Sunday 19 April 2015
 
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China's Iran crude oil imports down 3.7pc

China's crude imports from Iran fell 3.7 per cent in February from a year ago, in line with expectations for the world's second largest crude importer, customs data showed on Monday. The imports last month from Iran were 2

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Oil glut set to grow as China slows crude imports

A global oversupply of oil is set to rise as China pauses in the build-up of its strategic reserves and Asian refineries slow crude imports ahead of the spring maintenance season, putting more downward pressure on prices. China

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Oil glut set to grow as China slows crude imports

A global oversupply of oil is set to rise as China pauses in the build-up of its strategic reserves and Asian refineries slow crude imports ahead of the spring maintenance season, putting more downward pressure on prices. China

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Oil market expected to stay balanced this year: Opec

Global supply and demand for crude oil should continue to be fairly balanced this year, the secretary general of Opec said, signalling the group is likely to leave its existing output ceiling in place at its June meeting. "Lo

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Brent slips below $110 on weak demand outlook

  Brent futures slipped below $110 a barrel on Tuesday on worries of a slowdown in demand growth in China and the United States, two of the world's biggest oil consumers, with a rise in the dollar weighing further on the mark

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Saudi 'acting to lower crude prices'

  Saudi Arabia is acting to lower oil prices, a senior Gulf source said on Tuesday, adding that the majority of Opec producers wanted oil prices around $100 per barrel.   The Gulf source told report

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Brent slips below $113; China in focus

  Brent crude slipped under $113 a barrel in choppy trade on Tuesday, adding to steep losses in the previous session, with some traders saying a hedge fund may be liquidating positions.   The losses

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Commodities 'in long-term growth trend'

Commodities are in a long-term  trend of solid demand growth, and a recent sell-off in natural resources markets is likely to prove a technical downswing, Investec fund manager George Cheveley said.  "I believe in the long-term s

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Brent stays above $100 on Egypt upheaval

Brent crude stayed above $100 a barrel on Tuesday after jumping more than 1 percent the previous day on unrest in Egypt and rising demand expectations. Brent crude for March slid 50 cents to $100.51 a barrel at 0302 GMT, after topping $100

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Oil snaps 3-day losing streak

Oil snapped three straight sessions of declines and rose more than 1 percent towards $71 a barrel on Monday, but analysts said sentiment remains fragile. US crude for July delivery rose 70 cents to $70.74 a barrel by 0455 GMT, while London

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