Friday 28 August 2015
 
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Oil catches breath near 6-1/2-year lows after falls

Oil stabilised on Wednesday after China's central bank moved to support the country's economy, but prices stayed near 6-1/2-year lows as a heavy supply glut kept the market outlook bearish.   "Oil is

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Fat chance of floating oil products storage, despite glut

Oversupply in oil products, in tandem with a crude glut, has brought back memories of the 2008-2009 crisis, but traders say the climate is not right now for a repeat of large scale fuel storage at sea.   Then, cr

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Oil steadies below $67 as global glut builds

Brent crude oil steadied below $67 a barrel on Friday after reports that a growing supply glut is boosting inventories worldwide. Oil futures have rallied strongly since January after collapsing last year but analysts say the rebo

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Oil glut builds as Opec fights for market-share: IEA

A global oil glut is building as Opec kingpin Saudi Arabia pumps near record highs in an attempt to win a market-share battle against stubbornly resistant US shale production, the International Energy Agency (IEA) said.  

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Oil glut set to grow as China slows crude imports

A global oversupply of oil is set to rise as China pauses in the build-up of its strategic reserves and Asian refineries slow crude imports ahead of the spring maintenance season, putting more downward pressure on prices. China

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Oil glut set to grow as China slows crude imports

A global oversupply of oil is set to rise as China pauses in the build-up of its strategic reserves and Asian refineries slow crude imports ahead of the spring maintenance season, putting more downward pressure on prices. China

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Oil slips under $57 as IEA sees bigger glut

Oil fell below $57 a barrel on Friday after the International Energy Agency said a global oil glut was building and US oil production showed no signs of slowing yet. The IEA, which advises industrialised countries, said in its mon

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Oil rises, but set for record run of monthly falls

Oil rose above $49 a barrel on Friday, supported by renewed violence in Iraq but with a persistent global supply glut keeping the market on course for a seventh straight month of declines, its longest bear run on record. Benchmark

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Oil trades near $57 as supply glut prevails

Brent crude pared early gains to trade near $57 a barrel on Friday, as a glut of oil that has halved prices since June overshadowed investors repositioning at the start of the year for an eventual recovery. Brent has fallen to its

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Oil trades near $57 as supply glut prevails

Brent crude pared early gains to trade near $57 a barrel on Friday, as a glut of oil that has halved prices since June overshadowed investors repositioning at the start of the year for an eventual recovery. Brent has fallen to its

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