Oil set for weekly loss on weak demand outlook and supply gains

2017-11-17 09:26

Oil is heading for the first weekly decline since the start of October after the International Energy Agency trimmed demand estimates and as US crude production continued its record run.

Oil rally may be inflation game changer for Asian central banks

2017-11-16 09:39

The rally in oil prices is a potential game changer for inflation in Asia and will pressure central banks to lift interest rates after years of easy money.

Opec head says oil cuts ' only viable option' to stabilise market

2017-11-13 11:46

The oil market is re-balancing at a quickening pace and production cuts are the “only viable option” to restore market stability, Opec Secretary General Mohammad Barkindo said.

Oil steady as US output peak counters Middle East concerns

2017-11-09 13:18

Oil has steadied near $57 a barrel in New York as data showing US crude output at the highest in at least three decades countered concerns sparked by a political purge in Saudi Arabia.

Oil trades near 2-year high as Saudi upheaval spurs risk premium

2017-11-07 08:44

Oil has traded near the highest close in more than two years as political upheaval in top Saudi Arabia reverberated through a market where prices were already elevated by signs of tightening supply.

Oil in longest rally in 3 months on signs of US stockpile drop

2017-11-01 10:36

Oil has extended gains above $54 a barrel in the longest winning streak in three months as US industry data showed both crude and gasoline inventories declined.

Oil investors roll the dice on Opec as Saudi Prince ups the ante

2017-10-30 07:55

Just before the de facto Opec leader doubled down on its plan to drain the oil glut, propelling Brent crude prices beyond $60 a barrel for the first time since 2015.

'Mahlobo in oil talks with Senegal's Sall, not Russia's Putin over nuclear'

2017-10-24 16:57

Energy Minister David Mahlobo was part of President Jacob Zuma’s delegation that met the Senegalese government and was not meeting Russian President Vladimir Putin, his deputy has said.

Oil extended gains as Opec says all ottions open to re-balance

2017-10-23 09:34

Oil has extended gains as the Organisation of Petroleum Exporting Countries and its allies reiterated that all options are open to re-balance the market.

Oil trades near 3-week high as Iraq-Kurd violence curbs exports

2017-10-19 09:07

Oil has traded near the highest close in three weeks as exports from northern Iraq fell by more than half after fighting between government troops and Kurdish forces.


Oil holds losses near $55 as US production extends record run

2017-11-16 10:13

Oil has held losses near $55 a barrel as US crude stockpiles unexpectedly rose and production extended its record run.

Oil prices extend losses in Asia after demand warning

2017-11-15 07:44

Oil prices have tumbled more than one percent on Wednesday in Asia, extending the previous day's sharp falls after the International Energy Agency warned of weakening demand.

Oil set for best weekly run in year as Saudi tumult roils market

2017-11-10 10:04

Oil is heading for a fifth weekly advance as political upheaval in the world’s biggest crude exporter countered an expansion of US output to the highest level in more than three decades.

Cars to drive oil demand growth - OPEC

2017-11-09 10:19

The outlook looks bright for oil-producing nations and automakers, OPEC said on Tuesday, as the cartel expects a surge in car ownership in the developing world to far outweigh the adoption of electric vehicles over the coming two decades.

Oil advances as Saudi purge bolsters pro-OPEC cut crown prince

2017-11-06 09:38

Oil has climbed from the highest close in two years as an anti-graft probe in Saudi Arabia was seen to consolidate power in the hands of Crown Prince Mohammed bin Salman.

Oil heads for second monthly gain as Opec strategy pays off

2017-10-31 14:22

Oil has headed for its first back-to-back monthly gain since last year amid signs that efforts by Opec and its allies to clear a glut are progressing, and that they’ll stick with the strategy next year.

Oil steady near $52 as US data show market slowly rebalancing

2017-10-26 11:50

Oil has steadied near $52 a barrel as an increase in US crude supplies was countered by a plunge in gasoline inventories, showing the rebalancing of the global market remains a slow process.

Oil just isn’t that important to petrocurrencies right now

2017-10-24 11:58

The currencies of some of the world’s biggest crude exporters are breaking their historic relationship with the oil price.

Oil's geopolitical-risk rally fades as Iraq repairs crude fields

2017-10-20 09:17

A surge in crude prices have faded as Iraq sought to restore flows from fields in a disputed region after violence had curbed output.

Oil rises on demand signs after Goldman flags geopolitical risks

2017-10-18 10:16

Oil has extended gains as signs of declining US stockpiles pointed to healthy demand while investors weighed potential disruptions to supply.

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