Friday 4 September 2015
 
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oil price

Oil prices fall on US crude stock build

Oil fell on Thursday on an unexpected build in US crude stocks and a stronger dollar, but a recovery in Asian shares after Wall Street posted a near 2-per cent gain overnight helped support prices. Asian investors were focused on

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Oil prices fall on US crude stock build

Oil fell on Thursday on an unexpected build in US crude stocks and a stronger dollar, but a recovery in Asian shares after Wall Street posted a near 2-per cent gain overnight helped support prices. Asian investors were focused on

More…

Oil price slump to start affecting Saudi banks

The impact of lower oil prices will soon start to weigh on Saudi Arabia's banks, which are likely to see bad loans edge higher by the end of the year, according to Standard & Poor's. Lenders in the kingdom have so far

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Oil price seen at $55 next year

With oil stock balances next year looking softer and costs coming down, the commodity will trade at $55 and $61 per barrel during 2016 and 2017, respectively, said the Bank of America (BofA) Merrill Lynch in a report. “Looki

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Oil extends losses on US factory data

Oil prices fell around 2 per cent in early Asian trade on Wednesday, as a stronger than expected build in US crude oil stocks and weaker US manufacturing data fuelled a rout in prices that started in the previous session. Brent an

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Oil sinks 3pc as investors retreat from gains

Oil prices fell three per cent in Asian trade on Tuesday, with investors covering short positions and taking profits after Brent and US crude soared more than eight per cent in the previous session. Both Brent and US crude prices

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Oil sinks 3pc as investors retreat from gains

Oil prices fell three per cent in Asian trade on Tuesday, with investors covering short positions and taking profits after Brent and US crude soared more than eight per cent in the previous session. Both Brent and US crude prices

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Kuwait trade surplus sinks to 6-year low

Kuwait’s trade surplus fell to a six-year low of KD1.7 billion ($5.6 billion) in the first quarter of 2015, or an annualized 20 per cent of projected GDP in 2015 as oil export revenues continued to tumble, a report said. The

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Oil nations step up focus on renewables

As the oil price further deteriorates, major oil-producing countries are increasingly looking to the future and to sustainability, a report said. Recently, Bloomberg forecast that two-thirds of the $12.2 trillion global investment

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Oil prices fall 5pc on profit taking

Oil prices fell in Asia on Monday as traders took profits, snapping gains last week that saw the biggest two-day rally in six years. Brent crude futures for October delivery slipped nearly $1, or 2 per cent, putting the benchmark

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