Tuesday 26 July 2016
 
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oversupply

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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Crude dips as global glut outweighs Kuwait oil strike

Crude futures slipped on Tuesday on a persistent global glut and the failure of a producer meeting at the weekend to rein in the ballooning oversupply, although a sharp drop in output in Kuwait due to an oil worker strike underpinned prices brie

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Oil falls as oversupply fears mount again

Oil prices fell in Asian trade on Tuesday, extending losses from the session before as concerns start to take hold that a six-week recovery will peter out as markets remain oversupplied. Saudi Arabia and non-Opec member Russia, th

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Oil prices stable as market seen bottoming

Oil prices were stable in early trading on Monday, with global oversupply and slowing economic growth weighing on markets but prospects of falling production lending some support. US crude futures were trading at $38.41 per barrel

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Oil prices stable as market seen bottoming

Oil prices were stable in early trading on Monday, with global oversupply and slowing economic growth weighing on markets but prospects of falling production lending some support. US crude futures were trading at $38.41 per barrel

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