Oil market is stabilising, $60 is OK for now: Gulf OPEC delegate
Oil prices have started to stabilise around current levels of $60 a barrel and demand is showing signs of improving in Asia and other regions, a senior Gulf OPEC delegate said on Tuesday.
Feb 25, 2015, 09:00 AM IST
Brent rises above $59 on hopes of economic recovery
Brent edged above $59 a barrel on Tuesday, after a 2-percent slide in the previous session, buoyed by cautious optimism on the outlook for the global economy.
Feb 24, 2015, 10:30 AM IST
Brent crude extends rally, but analysts warn prices could drop
Brent crude extended its rally on Tuesday, moving further away from six-year lows hit in January, but some analysts warned that prices had risen too far and could face a downward correction.
Feb 17, 2015, 10:58 AM IST
Oil price approaches six-year low
New York oil prices tumbled close to six-year lows on Thursday, as record-high US crude inventories deepened worries over the global supply glut.
Jan 29, 2015, 19:56 PM IST
Oil slumps as US crude reserves surge to record high
Oil tumbled close to a six-year low Wednesday as US crude stocks soared to a record peak, sparking fresh fears over the growing global supply glut, analysts said.
Jan 29, 2015, 00:13 AM IST
Oil slips to $49 as US crude inventories hit record
Oil slipped to $49 a barrel on Wednesday after US crude stocks soared to the highest on record last week, and as a firmer dollar weighed on prices.
Jan 28, 2015, 22:02 PM IST
Oil prices rebound in Asian trade
Oil prices on Tuesday edged up slightly after nearing six-year lows but gains were capped owing to lingering concern about a global supply glut, weak demand and Greece's political future, analysts said.
Jan 27, 2015, 10:43 AM IST
OPEC's Badri expects some oil price rebound soon
Oil prices at current levels may have reached a floor and could move higher very soon, OPEC Secretary-General Abdullah al-Badri said on Monday.
Jan 26, 2015, 22:37 PM IST
Oil prices fall on market relief over Saudi policy
Oil prices fell on Monday, with US crude falling close to a nearly six-year low, as Saudi Arabia`s new King Salman moved to assuage fears of an unstable transition and any policy change in the world`s largest oil exporter.
Jan 26, 2015, 17:27 PM IST
Oil surges after Saudi King's death
Oil prices surged today following the death of Saudi Arabia's King Abdullah, with investors watching to see if the country will change its policy of maintaining high production in the face of plunging prices and a global supply glut.
Jan 23, 2015, 10:32 AM IST
Kuwait to splash $100 bn on oil projects
OPEC member Kuwait plans to spend about $100 billion in the next five years on oil projects to modernise the vital sector, the emirate`s oil minister said Wednesday.
Jan 21, 2015, 22:46 PM IST
Non-OPEC Oman blasts cartel's failure to cut oil output
Non-OPEC oil producer Oman described as bad politics and bad business Wednesday the cartel`s November decision to make no cut in output, which sent world prices crashing.
Jan 21, 2015, 18:46 PM IST
Brent crude inches above $48, but outlook remains weak
Oil prices edged up on Wednesday in a further sign of support around current levels, but analysts fretted that the outlook for the next six months remained bleak due to oversupply.
Jan 21, 2015, 10:31 AM IST
Oil falls further as IMF cuts forecast; Iran hints at $25 oil
Oil fell as much as 5 percent on Tuesday after the International Monetary Fund cut its 2015 global economic forecast on lower fuel demand and key producer Iran hinted prices could drop to $25 a barrel without supportive OPEC action.
Jan 20, 2015, 23:10 PM IST
Brent holds above $48, few analysts see quick recovery
Brent futures edged higher on Friday, holding above $48 a barrel on positive technical price momentum, although few analysts expect a strong rebound anytime soon as global output continues to outweigh demand.
Jan 16, 2015, 10:47 AM IST
Oil steadies but stays under pressure on World Bank growth cut
Oil prices recouped some early losses on Wednesday but remained under pressure after the World Bank cut its global economic growth forecast, doing little to end a rout that saw prices touch their lowest in nearly six years in the previous session.
Jan 14, 2015, 21:49 PM IST
Oil near 6-year low; Brent, US crude briefly reach parity
Oil hit a near six-year low on Tuesday, with U.S. crude paring losses later on short-covering and reaching parity with Brent for the first time in three months, as traders continued to wonder when the six-month long price rout might end.
Jan 13, 2015, 12:25 PM IST
Oil falls further in Asian trade
US benchmark West Texas Intermediate (WTI) for February delivery was down 81 cents at $47.55 a barrel in mid-morning trade and Brent crude for February dropped 90 cents to 49.21.
Jan 12, 2015, 08:06 AM IST
Oil hits April 2009 low, then pares loss on US oil rig data
Oil prices had barely moved in the past two sessions after tumbling 10 percent the first two days of the week.
Jan 10, 2015, 01:06 AM IST
Oil slides again, hits lowest since April 2009
Benchmark Brent crude broke below $49 a barrel, drifting further below the $50 support level it had seen earlier in the week. US crude fell below $48.
Jan 10, 2015, 00:04 AM IST
