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Oil lurks near $60 mark as Turkey threatens to blockade Iraqi Kurds
Brent futures spike on anticipation of higher demand and geopolitical tension.
Gaurav Sharma Sep 26, 2017
Russia's Gazprom topples US behemoth ExxonMobil as the world's leading energy company
ExxonMobil's 12-year reign at the top comes to an end as lower oil price sends it tumbling down the pecking order.
Gaurav Sharma Sep 25, 2017
Oil refineries hit as Storm Harvey's once-in-500-year flood envelops Houston
Water has reached as high as second-storey homes as the deluge from storm Harvey dumps tens of inches of rain on the state.
Roger Baird Aug 28, 2017
Hundreds of strange sponge-like balls have appeared on beaches in France
A 30km stretch of coastline has been affected.
Jul 18, 2017
People hoping for $70-80 oil price living in 'fantasy land', says top financier
Standard Chartered's Peter Gaw says industry should get real and accept an era of low prices.
Gaurav Sharma Jul 10, 2017
Tullow toasts debt reduction but warns against low oil prices
Oil producer sees debt decline $950m in the first half on the back of a successful share issue.
Dan Cancian Jun 28, 2017
Gold extends gains pinned on forex volatility
Precious metals rose for much of the European session fuelled by volatility in currency markets and political uncertainty.
Gaurav Sharma May 22, 2017
Betting on higher oil prices goes barmy on Saudi and Russian output cut agreement
Many money managers were withdrawing bets on higher oil prices before Saudi-Russian announcement reignited interest.
Gaurav Sharma May 16, 2017
S&P 500 and Nasdaq reach record highs as tech and oil prices rise
The Dow Jones also ended higher, gaining 85.33 points to settle at 20,981.94.
Nicole Rojas May 16, 2017
Commodities round-up: Russia and Saudi Arabia agree to cut oil output until March 2018
Major oil producers pledge to do "whatever it takes" to cut production to curb current oil glut.
Dan Cancian May 15, 2017
Discovery of unique Amazon coral reef could derail plans to drill for oil off coast of Brazil
Environmentalists believe the reef, more 1,000 kilometres long and dotted with brightly coloured coral, may be home to new marine species.
David Sim May 12, 2017
Oil futures reverse decline as OPEC stares at non-OPEC supply uptick
Prospect of rising US shale production continues to neuter possible price boost from Opec output cut extension.
Gaurav Sharma May 10, 2017
Asia: Markets in sharp decline as oil prices plummet
Five-month low oil prices and a downturn in the commodities sector weighed heavily on investors.
Pramod Sharma May 05, 2017
US stocks narrowly edge up as oil price rise offset geopolitical tensions
Energy shares saw a big boost following rise in oil prices.
Nicole Rojas Apr 11, 2017
Oil market uptick extends into fourth session despite higher US inventories
Bearish data from US failed to halt gains in oil market as traders speculate over extension of Opec cuts.
Gaurav Sharma Apr 06, 2017
Shell to sell 50% stake in New Zealand gas field
Energy giant to sell its interest in Kapuni gas field to local venture partner Todd Energy.
Karthick Arvinth Apr 06, 2017
Wood Group anticipates higher cost savings from Amec Foster Wheeler merger
Wood Group expects to achieve 36% higher cost synergies from its deal to buy Amec than initially estimated.
Karthick Arvinth Apr 05, 2017
Trump approves TransCanada's Keystone XL pipeline
Controversial pipeline was approved by Trump in reversal of Obama policy to combat climate change.
Graham Lanktree Mar 24, 2017
Asian stock markets mixed following poor Wall Street performance overnight
The mixed trend follows RBA highlighting the growing risks in the Australian housing market.
Kedar Grandhi Mar 21, 2017
Commodities Round-up: Oil prices tumble as US production continues to increase
US rigs count rises for the ninth consecutive week, with production now exceeding 9m barrels per day.
Dan Cancian Mar 20, 2017
Commodities: Oil prices end losing streak as US crude supplies decline
US crude supplies record first decline in 10 weeks, while Saudi Arabia reiterates commitment to OPEC deal.
Dan Cancian Mar 15, 2017
US stocks close lower as energy shares drag
Investors are cautious ahead of a likely interest rate hike announcement on Wednesday (15 March).
Nicole Rojas Mar 15, 2017
Commodities: Oil prices fall to three month-low amid growing US supply
US rigs count increases for eight consecutive week, bringing the tally to highest level since September 2015.
Dan Cancian Mar 13, 2017
Wood Group and Amec Foster Wheeler agree £5bn merger
Amec Foster Wheeler shareholders will retain control of 44% of the new company, following £2.2bn takeover bid.
Dan Cancian Mar 13, 2017
Did Trump promote ExxonMobil when Rex Tillerson still held the oil giant's stock?
Secretary of State promised to divest stock holdings worth more than $50m within three months of confirmation.
Graham Lanktree Mar 09, 2017
Hedge funds continue to book bullish bets on oil despite lacklustre movement
Oil appears to be stuck in the low-to-mid-$50 range but money managers continue to place bets to the upside.
Gaurav Sharma Feb 28, 2017
Commodities Round-up: Silver surges past $18.50 as traders hedge for possible 'risk-off' event
Over the past nine weeks, gold has risen on eight occasions while silver has in every one.
Gaurav Sharma Feb 27, 2017
Commodities Round-up: Oil rally loses fizz as traders make covering bets
Oil futures slid as traders booked profits on recent price upticks triggered by comments from Opec.
Gaurav Sharma Feb 24, 2017
Commodities Round-up: US crude inventory data stalls oil price decline but oversupply fears persist
Higher drawdown of US inventories sends Brent, WTI futures on recovery run.
Gaurav Sharma Feb 09, 2017
Most Asian markets rise as the central banks of India and New Zealand keep rates unchanged
The trend in Asian markets also follows renewed confidence in China's economy.
Kedar Grandhi Feb 09, 2017
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