Monday 8 February 2016
 
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oil price

Oil slump sparks second wave of budget cuts

Less than two months into the year, the top US shale oil companies have already cut their budget for 2016 a second time as the relentless drop in oil prices continues to erode their cash flow. With oil prices firmly wedged in the

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Oil slips after Saudi, Venezuela meeting yields little

Crude oil futures were mixed in early Asian trade on Monday after a meeting between Opec producers Saudi Arabia and Venezuela to discuss coordination on prices ended with few signs there would be steps taken to boost prices. Brent

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Oil extends gains on dollar-slide, talk of output cut

Crude oil futures extended gains from the previous session on Thursday, as a weaker dollar and unconfirmed talk of producers potentially meeting to discuss output cuts lifted the market despite record US stocks. Despite this, anal

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Oil extends gains on dollar-slide, talk of output cut

Crude oil futures extended gains from the previous session on Thursday, as a weaker dollar and unconfirmed talk of producers potentially meeting to discuss output cuts lifted the market despite record US stocks. Despite this, anal

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Asia stocks jump as dollar slide boosts oil

Asian shares rallied on Thursday as speculation the US Federal Reserve might opt to not raise interest rates at all this year hammered the dollar and sparked a huge rally in oil prices. By some measures the US currency suffered it

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Asian shares fall, safe assets shine as oil retreats

Asian shares tumbled on Wednesday as oil prices dropped for a third day, prompting investors to seek shelter in safe-haven assets and lifting bonds and gold to multi-month highs. The MSCI's broadest index of Asia-Pacific share

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Oil drops for third session on oversupply

Oil futures extended losses into a third session in Asian trade on Wednesday, as US crude stocks last week surged to more than half a billion barrels and as Iran plans to boost exports from March. Milder weather forecast for the l

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Oil slips towards $33 as output cut hopes dim

Oil prices fell around 3 per cent on Tuesday, dented by worries about the demand outlook and rising supply, while hopes for a deal between Opec and Russia on output cuts faded. Brent for April delivery was down $1.01 at $33.23 a b

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Saudi Arabia tightens rules for grants to study abroad

The Saudi Arabian government has decided on new eligibility requirements on its multi-billion dollar scholarship programme for young Saudis who study for university degrees abroad, the cabinet said on Monday. The new rules were pr

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Oil slips on China data, rising Opec supply

Oil prices fell for a second session in Asian trade on Tuesday as worries about top energy consumer China and rising oil supply weighed on markets, although possible talks between Opec and Russia on output cuts offered some support.

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