Tuesday 21 April 2015
 
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oil price

Oil eases as Saudi keeps output near record high

Oil prices eased on Tuesday on expectations of another rise in US stockpiles and as Saudi Arabia keeps output near record highs, but prices remained near a 2015-peak reached last week. Crude prices have climbed around 18 per cent

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Tasnee to cut costs, revise contracts after Q1 loss

Saudi Arabia's National Industrialization Company (Tasnee) said on Monday it would cut costs and revise foreign exchange and derivatives contracts at a subsidiary after swinging to a first-quarter loss. The diversified industr

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Oil extends gains on lower US rig count

Oil prices rose on Monday, extending last week's gains as a drop in the number of US rigs drilling for crude pointed to lower supply later in the year, while China's latest stimulus measure also underpinned the market. US

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Brent crude oil surges to 2015 highs; up 5pc at $63

Brent crude oil hit 2015 highs above $63 per barrel on Thursday after a rally of more than 5 per cent the previous session and analysts said more price rises were likely despite market oversupply. Front-month Brent crude futures r

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Oil prices rise over US production dip

Oil prices rose on Wednesday after signs of a dip in US production, but gains were capped by Chinese quarterly growth slowing to a six-year low. Front-month Brent crude futures were trading up 47 cents at $58.90 a barrel by 0310 G

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Low oil prices unlikely to dent project finance ratings

The current low price of crude oil and natural gas is unlikely to have a widespread impact on the credit quality of global project finance debt over the next year to 18 months, a report said. However, if prices remain in the $50 p

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Oil rallies over US shale production dip

Crude prices rose on Tuesday after the US Energy Information Administration said it expected US shale oil output to record its first monthly decline in over four years. Front-month Brent crude futures were trading up 34 cents a $5

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Oil edges up over betting on higher prices

Oil prices edged up in early Asian trading on Monday following a strong session on Friday, as financial traders increased their bets on higher prices amid a slowdown in US drilling. Front-month Brent crude futures rose 18 cents to

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Oil edges back from 6pc fall; outlook weak

Oil prices rose more than a per cent on Thursday, clawing back a part of the 6 per cent slump in the previous session that was triggered by a shock jump in US crude inventories and record Saudi output, although analysts said sentiment remained b

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Oil prices fall as Saudi Arabia reports record output

Crude prices dropped on Wednesday after Saudi Arabia reported record production of 10.3 million barrels per day in March, a figure the country's oil minister said was unlikely to fall by much. The decline in prices followed a

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