Fin24

ARTICLES RELATING TO OIL

Oil price strikes nine-month peak

The price of New York's main oil benchmark hit a peak, as traders worried that the Syria crisis could hit supplies from the crude-rich Middle East, analysts say.

Iraq to get $6trn from new energy plan

Iraq has unveiled an ambitious energy strategy that aims to see it raise $6 trillion from oil and gas sales and massively increase local power generation.
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Opec keeps pumping as oil demand softens

Opec continues to pump more oil despite sluggish economic growth dampening an increase in demand, the International Energy Agency says.

S Sudan scrambles after oil threat

The government of South Sudan says it's not suporting insurgents after Sudan announced its intention to stop the flow of oil.

Oil down as weaker China data weighs

Oil prices have dipped in Asian trade as data showing weak manufacturing activity in China suggested growth in the world's second largest economy was slowing.

US shale poses challenge to Opec output

Opec's halcyon days of high prices and high production may be drawing to a close as soaring US production opens a new era for world oil markets.

Oil up in Asian trade

Analysts say dealers in Asia, waiting for results of an Opec meeting, are buying oil after a drop in prices over the past few days.

Total settles US bribe probe for $398m

Oil giant Total has agreed to pay $398.2m to settle US criminal and civil allegations that it paid bribes to win oil and gas contracts in Iran.

Oil prices recover in Asia

Oil prices have recovered in Asian trade following a drop triggered by fresh economic data that highlighted global growth concerns.

Bashir threatens to cut South Sudan oil

Sudanese President Omar al-Bashir has warned that he will order the flow of oil from South Sudan to be cut if Juba helps rebels in South Kordofan and Darfur.

Oil down in Asia on weak Chinese data

Oil prices have edged lower in Asia as weak Chinese manufacturing data raised concerns about energy demand, analysts said.

Oil down on China worries

Oil prices were lower in Asian trade, dragged down by prospects of weaker crude demand from China and a buildup in US stockpiles, analysts said.

Oil extends losses as dollar firms

Oil extended its losses in Asian trade on a stronger dollar after the US Federal Reserve hinted that it could ease its massive stimulus policy soon, analysts say.

Oil down, traders eye US inventory report

Oil was down in Asia as traders waited for the release of the latest energy inventory report from the United States, analysts say.

Oil up ahead of Fed chief's testimony

Oil was up in Asian tradeahead of a testimony in Congress by Federal Reserve chief Ben Bernanke on the US economy.
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