Jul 29, 2015 at 08:50 | Source: Reuters
Asian investors focused on OPEC production figures that showed members of the Organization of the Petroleum Exporting Countries produced around 3 million barrels of oil per day more than daily demand in the second quarter, a Reuters survey showed.
Jul 28, 2015 at 10:10 | Source: Reuters
Both the dollar and euro held steady in early Asian trade after the dollar index slipped 0.7 percent in the previous session. The euro surged to a two-week high overnight, which had helped to support oil prices.
Jul 24, 2015 at 10:49 | Source: PTI
Oil prices rose in Asia on Friday following recent losses but analysts said the rebound is unlikely to be sustained because of a global crude glut.
Jul 23, 2015 at 09:08 | Source: PTI
Oil prices were mixed in Asia on Thursday, with WTI stuck below USD 50 a barrel after a rise in US stockpiles added to concerns over a supply glut, analysts said.
Jul 22, 2015 at 10:53 | Source: PTI
Oil prices resumed their declines in Asia on Wednesday following a US report showing stockpiles surged last week, with analysts warning for further weakness ahead.
Jul 15, 2015 at 13:00 | Source: Moneycontrol.com
Oil prices rose in Asia on easing concerns about the impact of the expected flood of Iranian supplies on the global market following the country's historic nuclear deal.
Jul 14, 2015 at 22:15 | Source: PTI
The landmark nuclear deal reached between major world powers and Iran will lead to an increase in oil exports from the West Asian nation to India, and may revive the long-pending gas pipeline projects involving the two countries, industry body Ficci said on Tuesday.
Jul 13, 2015 at 20:31 | Source: Reuters
The global oil market should be more balanced next year as China and the developing world increase oil consumption while supply of shale oil from North America and other regions grows more slowly, OPEC said on Monday.
Jul 09, 2015 at 14:46 | Source: Reuters
Front-month US crude futures were up 80 cents at USD 52.45 a barrel by 0745 GMT, but were still almost 8 percent lower than at the end of last week.
Jul 08, 2015 at 15:15 | Source: Reuters
These concerns compounded downward pressure on prices from the supply side as the prospect of a deal on Iran's nuclear work raised the possibility of more supply reaching a market many analysts see as already having too much oil.