Oil falls as Saudis are said to offer extra crude to some buyers

2018-07-16 09:14

Oil has retreated below $71 a barrel as Saudi Arabia was said to offer extra crude supplies to some customers following a plan to boost output.

OPEC says it's doing best to supply market but won't overdo it

2018-07-10 09:15

OPEC and its allies are doing what they can to offset crude output shortfalls that have kept global supplies tight and prices high, but they don’t want to overdo it.

Oil holds near $74 as Trump lambasts OPEC to temper price surge

2018-07-05 09:58

Oil has held near $74 a barrel as President Donald Trump’s tweet urging OPEC to pump more to temper prices did little to assuage concerns over a global crude supply crunch.

Where to from here for record petrol prices?

2018-07-03 14:35

Based on early indications in July, there may be yet another fuel price increase in August, but it is too soon to say for sure.

Iran vows to foil US bid to block its oil exports

2018-07-01 16:05

Iran vowed Sunday to thwart US efforts to block its oil exports and warned rival OPEC producer Saudi Arabia it would never take Tehran's "place" on the international oil market.

Tokyo stocks open lower on renewed trade war worries

2018-06-28 07:43

Tokyo stocks opened lower extending losses on Wall Street over revived trade war fears.

Oil is sliding after OPEC cuts a deal to raise production

2018-06-25 15:29

Oil prices fell on Monday after OPEC and other supply-cutting countries led by Russia agreed to gradually ease oil supply cuts that have been in place for nearly two years.

OPEC on tightrope as output target talks prompt clash

2018-06-22 16:36

OPEC energy ministers scrambled to hammer out a compromise on oil output policy Friday as they debated a Saudi proposal to ramp up production.

OPEC rift deepens as Iran walks out of key meeting

2018-06-22 05:00

Iran's oil minister walked out of a key meeting with OPEC peers on Thursday, as a rift deepened with regional rival Saudi over its push to ramp up the cartel's oil output.

Asian markets tumble as Trump tariffs spark trade war fears

2018-06-18 07:58

Fresh fears of a trade war between the world's top two economies sent Asia markets tumbling after the United States and China imposed tit-for-tat tariffs on billions of dollars of imports.


Oil falls as US ups China trade war with new $200bn list

2018-07-11 09:40

Oil has fallen below $74 a barrel after US President Donald Trump raised the stakes in the trade war against China with the biggest list yet of goods it may hit with higher tariffs.

Oil dips on surprise storage build as Saudis respond to Trump

2018-07-05 21:00

Oil slid after a surprise increase in American stockpiles, while Saudi Arabia cut prices for its crude as US President Donald Trump urges OPEC to do more to help make gasoline cheaper.

Oil rises on signs of stockpile drop as shortfall fears linger

2018-07-04 09:35

Oil has extended gains to near $75 a barrel after an industry report showed US inventories shrunk as global output disruptions continued to stoke concerns.

Trump tweets, Saudis scramble: Here's how the US steers OPEC

2018-07-01 19:00

The US isn’t a member of OPEC, but presidents have long pressured its top producer Saudi Arabia to adjust oil production policies.

Petrol pain to continue for motorists despite oil lifeline

2018-06-28 13:12

South Africans were thrown a lifeline by declining oil prices - but not enough to avert yet another hike in fuel prices, the Automobile Association has cautioned.

BOOK REVIEW: What SA can learn from Saudi Arabia's oil barons

2018-06-28 06:02

Ask yourself what the most valuable company in the world is. You probably don't know, writes Ian Mann.

Asian markets fall as trade war fears weigh on sentiment

2018-06-25 07:04

Asian markets fell Monday as fears of a global trade war continue to dog investors, with Donald Trump threatening fresh tariffs on European cars and reports he is considering curbs on Chinese investment the US.

OPEC is gearing up to hike oil production during what could be a 'contentious' meeting

2018-06-22 11:57

In efforts to tackle a global oil glut, OPEC and other supply-cutting countries have since 2016 been coordinating output levels to prop up prices.

Oil slumps near $64 as OPEC clash looms and trade war escalates

2018-06-18 11:01

Oil has fallen near $64 a barrel as Saudi Arabia and Russia prepared for a clash with allied crude producers over whether to lift output and as China and the US exchanged threats over trade.

Oil set for further loss as OPEC clash on supply looms

2018-06-15 15:01

Oil has been headed for a second weekly decline in London as OPEC members were set to clash on raising production at a meeting next week.

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