Friday 29 July 2016
 
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Oil

Flagging non-oil business dampens outlook for Gulf

Economists have cut growth forecasts for most of the rich oil exporting countries of the Gulf as non-oil business activity slows because of government austerity measures, a quarterly Reuters poll found. Last year, growth in the si

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Oil off April lows but oversupply still weighs

Oil prices recovered slightly from April lows in early trading on Thursday, but the outlook for the industry remained weak as crude producers and fuel refiners continue to pump out more than the market can consume. International B

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Oil off April lows but oversupply still weighs

Oil prices recovered slightly from April lows in early trading on Thursday, but the outlook for the industry remained weak as crude producers and fuel refiners continue to pump out more than the market can consume. International B

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Oil falls towards $44, lowest since May

Oil on Tuesday hit its lowest since May, falling towards $44 a barrel, pressured by concerns that a long-awaited rebalancing of the market would be delayed due to excess supply. Brent crude is still up more than 60 percent from a

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Oil falls towards $44, lowest since May

Oil on Tuesday hit its lowest since May, falling towards $44 a barrel, pressured by concerns that a long-awaited rebalancing of the market would be delayed due to excess supply. Brent crude is still up more than 60 percent from a

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Oil edges above 3-month lows; mood bearish

Oil prices edged away from three-month lows on Tuesday, supported by a weaker dollar, but concerns of ongoing oversupply weighed on markets and many traders are raising their bets on further price falls. International Brent crude

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Oil prices slide on oversupply, economic headwinds

Oil prices fell on Monday, holding near two-month lows amid worries that a global glut of crude and refined products would weigh on markets for some time.   Brent crude futures were trading at $45.45 a barrel at

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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 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 slips as US stock build raises glut worries

Oil prices slipped on Thursday after a rise in US gasoline inventories helped push US oil stocks to a record high, reinforcing worries of a global oversupply. US crude and oil product stocks rose 2.62 million barrels in the week t

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