Tag: Barrels

SINGAPORE CITY: Oil prices turned lower again Monday as Iran prepared to ship its first consignment of the commodity since sanctions were lifted, reigniting worries over a global supply glut.

SINGAPORE: Oil prices fell on Tuesday, extending losses into a third week, on worries over a supply glut and with U.S. inventory data expected to show another increase in crude stocks.

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.

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.

LONDON: Oil prices were mixed Wednesday before the release of a key US supply report and as dealers eyed escalating violence in crude producer Libya, analysts said.

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.

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.

SINGAPORE: Oil prices extended a minor rally on bargain-buying Friday, a day after the US benchmark fell below $80 for the first time in more than two years.