Oil falls on supply glut after earlier boost from Greece

Last Updated: Monday, June 22, 2015, 22:30

Oil prices fell below $63 a barrel on Monday, weighed down by concerns of a growing supply glut, paring earlier gains spurred by hopes that Greece might avert a default.

World stocks, oil fall as Greek talks collapse

Last Updated: Monday, June 15, 2015, 23:28

Stock markets around the world fell on Monday as they felt the ripple effects of the Greek crisis after the collapse of 11th-hour talks between the near-bankrupt country and its creditors.

Oil slips after OPEC keeps output high, China slowdown

Last Updated: Monday, June 8, 2015, 20:10

Oil prices fell on Monday on news of a slide in China`s fuel imports and as markets digested OPEC`s decision to maintain its production target, which analysts said could prolong a supply glut for the rest of the year.

OPEC heads towards holding output; oil slips under $60

Last Updated: Thursday, June 4, 2015, 17:00

OPEC headed Thursday towards holding crude output levels on the eve of its production meeting, as oil prices slid back under $60 a barrel on concerns that the expected decision would further fuel oversupply.

OPEC to continue pumping oil at current rate

Last Updated: Wednesday, June 3, 2015, 20:47

OPEC is set to carry on pumping oil nearly flat-out for months more, content that last year`s shock market therapy has revived demand and knocked back growing competition.

Oil market `comfortable` with violence risk: Saudi

Last Updated: Wednesday, June 3, 2015, 18:32

Recent unrest in the Middle East and North Africa has little impact on oil prices because the market has become "comfortable" with risk, Saudi Arabia`s Oil Minister said Wednesday.

US crude rebounds towards $59 on crude stocks data

Last Updated: Wednesday, May 20, 2015, 08:48

US crude futures rose on Wednesday after a more than three percent slide in the previous session, supported by a larger than expected drop in crude inventories, although a firmer dollar capped gains.

Oil down 3% on dollar rally, ample supply worry

Last Updated: Tuesday, May 19, 2015, 23:27

Oil prices fell 3 percent on Tuesday, with U.S. crude extending losses for a fifth straight day, as the dollar rallied amid evidence that the United States and top oil exporter Saudi Arabia were pumping more than the world needed.

Oil prices higher on Middle East unrest

Last Updated: Monday, May 18, 2015, 19:16

Oil prices rose on Monday as fresh tensions in Yemen and Iraq raised concerns about a supply disruption in the crude-rich Middle East, analysts said.

Goldman cuts crude outlook and oil company forecasts

Last Updated: Monday, May 18, 2015, 18:34

Goldman Sachs has cut its long-term crude oil price forecasts and recommended investors sell shares in two major oil companies, saying that improved U.S. shale efficiency and higher production from OPEC will more than cover future demand.

Iran deputy oil min says OPEC unlikely to cut output

Last Updated: Monday, May 18, 2015, 10:22

The Organisation of the Petroleum Exporting Countries (OPEC) is unlikely to implement a production cut at its next meeting in June, a senior Iranian official said on Monday.

Oil up 3% in largest gain in three weeks; volatility threatens

Last Updated: Wednesday, May 13, 2015, 08:44

Oil rose 3 percent on Tuesday, the most in three weeks, as a weak dollar lifted commodities denominated in the currency and OPEC raised slightly its forecast for world oil demand growth.