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NewsOil in Asia

Oil in Asia News

08 Oct 2015

Oil prices bounce back in Asian trade

Oil prices bounced back in Asia on Thursday as investors weighed a rise in US crude inventories and production against a forecast by OPEC's chief of rising demand.

05 Oct 2015

Oil extends gains in Asia

The number of active rigs in the United States fell by 26 to 614 last week, the lowest in five years, helping ease concerns over the global crude oversupply that has depressed prices.

15 Sep 2014

Oil prices fall after weak Chinese data

US benchmark West Texas Intermediate for October delivery eased USD 1.06 to USD 91.21

11 Sep 2014

Brent holds above $98 on Mideast concerns; oversupply worries cap gains

US crude fell 8 cents to $91.59 after falling to $91.22 in the previous day, the lowest since May 2, 2013.

09 Sep 2014

Brent slips but holds above $100 on OPEC output cut hopes

Expectations of production cuts by the Organization of the Petroleum Exporting Countries come as Gulf Arab oil ministers gather on Thursday in Kuwait for an annual meeting which could include discussion about price levels.

02 Sep 2014

Brent crude falls towards $102 as demand concerns outweigh Libya unrest

Brent crude fell towards $102 a barrel on Tuesday on concerns of slowing oil demand growth due to weak economic recoveries in China and Europe, although new unrest in OPEC oil producer Libya kept losses in check.

16 Jul 2014

Oil prices up in Asian trade

A decline in inventories typically indicates strong demand, sending prices higher.

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