21 Sep 17
Oil prices rise set for strongest Q3 gain since 2004
12:59 AM
Oil prices rise was on course for its largest third-quarter gain in 13 years as prices rose on Wednesday after the Iraqi oil minister said that Organization of the Petroleum Exporting Countries (Opec) and its partners are considering extending or
14 Sep 17
Oil rises as IEA forecast overshadows US crude build
01:57 AM
Crude oil prices rose on Wednesday after the International Energy Agency (IEA) said a global surplus of crude was starting to shrink, even though US data showed another big increase in inventories due to the ongoing effects of Hurricane Harvey.
13 Sep 17
Global oil surplus is shrinking due to stronger-than-expected demand: IEA
02:13 PM
The global oil surplus is beginning to shrink due to stronger-than-expected European and U.S. demand growth, as well as production declines in OPEC and non-OPEC countries, the International Energy Agency said on Wednesday.
29 Aug 17
Oil markets roiled as Harvey hits US petroleum industry
06:19 AM
Oil markets were roiled on Monday after Tropical Storm Harvey wreaked havoc along the US Gulf Coast over the weekend, crippling Houston and its port, and knocking out several refineries as well as some crude production.
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.
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