2014-10-01 07:40

Oil prices have rebounded following sharp falls the day before, with a decline in US consumer confidence and tepid data from China dampening buying sentiment.

Oil prices down in Asian trade

2014-09-30 07:47

Oil prices have fallen in Asian trade following a sharp rise the day before while investors await the release of key economic data this week.


Oil prices stage modest rebound

2014-10-23 13:19

World oil prices have rebounded slightly after sharp losses the previous day sparked by surging crude stockpiles in the United States.

Oil prices dip in Asia after recent gains

2014-10-22 07:30

Oil prices have slipped after a recent upturn in line with a global equities rebound, while investors will be keeping an eye on the Fed's next policy meeting.

Brent extends gains at above $85

2014-10-21 09:29

Brent has edged up, holding above $85 a barrel as robust China oil demand supported prices, although gains were capped by lingering fears of a weak global economy.

Oil prices dip after brief recovery

2014-10-20 14:19

Oil prices have fallen after a brief rebound, with the market weighed down by weak demand growth in an oversupplied market.

Oil prices extend gains in Asia

2014-10-20 07:35

Oil prices have risen in Asia, lifted by a surge in equities after last week's sharp gains on Wall Street, but prices remain tilted due weak demand.

Oil market rebounds

2014-10-17 14:51

World oil prices have rebounded on bargain-buying, a day after the US benchmark had fallen below $80 for the first time in more than two years.

Brent steadies above $85 after big fall

2014-10-16 10:05

Brent crude has edged higher holding above $85 a barrel after its biggest daily fall in three years in the previous session.

Oil prices tumble in Asia

2014-10-16 07:00

Oil prices have resumed their downward spiral in Asian trade following another massive selloff in equities on global economic concerns.

Oil market proves mightier than Opec

2014-10-15 15:45

There is nothing surprising about the fall in oil prices, except perhaps the timing, says John Kemp, Reuters' commodities and energy columnist.

US bid for oil supremacy shakes crude market

2014-10-15 12:11

Propelled by surging shale output, the US is fighting for supremacy in the global oil market even as a pullback in crude prices threatens to challenge the boom.

Oil prices see small rebound in Asia

2014-10-15 07:25

Oil has staged a minor rebound on bargain-buying in Asian trade following sharp falls that have seen prices hit multi-year lows due to weak global demand.

Oil drops close to $88 as supply grows

2014-10-14 09:50

Brent crude has fallen to just above $88 a barrel on in a well-supplied market as expectations faded that Opec may cut output in an effort to shore up prices.

Greenpeace gets LEGO to dump Shell

2014-10-13 12:26

LEGO has cut ties with Shell after a successful Greenpeace campaign aimed at stopping the oil giant drilling in the Arctic.

Greenpeace gets LEGO to dump Shell

2014-10-13 10:01

LEGO has cut ties with Shell after a successful Greenpeace campaign drew massive public support against the oil giant drilling in the Arctic.

Oil prices eke out gains after big losses

2014-10-12 11:48

Oil prices have closed slightly higher, crawling out of deep session losses in a market gripped by worries about weakening global demand and a supply glut.

Oil prices extend losses on demand fears

2014-10-10 07:40

Oil prices have sunk to more than two-year lows as weak German data underscores concerns over a global economic slowdown and its impact on energy demand.

Oil prices extend losses

2014-10-07 13:56

Oil prices have fallen further, weighed down by abundant supplies of crude according to analysts.

Oil prices rebound from heavy falls

2014-10-06 13:40

Crude oil prices have rebounded following last week's heavy falls which sent Brent tumbling to two-year lows against a backdrop of weak demand growth.

Oil market strikes new low

2014-10-03 19:37

Global oil prices have dived to a fresh low point on plentiful supplies, and as the dollar rallied against the euro following strong US payrolls data, analysts say.

Oil prices rise ahead of US jobs report

2014-10-03 07:41

The cost of oil has lifted in Asia ahead of the latest US jobs report and after hitting multi-month lows in response to key exporter Saudi Arabia cutting prices.

Oil prices mixed in Asia

2014-10-02 07:32

Oil prices have been mixed in Asia with gains capped by concerns about a global supply glut and a stronger dollar, according to analysts.

Russia to strategise for sharp oil price drop

2014-10-01 16:15

Russia's central bank is working on measures to support the economy should oil prices fall by as much as a third or more.

Oil prices turn higher on data expectations

2014-09-30 14:45

Global oil prices have gained ground on expectations of upbeat economic data from the United States, the world's largest consumer of crude.

Oil market dips on stronger dollar

2014-09-29 14:50

World oil prices have slid as dealers took their cue from the strengthening US dollar, say analysts.

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