Wednesday 1 July 2015
 
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Crude

Oil steady as US stocks data disappoints

Oil prices were little changed in early Asian trade on Thursday as an unexpected build in US gasoline inventories offset a higher than forecast draw in US crude inventories, while Brent was supported by buoyant manufacturing figures from Europe.

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Saudi Arabia's crude oil exports slip in April

Saudi Arabia’s April crude exports fell by 161,000 barrels per day (bpd) as domestic refiners processed more crude, official data showed.   Exports fell to 7.737 mbpd from 7.898 million in March when they h

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Oil up 2pc after early swings on dollar, Opec

Oil staged its first rally in three days on Friday, gaining 2 per cent, despite warnings of more oversupply as a result of Opec's decision to keep pumping crude without restraint. A strong dollar, which often depresses commodi

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Low price signals longer-lasting retrenchment for oil industry

The slump in crude prices has jolted the oil industry into deep cost cutting which, unlike the previous downturn, could last for a few years at least. After overspending by the industry during the boom years, the collapse in prices in t

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Oil drops as crude glut overshadows fuel demand

Oil prices dipped on Thursday as a large crude glut and a sliding dollar overshadowed strong global fuel demand. Front-month Brent futures were down 16 cents at $63.64 per barrel by 0300 GMT. US crude futures dropped 12 cents to $

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Oman invites bids for mega crude oil park

Oman Oil Company has invited prequalification bids from international energy infrastructure contractors for the construction of a giant crude oil storage terminal at Ras Markaz on the sultanate’s Wusta coast. The giant facil

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Oman invites bids for mega crude oil park

Oman Oil Company has invited prequalification bids from international energy infrastructure contractors for the construction of a giant crude oil storage terminal at Ras Markaz on the sultanate’s Wusta coast. The giant facil

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Oil gains 1pc after US stocks drop for 4th week

Crude futures rose about one per cent on Friday after American inventories fell for a fourth straight week although prices are set for a weekly drop on a stronger dollar. Oil saw steep falls earlier this week as a resurgent dollar

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Brent crude oil slips below $66 before long US weekend

Oil prices fell on Friday as worries over the impact of war in the Middle East on crude supplies were outweighed by reports of profit-taking ahead of a long weekend. Monday, May 25 is Memorial Day in the United States and a public

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Oil edges down buoyed by lower US crude stock

Oil prices edged down on Friday after rising more than two per cent in the previous session, buoyed by lower US crude inventories and geopolitical tension in the Middle East. US crude futures are in their longest winning streak si

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