SINGAPORE: Brent oil prices held around $50 a barrel on Friday following an OPEC meeting that failed to agree on output targets, but which was seen as supportive as Saudi Arabia pledged not to flood the market with more fuel.
PARIS: The oil price may have finally bottomed out after an unprecedented drop over the past 18 months, the International Energy Agency (IEA) said Friday, noting oil’s “remarkable recovery” over recent weeks.
SINGAPORE CITY: Oil prices dipped in Asia Tuesday but Brent crude stayed above $40 a barrel, as traders took profits after solid gains over the past three weeks.
SINGAPORE: Crude fell back below $30 a barrel in Asia Tuesday as worries about the global supply glut returned to the fore, following a two-day rebound.
SINGAPORE: US crude tumbled below $28 a barrel in Asia on Wednesday, hitting new 12-year lows, after the International Energy Agency (IEA) warned that the oil market could “drown in oversupply”.
NEW YORK: Oil prices crashed 6 percent on Friday to close below $30 a barrel for the first time in 12 years, resuming this year’s breathtaking rout as Chinese stock markets fell further and traders braced for an imminent rise in Iran’s exports.
SINGAPORE: Oil prices resumed their decline in Asia on Wednesday ahead of the release of data on US crude stockpiles and production.
SINGAPORE: Oil prices rose in Asia Friday as traders hedged their bets ahead of a meeting of the OPEC cartel whose members are divided on whether to slash production in an oversupplied global market.
SINGAPORE: Oil prices fell in Asia Wednesday as the Organization of the Petroleum Exporting Countries (OPEC) prepared to meet in Vienna, amid expectations it will maintain high output levels.
NEW YORK: Global oil prices surged higher Tuesday after Turkey shot down a Russian warplane on the Syrian border, sparking concerns about rising in the oil-rich Middle East.