Sunday 7 February 2016
 
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oversupply

Oil drops for third session on oversupply

Oil futures extended losses into a third session in Asian trade on Wednesday, as US crude stocks last week surged to more than half a billion barrels and as Iran plans to boost exports from March. Milder weather forecast for the l

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Iran's return poses new questions for oil price

Free of international sanctions, unfettered Iranian oil exports might be expected to drive prices further below $30 a barrel.   But market participants say the removal of trade restrictions was so well trailed th

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Oil falls below $30 on oversupply gloom

Crude oil fell in Asian trade on Thursday, with Brent marking another 12-year low amid gloom over a world awash with supply and concerns about global economic growth hitting equity markets. Brent dropped as far as $29.73, the lowe

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Oil falls below $30 on oversupply gloom

Crude oil fell in Asian trade on Thursday, with Brent marking another 12-year low amid gloom over a world awash with supply and concerns about global economic growth hitting equity markets. Brent dropped as far as $29.73, the lowe

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Oil hits new 11-year low as China worries add to glut

Brent crude prices fell to fresh 11-year lows on Thursday as fresh concerns over China's economy added to huge storage overhangs, near-record production and slowing demand that have already pummeled prices. China accelerated t

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Saudi-Iran tension dashes chance of Opec deal

The collapse in relations between Saudi Arabia and Iran puts an end to speculation that Opec could somehow agree production curbs to lift the price of oil anytime soon. A Reuters survey of Opec production showed on Tuesday that Sa

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Oil ending 2015 how it began - on the skids

Asian share markets were ending the year on a subdued note on Thursday as a renewed slide in oil prices sapped sentiment, a baleful trend that shows every sign of lingering into 2016. The relentless decline in oil hit currencies o

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Oil ending 2015 how it began - on the skids

Asian share markets were ending the year on a subdued note on Thursday as a renewed slide in oil prices sapped sentiment, a baleful trend that shows every sign of lingering into 2016. The relentless decline in oil hit currencies o

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Oil hits 11-year low as global supply balloons

Brent oil cratered to its lowest price in more than 11 years on Monday, as demand for heating oil slumped on warmer-than-normal temperatures and traders tested for a bottom. US crude remained above its 2009 low and settled up a pe

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Oil hits 11-year low as global supply balloons

Brent oil cratered to its lowest price in more than 11 years on Monday, as demand for heating oil slumped on warmer-than-normal temperatures and traders tested for a bottom. US crude remained above its 2009 low and settled up a pe

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