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Ample crude supples until mid-2016: IEA chief

SINGAPORE: The head of the International Energy Agency said Monday that ample supplies of oil in the world market would extend into the middle of next year, while investment is expected to decline further because of persistently low prices.

Oil prices drift lower

LONDON: Oil edged lower Wednesday in muted deals as dealers digested poor Chinese trade data and looked ahead to the weekly US stockpiles report, analysts said.

Oil prices edge up in Asian trade

SINGAPORE: Oil prices rebounded in Asia Friday after plunging in the previous session in reaction to news that OPEC had overproduced in December, while it also cut its global demand outlook.

Oil prices extend gains in Asia

SINGAPORE: Oil prices rose in Asia on Monday, extending a sharp rebound at the end of last week, with analysts predicting the sector has bottomed out after plunging almost 50 percent since June.