June 14, 2016 11:27 am
After a rally in the commodity that saw the US benchmark hit an 11-month high last week, investors are beginning to cash in and search out safe havens such as the yen and gold.
June 13, 2016 10:41 am
The retreat comes after US benchmark West Texas Intermediate last week hit an 11-month high thanks to a weaker dollar.
May 24, 2016 11:07 am
Prices have rebounded since plunging to near 13-year lows below $30 in February but are still well short of peaks of more than $100 a barrel reached in June 2014.
May 23, 2016 7:50 am
A meeting of the OPEC exporters' group, including Iran, is scheduled for June 2.
March 07, 2016 12:01 am
The petroleum industry is in poor shape. Budget 2016 fails to lay out a clear roadmap
February 01, 2016 9:23 am
Front-month Brent crude was trading at $35.55 per barrel at 0047 GMT, down 44 cents or over 1.2 percent from the last close.
January 10, 2016 12:14 am
There is nothing extraordinary about the actual receipts or expenditure of government so far. No department is expected to spend more than the budgeted amount.
January 08, 2016 9:28 am
Oil prices plunged to 12-year lows in the previous session after China allowed its yuan currency to slip
January 04, 2016 9:25 am
Saudi Arabia announced the decision on Sunday, a day after protesters ransacked its embassy in Tehran over the execution of a Shiite cleric.
October 27, 2015 6:54 pm
While Kuwait and some other Mideast countries have sizeable reserves, continuing low prices could put them under increased pressure.