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Brent oil price News

07 May 2018

Oil prices reach highest since November 2014

The concerns added to worries over a looming decision on whether the United States will walk away from a deal with Iran and instead re-imposes sanctions on Tehran, keeping international oil markets on edge.

India Australia LNG

11 Sep 2017

India to buy 1 mt Australian LNG more after new price maths

In the new formula, Gorgon LNG delivered at Indian port will cost USD 6.95 per mmBtu.

20 Jan 2016

Oil dives to fresh 12-year low under $27

Oil plunged to fresh 12-year lows under US$27 on Wednesday (Jan 20), slammed by gloomy economic forecasts, China's slowdown and abundant crude supplies.

12 Sep 2015

Oil prices retreat as Goldman Sachs cuts forecasts

Oil prices dropped Friday as the Wall Street bank Goldman Sachs slashed its forecasts for crude prices.

11 Sep 2015

Oil falls more than 2 percent after Goldman cuts forecasts

Goldman cut its 2015 Brent price forecast to $53.70 a barrel from $58.20, and said it saw 2016 Brent prices at $49.50, down from its earlier $62 forecast.

11 Sep 2015

Oil weakens as Saudi sees no need for oil summit to defend prices

The front-month October contract for Brent, the global oil benchmark, shed 5 cents to USD 48.84 a barrel after it settled up USD 1.31, or 2.8 percent, on Thursday at USD 48.89 a barrel.

20 May 2015

US crude rebounds towards $59 on crude stocks data

US crude futures rose on Wednesday after a more than three percent slide in the previous session, supported by a larger than expected drop in crude inventories, although a firmer dollar capped gains.

13 May 2015

Oil up 3% in largest gain in three weeks; volatility threatens

Oil rose 3 percent on Tuesday, the most in three weeks, as a weak dollar lifted commodities denominated in the currency and OPEC raised slightly its forecast for world oil demand growth.

28 Apr 2015

Oil prices down in Asian trade

Oil prices fell in Asia on Tuesday after a senior Saudi official signalled that the world's top crude exporter has no intention of cutting production despite a global supply glut, analysts said.

24 Apr 2015

Oil hits 2015 high on Yemen worry; US gasoline at November peaks

Crude oil prices settled up 3 percent on Thursday, hitting 2015 highs, while U.S. gasoline reached 5-month peaks after Saudi Arabia and its allies maintained a bombing blitz in Yemen that heightened concerns about the security of Middle East oil supplies.

22 Apr 2015

Oil prices down in Asian trade

Oil prices fell in Asia today after a Saudi-led coalition declared an end to four weeks of air strikes in Yemen and ahead of a key US supply report.

17 Apr 2015

Oil falls from 2015 peaks, Brent jumps 9.6% on the week

Crude futures fell from 2015 peaks in choppy trading on Friday, but Brent`s 9.6 percent weekly gain was its biggest in more than five years as Middle East turmoil and signs of lower U.S. production lifted prices.

10 Apr 2015

Brent nudges up to near $57, set for weekly gain

Brent crude edged up on Friday, supported by strong economic data from Germany that lifted the oil demand outlook and as worries about a quick return of Iranian supplies eased.

09 Apr 2015

Oil prices edge back from 6% fall, but outlook weak

Oil prices rose in early trading on Thursday, clawing back a part of the 6 percent slump in the previous session after a shock jump in U.S. crude inventories and record Saudi output, although analysts said sentiment remained bearish.

08 Apr 2015

Oil rallies on US data, bullish EIA monthly report

Oil futures rallied on Tuesday and U.S. crude approached 2015 highs on strong jobs data and government forecasts for lower U.S. crude production growth and higher global demand for oil.

06 Apr 2015

Oil up more than $1 after Saudi's Asia price hike

Oil futures climbed more than $1 a barrel on Monday, after Saudi Arabia raised prices for crude sales to Asia for a second month, signalling better demand in the region.

31 Mar 2015

Oil prices dip as Iran nuclear deadline approaches

Oil sank on Tuesday as dealers tracked last-ditch efforts between global powers and Iran to reach a deal on Tehran's nuclear programme and ease sanctions imposed on the key crude producer.

31 Mar 2015

Oil drops to $55 as Iran nuclear talks intensify

Brent crude oil dropped towards $55 a barrel on Tuesday as Iran and six world powers entered a final day of talks over a nuclear deal that could see the energy-rich country increase oil exports to world markets.

27 Mar 2015

Oil up 5% after Saudi strikes in Yemen; dollar limits gains

Oil jumped about 5 percent on Thursday, rallying a second straight day, after air strikes in Yemen by Saudi Arabia and its Gulf Arab allies sparked fears of a bigger Middle East battle that could disrupt world crude supplies.

25 Mar 2015

Oil prices diverge before US energy report

Oil traded mixed Wednesday before the release of US stockpiles data, a closely watched barometer of demand in the world`s biggest consumer of the commodity, analysts said.

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