Oil falls amid supply glut, lower prospects of output freeze
Amid the recent fluctuation in global crude oil rates, prices fell on Friday, in a situation of supply glut following indications from Saudi Arabia that no output freeze was in the offing.
Aug 26, 2016, 18:30 PM ISTOil prices dip in Asia as oversupply worries return
Oil prices turned lower again in Asia on Wednesday after data indicated a rise in US stockpiles, reigniting concerns about a supply glut, while profit-takers stepped in after the previous day's surge.
Jul 13, 2016, 10:40 AM IST