Thursday 2 July 2015
 
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oversupply

Oil falls on oversupply, economic data concerns

Oil prices fell in Asian trade on Tuesday on renewed worries over a global glut of oil and lacklustre demand ahead of preliminary manufacturing figures from China and Japan later on Tuesday. But a forecast drawdown in US crude sto

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Oil falls on Greek debt worries, oversupply

Oil prices eased in Asian trade on Monday, falling for a second session on concerns about the outcome of an emergency eurozone meeting later in the day on the Greek debt crisis and worries about oversupply. Prices were up, though,

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Oil extends declines on oversupply

Oil prices extended declines on Monday after two straight days of losses late last week as high production offset strong refinery runs, but a storm that could impact Gulf of Mexico operations supported US crude. Saudi Arabia, the

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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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Oil drops as oversupply weighs on markets

Crude oil prices fell on Wednesday as oversupply weighed on markets, with Opec not expected to announce a production cut at its meeting on Friday. Core Gulf members of the Organization of the Petroleum Exporting Countries (Opec),

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Oil prices stabilise as demand meets oversupply

Crude oil prices stabilised on Tuesday due to firm demand after dipping in early trade on expectations that Opec would not cut output at its meeting this week. The Organization of the Petroleum Exporting Countries (Opec) meets thi

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Oil prices inch up, but stay within range

Crude oil prices began rising after initial dips on Thursday, but remained within a narrow range that has been in place since late April as contradicting views of an oversupplied versus a tightening market push prices up and down.

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Oil prices dip on oversupply, Greece worries

Oil prices eased on Tuesday as the market remained oversupplied and the dollar gained on fears that Greece would not be able to repay its debts. Greece paid about 750 million euros ($836.70 million) to the International Monetary F

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Oil prices fall on oversupply fears, outweigh China imports

Oil fell on Friday (May 8), erasing gains earlier in the session, as concerns over oversupply outweighed strong Chinese import figures. Benchmark Brent crude was at $65.42 per barrel at 0500 GMT, down 12 cents after hitting a sess

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Oil dips as glut outweighs Saudi reshuffle

Oil prices dipped on Wednesday as oversupply outweighed political uncertainty in Saudi Arabia where King Salman relieved the crown prince as well as several senior ministers and the chief executive of national oil company Saudi Aramco.

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