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Weak economic outlook and oversupply weigh on oil markets

Last Updated: Tuesday, September 8, 2015, 08:21

Japan`s economy shrank an annualised 1.2 percent in April-June, revised GDP data showed on Tuesday, despite ongoing government and central bank measures to support growth.

Venezuela, Russia's Rosneft agree on $14 billion oil, gas investment

Last Updated: Thursday, May 28, 2015, 08:29

"We had a great meeting and agreed on investment of over $14 billion," said Maduro during a televised broadcast, adding the funds would go towards doubling Venezuela`s oil production. 

OPEC price war in Asia intensifies as oil falls below $50

Last Updated: Monday, January 12, 2015, 16:42

The United Arab Emirates (UAE) last week joined Kuwait and Iraq in pricing crude they sell to Asia below that of OPEC`s top producer Saudi Arabia.