Sunday 31 July 2016
 
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oversupply

Oil off April lows but oversupply still weighs

Oil prices recovered slightly from April lows in early trading on Thursday, but the outlook for the industry remained weak as crude producers and fuel refiners continue to pump out more than the market can consume. International B

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Oil off April lows but oversupply still weighs

Oil prices recovered slightly from April lows in early trading on Thursday, but the outlook for the industry remained weak as crude producers and fuel refiners continue to pump out more than the market can consume. International B

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Oil dips to remain near 3-month lows

Oil prices dipped in Asian trading on Wednesday as plentiful supplies and slowing economic growth weighed on markets, although some analysts said that the current downtrend would be modest and see a recovery later this year. Inter

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Oil dips to remain near 3-month lows

Oil prices dipped in Asian trading on Wednesday as plentiful supplies and slowing economic growth weighed on markets, although some analysts said that the current downtrend would be modest and see a recovery later this year. Inter

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Oil near 2-month lows on glut worries

Crude prices inched down on Monday in Asia, staying not far from two-month lows hit in the previous session, amid worries over a global oil glut. A strong dollar and the fourth weekly rise in the U.S. oil rig count have helped rel

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Oil near 2-month lows on glut worries

Crude prices inched down on Monday in Asia, staying not far from two-month lows hit in the previous session, amid worries over a global oil glut. A strong dollar and the fourth weekly rise in the U.S. oil rig count have helped rel

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Oil falls on glut concerns despite shale cuts

Oil prices eased in early Asian trade on Tuesday as concerns over a crude and fuel oil glut outweighed an expected cut in US shale production and a likely further draw in US crude stocks. Crude prices fell more than 1 per cent in

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Oil eases as focus returns to oversupply

Oil prices slipped on Friday as a strong dollar and recent gains incentivised investors to cash in, while focus shifted again to swelling global inventories that have cushioned the impact from unplanned supply outages. Global benc

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Oil drops as higher output stokes glut fears

Oil fell on Tuesday as rising output from the Middle East and North Sea renewed concerns about a global supply overhang while economic data painted a negative outlook for the demand outlook. Brent crude futures were trading 44 cen

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Oil drops as higher output stokes glut fears

Oil fell on Tuesday as rising output from the Middle East and North Sea renewed concerns about a global supply overhang while economic data painted a negative outlook for the demand outlook. Brent crude futures were trading 44 cen

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