Wednesday 25 May 2016
 
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oil price

Abu Dhabi lays off staff as Gulf austerity tightens

Thousands of layoffs at state-linked companies in Abu Dhabi, UAE are a fresh sign the Gulf's wealthy oil states are hunkering down for a long period of austerity as low crude prices pressure their economies. Since mid-2015, th

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Russia eyes Mideast foreign investment drive

Russia, which has attracted $23 billion from the Gulf over the past several years, is once again focussing on the region, even as low oil prices prompt Middle East nations to launch diversification programmes by investing abroad.

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Oil drops on surging dollar, Iran exports

Oil prices fell on Thursday, pulled down by rising US crude inventories, a stronger dollar and surging output from Iran to Europe and Asia. Brent crude futures LCOc1 were down 87 cents, or 1.8 per cent from their last settlement,

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Oil near 2016 highs on supply disruptions

Oil prices were trading near 2016 highs on Wednesday, as supply disruptions and output cuts continued to tighten the market, although traders cautioned that high global crude inventories were still weighing on markets. Internation

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Oil holds near six-month highs over supply concerns

Crude oil futures held near six-month highs in early Asian trading on Tuesday as the market focused on supply disruptions that prompted long-time bear Goldman Sachs to issue a bullish assessment on near-term prices. Crude futures

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Oil holds near six-month highs over supply concerns

Crude oil futures held near six-month highs in early Asian trading on Tuesday as the market focused on supply disruptions that prompted long-time bear Goldman Sachs to issue a bullish assessment on near-term prices. Crude futures

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Oil rises on Nigeria, Venezuela disruptions

Oil prices edged up in early trading on Monday as output falls in Nigeria and worries about political instability in Venezuela tightened the market, although rising Opec output and a stronger dollar capped gains. International Bre

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Oil rises on Nigeria, Venezuela disruptions

Oil prices edged up in early trading on Monday as output falls in Nigeria and worries about political instability in Venezuela tightened the market, although rising Opec output and a stronger dollar capped gains. International Bre

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Oil prices fall as Canadian fields gradually return

Oil prices fell early on Thursday, weighed by the gradual return of Canadian oil sands production, reversing a sharp rise the previous day when the US government detailed an unexpected fall in crude inventories. International Bren

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Oil prices fall as Canadian fields gradually return

Oil prices fell early on Thursday, weighed by the gradual return of Canadian oil sands production, reversing a sharp rise the previous day when the US government detailed an unexpected fall in crude inventories. International Bren

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