Oil declines on concerns over China, global economic growth

2019-01-22 14:09

Oil fell amid mounting concerns that slowing growth in China, and the global economy in general, will undermine demand for crude.

Stocks rise as trade optimism adds fuel to rally

2019-01-18 09:45

Stocks in Asia gained Friday, building on the recent rally in risk assets, amid optimism for progress in US-China trade talks.

Oil slips as record US production undermines OPEC+ supply cut

2019-01-17 12:29

Oil retreated below $52 a barrel as data showing record US crude production suggested markets may remain oversupplied despite output cuts by OPEC and its allies.

Oil trades near $52 on signs of falling US crude inventories

2019-01-16 15:36

Oil fluctuated near $52 a barrel in New York amid signs that crude inventories fell again in the US, the world’s biggest consumer.

Oil retreats as risk appetite shrinks after rally to bull market

2019-01-14 15:55

Oil has extended its retreat as investor appetite for risk assets shrank and uncertainty persisted over how much OPEC output will need to be cut to counter booming US shale supplies.

Oil climbs for seventh day as trade talks fuel demand optimism

2019-01-09 06:25

Oil rallied for a seventh day as US negotiators touted progress in trade talks with China and investors gained faith that OPEC will shrink output.

Oil retreats as concern over Chinese economic growth deepens

2019-01-03 14:57

Oil retreated from a two-week high amid increasing concerns over economic growth in China, the world’s second-biggest consumer of crude.

New Year, new stock market bloodbath: Stocks plunge after bad news from China

2019-01-02 11:38

The JSE has lost 3% in the first hours of trading.

New Year will ring in good news with 'substantial' drop in petrol price - AA

2018-12-28 09:04

The Automobile Association (AA) says that based on unaudited month-end fuel price data released by the Central Energy Fund, the New Year will ring in a "substantial" drop in petrol prices across the board.

Brent crude falls below $55 as Fed hike heightens demand dears

2018-12-20 13:42

Oil briefly fell below $55 a barrel in London for the first time in a year as an US Federal Reserve interest-rate hike stoked demand fears just as markets contend with excess supply.


Oil set for longest weekly rally since October on OPEC's curbs

2019-01-18 11:04

Oil headed for its longest weekly rally in three months on easing concern over whether the OPEC+ coalition will follow through on its pledge to slash production.

US futures slip with European stocks; oil drops

2019-01-17 13:46

US equity futures and European shares fell on Thursday after edged lower after a mixed session in Asia as concerns about rising tension between US and China offset signs of a better-than-expected start to the earnings season.

Asia mixed as rally loses steam, Yen recovers

2019-01-17 09:08

The rally in risk assets faded on Thursday, with Asian stock indexes trading mixed and the yen recovering, as concerns about rising US-China tensions offset signs of a better-than-expected start to the earnings season.

Saudi minister 'very optimistic' about oil market

2019-01-16 14:30

Saudi Energy Minister Khalid al-Falih says he was "very optimistic" about the outlook for the oil market after producers cut output to support flagging prices.

US stock futures edge lower as dollar declines

2019-01-11 16:12

US stock futures slipped with European shares on Friday, while Asian equities rose at the end of a week when sentiment was mostly bolstered by a dovish tone from the Federal Reserve and hopes for a breakthrough on trade.

Conflicting fundamental drivers of oil to overshadow OPEC headlines

2019-01-08 13:59

As we head into 2019, oil prices are poised to be pulled and tugged by conflicting fundamental drivers, with various uncertain market conditions clouding the medium- to longer-term outlook.

Oil begins 2019 with renewed slide amid fears over China growth

2019-01-02 16:43

Oil has started 2019 with another price slide as weaker Chinese manufacturing data pointed to slowing demand in the world’s second-biggest consumer of the fuel.

Oil set for first annual loss since 2015 after turbulent year

2018-12-31 13:23

Oil has been headed for its first annual loss since 2015, slumping more than 20% in a turbulent year that saw fears of supply scarcity turn to expectations of a surplus.

Oil set for weekly slump on concern about economy and oversupply

2018-12-21 12:46

Oil has been poised for a weekly loss on concerns that weakening economic growth and surging US supply will lead to a surplus next year.

UK inflation rate falls to 20-month low as oil prices tumble

2018-12-19 13:03

UK inflation has eased to a 20-month low in November as a sharp fall in oil prices brought down the cost of filling up a vehicle.

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