Oil prices edge up after sharp falls in previous session

Last Updated: Tuesday, September 15, 2015, 07:26

Oil prices steadied early on Tuesday as traders closed short positions and took on new longs after markets tumbled in the previous session.

Venezuela announces $5-bn Chinese loan for oil sector

Last Updated: Wednesday, September 2, 2015, 21:15

Venezuelan President Nicolas Maduro announced China has granted his government a $5-billion loan to boost oil output in the recession-hit OPEC state.

Oil jumps 8 percent, biggest three-day surge since 1990

Last Updated: Tuesday, September 1, 2015, 05:09

Oil futures soared on Monday for a third consecutive day, rising more than 8 percent, as a downward revision of US crude production data and OPEC`s readiness to talk with other producers helped extend the biggest three-day price surge in 25 years.

Without Saudi support, talk of OPEC emergency meeting is just noise

Last Updated: Tuesday, August 25, 2015, 23:16

Once upon a time, talk of an emergency OPEC meeting would have rippled through oil markets, likely triggering at least a brief rally in prices.

OPEC raises 2015 oil demand forecast despite bearish markets

Last Updated: Tuesday, August 11, 2015, 17:14

In its August monthly report, the Organization of the Petroleum Exporting Countries said it was expecting world oil demand to grow by 1.38 million barrels per day -- some 90,000 more than announced in its July estimates.

Oil prices fall further on oversupply fears

Last Updated: Monday, August 10, 2015, 10:45

US benchmark West Texas Intermediate (WTI) for September delivery was at USD 43.57, down from USD 43.87 on Friday in New York - its lowest close since March 17.

Oil falls below $45 per barrel, inches closer to 6-year low

Last Updated: Friday, August 7, 2015, 01:41

Oil prices fell again Thursday in a glum market as the global oversupply of crude oil looked entrenched and demand prospects weak.

Oil prices fall after Saudis say could raise output to meet demand

Last Updated: Friday, June 12, 2015, 12:56

Front month U.S. crude fell 28 cents to $60.49 a barrel by 0152 GMT. Brent futures were down 25 cents at $64.86 a barrel.

US becomes biggest oil producer in 2014, surpasses Saudi Arabia

Last Updated: Wednesday, June 10, 2015, 18:21

The United States has overtaken Saudi Arabia as the world's biggest oil producer in 2014 while India has recorded the highest growth in energy consumption among major economies.

Oil prices rise on hopes for China stimulus

Last Updated: Tuesday, June 9, 2015, 10:15

Front month U.S. crude climbed 24 cents to $58.38 a barrel by 0320 GMT, after ending the previous session down 99 cents. Brent for June delivery rose 19 cents to $62.88 a barrel, having settled down 62 cents in the previous session.

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 agrees to keep pumping as oil glut fears persist

Last Updated: Friday, June 5, 2015, 19:13

Oil group OPEC agreed to stick by its policy of unconstrained output for another six months on Friday, setting aside warnings of a second lurch lower in prices as some members such as Iran look to ramp up exports.