Oil prices slide as output cut hopes fade

2016-02-08 15:21

Oil prices have sunk, matching a fierce selloff on stock markets, as hopes of a cut to crude output faded.

National Oil warns about ‘illicit’ sales

2016-02-07 18:08

National Oil Corp in western Libya has warned traders against loading “illicit” cargoes of oil at Hariga port in the eastern part of the country.

Oil up as weak dollar offsets supply concerns

2016-02-05 07:49

Crude prices have risen as a weaker US dollar offset concerns over a global supply glut and diminishing hopes of a near-term deal by major petroleum producers to cut output.

Oil prices extend rebound in Asia

2016-02-04 07:30

Oil prices have extended their rebound in Asia, buoyed by a weaker dollar, bargain buying and fresh speculation of a possible output cut by the OPEC producers' group.

Oil holds firm before US inventories

2016-02-03 14:28

World oil prices have risen slightly, after briefly slipping under $30 a barrel, as traders awaited the weekly update on energy inventories in the United States.

IMF ready to lend to African oil producers

2016-02-03 09:58

The International Monetary Fund stands ready to help sub-Saharan Africa's oil exporters cope with plunging crude prices and growing fiscal pressures.

Oil extends deep losses, WTI falls below $30

2016-02-03 07:36

Oil prices have extended sharp losses for a second day as traders anticipate another rise in US crude stockpiles, worsening the global glut.

BP slumps into $6.5bn loss on oil collapse

2016-02-02 11:32

British energy giant BP has slumped into a vast loss in 2015, ravaged by the dramatic collapse in oil prices.

Oil prices extend losses in Asia

2016-02-02 07:53

World oil prices extended losses in Asia on weak economic data from top energy consumer China and as hopes fade for an output cut among top producers.

Oil declines as China's industrial declines worsens

2016-02-01 08:58

Oil has slumped as China’s factory gauge signalled conditions deteriorated for a sixth month and data showed Kuwait and Nigeria helped boost crude production from OPEC.


Oil prices dip as supply fears offset Saudi-Venezuela talks

2016-02-08 07:39

Crude prices have edged down in Asia as worries about the ongoing supply glut offset news that Saudi Arabia and Venezuela held talks on stabilising the stressed market.

Oil ends lower on supply glut concerns

2016-02-07 11:35

Oil prices have dropped, leaving the market lower for the week, as a prolonged supply glut weighed on sentiment.

Oil market rebounds slightly

2016-02-04 14:34

Oil prices have extended their rebound, buoyed by a weaker dollar, bargain buying and fresh speculation of a possible output cut by the OPEC producers' group.

Oil trades near $30 after biggest 2-day drop in 7 years

2016-02-03 16:52

Oil has traded near $30 a barrel after the biggest two-day drop in almost seven years as US industry data showed crude stockpiles increased, exacerbating a global surplus.

Oil industry plans to keep investors happy: borrow more money

2016-02-03 12:18

The world’s largest oil companies have a plan to weather the worst market in over a decade: borrow more money.

Plunge in oil price batters ExxonMobil earnings

2016-02-03 09:22

ExxonMobil has announced plans to slash its capital budget and suspend its share repurchase programme after the crash in oil prices cut deeply into its earnings.

Oil prices extend losses

2016-02-02 15:50

World oil prices have slid further in the wake of poorly-received economic data out of top energy consumer China.

Oil price fall, weak China data fuel yen-buying

2016-02-02 09:28

The yen has gotten a lift while emerging currencies took a hit as a renewed fall in oil prices and weak China data clobbered market sentiment.

Sasol one step closer to drilling in Mozambique

2016-02-01 18:04

Sasol has gained "permission to drill for appraisal" at an area adjacent to its Pande and Temane gas fields in Mozambique.

Oil market ends turbulent month a touch higher

2016-01-31 18:46

The oil market has scored modest gains, ending a turbulent January that drove prices sharply lower amid worries about the global crude oversupply.

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