Riven by rivalries, Opec heads to key talks

2016-09-25 19:00

Cartels only work when their members stick together - but precious little unity is likely to be on show among Opec producers at a key meeting in Algiers on Wednesday.

Oil rises on US stockpile drop, weaker dollar

2016-09-22 07:16

Oil prices have climbed, building on the previous day's gains following a bigger-than-forecast fall in US stockpiles, and a plunge in the dollar after the Fed kept interest rates on hold.

Oil declines amid signs rising global supply

2016-09-20 16:47

Emerging-market stock volatility have hovered near the highest level since June as traders awaited verdicts on monetary policy from the Federal Reserve and the Bank of Japan.

Angolan parliament approves smaller budget

2016-09-19 17:40

Angola's parliament has approved a smaller 2016 budget than it had originally planned, after lower oil prices hammered state revenues in Africa's largest crude exporter.

Win with Shell: Expect nothing less than pure performance

2016-09-19 07:38

Today’s engines are designed to deliver consistently good performance, but extreme weather, hours stuck in stop-start traffic and tough terrain can all affect the capability of a car and, over time, the engine.

Oil prices rebound

2016-09-15 14:28

Oil prices have rebounded slightly after tanking the previous day, but gains were capped by US stockpiles data and the prospect of rising output in Libya and Nigeria.

Petrol party turns sour with expected 51c price hike

2016-09-15 12:19

The recent period of fuel price drops is set for a reversal as the weakening rand and stronger global petroleum prices combine to cause pain at the pumps, says the AA.

Oil rebounds as industry data shows modest US stockpile bid

2016-09-14 12:43

Oil has rebounded after industry data showed a smaller-than-expected build in US crude inventories.

Oil up but IEA supply glut warning limits gains

2016-09-14 07:34

Oil edged have higher in Asia but hopes for a sustained rebound were dashed by fresh warnings a global supply glut would persist longer than expected.

Oil prices down as OPEC fans oversupply fears

2016-09-13 07:25

Oil prices have resumed their downward spiral after OPEC sparked fresh worries about an oversupply crisis with a forecast that global output will increase next year.


Oil prices ease as focus shifts to producers' meeting

2016-09-23 07:39

Oil prices have eased in Asian trade on profit-taking, following two days of solid gains as traders turned their attention to next week's planned meeting of key producers.

Oil prices up ahead of US stockpiles data, Fed meeting

2016-09-21 07:32

Oil prices have risen in Asia as traders awaited the release of US energy stockpiles data and a US central bank decision on interest rates.

Oil prices down ahead producers' meeting, US data

2016-09-20 07:18

Oil prices have eased in Asia with analysts expecting volatility in the run up to a producers' meeting next week, while traders are also awaiting the release of US stockpiles data.

Oil prices up on Libya unrest, hopes for output deal

2016-09-19 07:54

Oil prices have edged up in Asia as OPEC member Venezuela indicated a deal to limit output is close while fighting in Libya stopped it kickstarting exports.

Oil prices down as Libya, Nigeria set to raise output

2016-09-16 07:38

Oil prices have fallen in Asia as the prospects of higher output from Libya and Nigeria further fuelled oversupply concerns, cutting short a nascent rebound.

Weak Rand, Gordhan controversy affect SA fuel prices

2016-09-15 12:30

South Africa's recent period of fuel-price reductions is set for a reversal as the weakening Rand and the controversy surrounding finance minister Pravin Gordhan negatively affect the cost of fuel.

Oil struggles after diving on US data, Libya news

2016-09-15 07:39

Oil prices edged up after tanking the previous day but the gains were limited following fresh US stockpiles data and the prospect of a boost in Libyan output.

Deal or no deal, OPEC's freeze talks already succeeding

2016-09-14 11:15

Even as speculation builds over whether OPEC will clinch an output deal with Russia this month, their negotiations are already paying off.

Oil declines as IEA says surplus will last longer than expected

2016-09-13 12:35

Oil has declined as the International Energy Agency changed its view on the global oversupply, seeing a glut persisting into 2017.

Oil market tumbles further

2016-09-12 14:36

Oil prices have dived again on a pick-up in drilling and a strong dollar, as speculation swirled that the Fed Reserve could hike interest rates this month.

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