Home
> oil prices
oil prices
Oil price near five-year low as Morgan Stanley cuts price forecast
Crude prices fall to around $68 a barrel on Monday.
Russian rouble plunges again on falling oil prices
Rouble lost 1.5% of its value against the dollar this morning.
Oil sheds over 1% on dismal China data and Morgan Stanley Brent forecast
Oil prices drop post release of Chinese monthly trade data that missed expectations.
BP set to cut hundreds of UK and US jobs as spill costs and oil price plunge hurt profitability
Headcounts will come down across all upstream and downstream activities and corporate centres.
Crude oil prices fall hard amid rallying US dollar
The dollar hit a five-year high against a basket of currencies post the release of the upbeat US employment report.
Putin's Russia to plunge into recession in 2015 as oil price drop triggers economic mayhem, government admits
Economy likely to shrink by 0.8% next year amid falling oil prices, sanctions and capital flight.
Oil prices plunge to five year low in longest losing streak since the credit crisis
Oil now hovers around $64, down from triple digit highs five years ago.
Oil Prices Drop 18% Amid Fears of a Growing Glut
Moody's lowers its pricing outlook for Brent and WTI crude oils for 2015 and 2016.
Opec: Oil Prices Are Falling Fast and This is Why
Opec countries maintaining output, global demand slump, and US shale production puts pressure on the market
Opec Meeting: Venezuela Backs Output Cut as Prices Tumble
Oil futures extended losses amid speculation that Opec will not cut output.
Qatar: Falling Oil Prices Will Have No Impact On $200bn World Cup Construction
Country has abundant liquidity and natural gas to ensure $200bn spend goes ahead.
Opec Must Cut Production or Oil Will Fall to $60 a Barrel
Brent crude futures have shed a third since June and hit a four-year low of $76.76 a barrel on 14 November.
Western Sanctions and Oil Price Fall Costing Russian Economy up to $140bn Per Year
Russian Finance Minister Anton Siluanov says Western sanctions costing economy dearly.
Crude Oil Ends Weeks-Long Decline on China Rate Cut
China's central bank has cut interest rates in a bid to boost growth in the world's second-biggest oil consumer.
Venezuela Expresses Readiness to Cut Production to Arrest Fall in Oil Prices
Foreign Minister Rafael Ramirez said his country would make a proposal to limit supply and strengthen prices at the next OPEC meeting.
Rouble Regains Ground But Oil Prices Weigh on Russian Currency
Russia's rouble up by 0.8% against dollar on Tuesday as exporters traded in foreign revenues.
Oil Prices Plunge Amid Uncertainty Over Opec's Production Decision
Oil cartel Opec's member nations to meet on 27 November in Vienna.
Microsoft Overtakes Exxon Mobil and Google in Market Cap to Become Second-Largest Company
Microsoft closed at $49.58 on 14 November at corresponding market capitalisation of $408.7bn.
Crude Oil Prices Witness Mixed Trade in Asia Amid Opec Uncertainty
Brent prices have dropped for eight successive weeks on fears over a global supply glut.
Crude Oil Prices Fall on Opec's 2015 Demand Warning
Opec has shown few signs it will reduce oil production ahead of its 27 November meeting.
Qatar Claims Oil Prices Have No Effect on Economy
Gulf state's conservative budget means it will escape impact of sliding prices.
Senegal: Cairn Energy Makes Second 'Significant' Oil Find of up to 670 Million Barrels
It is Cairn's second oil discovery in the Sangomar region in the past month.
Crude Oil Prices Drop Amid Global Supply Glut
Oil prices have lost 30% since June peak on increased supply and slowdown in Europe and China.
Oil Falls Below $83 as Dollar Hits Four-Year High
Brent crude fell below $83 a barrel as the US dollar hit a four-year high on Friday.
Rouble Plummets Again as Central Bank Moves Towards Free-Floating Currency
Rouble hits another record low against dollar as Bank of Russia withdraws unlimited support.
Indian Markets Scale New Peaks on Reforms Euphoria
Indian investors cheer falling oil prices and New Delhi's intention to further reform Asia's third-largest economy.
Crude Oil Prices Drop Further on Dismal China Data
Weak data from top energy consumer China has fuelled worries about oil demand amid a global supply glut.
Oil Hits Four Year Low as Saudi Arabia Slashes US Prices
Brent crude sinks close to $82 a barrel after Saudi Arabia cut prices to US customers.
Russia's Struggle With Ukraine to Hit Growth in Central Asia
IMF says central Asian countries will feel impact of falling oil prices and the Ukraine crisis.
Hedge Funds Lower Bullish Oil Bets Amid Global Supply Glut
Brent lost over 9% in October while US crude shed over 11%.