Commodities

Energy

14 Aug 17
Oil prices dip over weak Chinese refining activity
10:33 AM
Oil prices dipped on Monday as a slowdown in Chinese refining activity growth cast doubts over its crude demand outlook, while rising US shale output suggested supplies would likely remain high.
02 Aug 17
Oil prices fall 1% with rising US fuel inventories, higher Opec supplies
03:26 PM
Oil prices fell 1 per cent on Wednesday, with rising US fuel inventories pulling US crude back below $50 per barrel, while ongoing high Opec supplies weighed on international prices.
26 Jul 17
If Opec members refuse to cut output, oil may fall to $42: Natixis analyst
01:52 PM
Abhishek DeshpandeLast year's historic pact between the Organisation of the Petroleum Exporting Countries (Opec) and non-Opec members to cut crude oil production has faced several challenges, including non-compliance by some members, while shale
25 Jul 17
Oil rises as Saudi Arabia pledges deep cuts to August exports
01:21 AM
Oil rose as Saudi Arabia said it would make deep cuts to its crude exports in August and encourage better compliance with supply reductions from other producers.
21 Jul 17
Oil edges up, Brent below $50 a barrel ahead of Opec meeting
04:03 PM
Oil prices edged up on Friday ahead of a key meeting of major oil producing nations next week, but Brent held below the $50 per barrel level that was briefly breached for the first time in six weeks in the previous session.
17 Jul 17
Oil edges above $49 amidst US drilling slowdown, Opec-led cuts
03:49 PM
Oil rose above $49 a barrel on Monday as a slowdown in the growth of rigs drilling in the United States eased concern that surging shale supplies will undermine Opec-led cuts.
23 Jun 17
Oil edges up, but still set for worst first-half performance in 20 years
01:09 PM
Oil edged up on Friday, recovering some of the steep falls earlier in the week, but crude is still set for the worst first-half decline in two decades despite ongoing production cuts.
22 Jun 17
Fall in oil price worst since first half of 1997
01:44 AM
Oil prices fell about 3 per cent to a 10-month low in heavy trading on Wednesday, as nagging fears about the global crude glut fed a sell-off that was interrupted only briefly after news of a larger-than-expected drop in US inventories.
16 Jun 17
Oil sits near half-year lows as global supply overhang weighs
11:02 AM
Oil prices were not far off six-month lows, held down by an ongoing supply overhang that persists despite an Opec-led effort to cut production and prop up crude markets.
15 Jun 17
Oil sinks more than 3.5% on shock US gasoline stocks build
06:59 AM
The increase in US gasoline inventories drove down RBOB futures by more than 4 per cent, tugging Brent and US crude futures lower with them, analysts said.
14 Jun 17
Oil prices fall on rising US crude stocks, Opec's output bump
02:20 PM
Oil prices fell on Wednesday after data showed a build in US crude stocks and the Organisation of the Petroleum Exporting Countries (Opec) reported a rise in its production despite its pledge to cut back on output.
07 Jun 17
Oil rebounds, finds support after sliding below $47/bb
01:56 AM
Oil prices edged upward Tuesday, finding technical support after sliding below $47 a barrel on pressure from a diplomatic rift in the West Asia and sustained high crude inventories in the United States.
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