Sunday 24 July 2016
 
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Oil

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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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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Oil steadies as US inventories send mixed signals

Oil prices steadied after the US Energy Department reported a ninth consecutive weekly drawdown of crude stocks but an overall build in oil inventories.   US West Texas Intermediate crude for September delivery,

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Algeria trade deficit widens by 27.2pc

Opec member Algeria's trade deficit widened to $10.83 billion in the first six months of 2016, 27.2 percent more than in the same period last year due to a fall in energy earnings as oil prices tumbled, data showed on Wednesday.

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Oil rises after US stockpiles fall

Oil futures rose in early Asian trading on Wednesday after an industry group released weekly figures showing US stockpiles fell more than expected last week. Brent crude LCOc1 was up 13 cents at $46.79 a barrel at 0017 GMT. On Tue

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Oil rises after US stockpiles fall

Oil futures rose in early Asian trading on Wednesday after an industry group released weekly figures showing US stockpiles fell more than expected last week. Brent crude LCOc1 was up 13 cents at $46.79 a barrel at 0017 GMT. On Tue

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Oil price decline hits regional training market: Survey

The plunge in the oil price and slowdown in regional economic activity seems to have had a mixed impact on the regional training market, according to the latest research by online recruitment firm GulfTalent.   S

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Oil prices fall on oversupply concerns despite output cuts

Oil prices eased on Tuesday as concerns over a crude and refined fuel glut outweighed an expected cut in US shale production and a probable further draw in US crude inventories.   Crude prices fell more than 1 pe

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Oil falls on persistent glut fears, China data supports

Crude futures dipped below $47 a barrel on Friday on concerns that a persistent global glut of crude oil and refined products will impede any price recovery. Losses were capped by slightly better-than-expected Chinese economic dat

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Azerbaijan's oil output edges up 0.4pc in first half

Azerbaijan produced 21.06 million tonnes of oil in January-June, 0.4 percent more than in the first half of last year and the first rise since May last year, the State Statistics Committee said on Thursday.   It

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