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Oil wipes out gains on fading hopes for output limit

27-02-2016 09:26

Oil prices turned lower in late trade on Friday (Feb 26) as hopes fizzled for a fix in the global oversupply that could support prices.

Oil jumps after Venezuela renews hope for output limit

26-02-2016 15:05

Oil prices rose for a second straight day on Thursday, jumping after Venezuela raised hopes for a production limit that could help address the global oversupply.

Higher oil prices help VN stocks

26-02-2016 14:01

Vietnamese shares bounced back this morning on both local exchanges, led by energy stocks, as oil prices extended their gains on trading exchanges.

Oil slumps 4% as Saudi Arabia reaffirms no output cut

24-02-2016 12:05

Oil prices slumped on Tuesday after OPEC kingpin Saudi Arabia's oil minister reaffirmed opposition to a production cut to address global oversupply, expressing hope only for an output freeze next month.

Oil rallies on hopes for easing output

23-02-2016 14:16

Oil prices rallied on Monday as traders weighed continuing discussions on an output freeze by key crude producers in an oversupplied global market.

IEA braces for another year of cheap oil

23-02-2016 09:43

Oil prices will remain low at least until next year, the International Energy Agency (IEA) warned on Monday, saying any 2017 recovery will be slow as massive oil stocks feed into the market.

Oil prices fall as conditional 'freeze' deal disappoints

17-02-2016 17:10

Oil prices fell on Tuesday after a conditional agreement between Saudi Arabia and Russia and two other producers to limit output offered scant hope for an easing of the global oversupply.

Oil advances in line with equities

16-02-2016 10:49

Oil prices rose on Monday, extending recent bumper gains in line with rising global stock markets, and despite poor Chinese and Japanese economic data, traders said.

Investors return from Tet eyeing crude

15-02-2016 10:45

Vietnamese exchanges will likely extend gains this week after remaining closed during Tet, as investor confidence may rise on strongly rebounding oil prices and a weaker US dollar against the Vietnamese dong.

Oil ends lower on supply glut concerns

06-02-2016 13:11

Oil prices dropped on Friday (Feb 5), leaving the market lower for the week, as a prolonged supply glut weighed on sentiment.

Slumping oil market attracts attention

05-02-2016 15:43

Record-low oil prices can open up investment opportunities at oil fields for new investors.

Oil prices surge on fresh talk of OPEC meeting on glut

04-02-2016 16:00

Oil prices surged on Wednesday on renewed speculation about a potential cut in global production that overshadowed another rise in US crude inventories.

Travellers' delight: Falling oil prices mean cheaper air fares

01-02-2016 11:30

Plummeting oil prices have led to falling plane ticket prices-- and prospects for an even bigger bonanza of consumer-friendly fares in the coming months, airline industry experts say.

Oil rises on talk of Russia-OPEC meeting on output cuts

29-01-2016 10:02

Oil prices rose on Thursday after Russia said that it could hold meetings with OPEC over possible crude output cuts that could amount to as much as five per cent per country.