As signs of a demand slowdown surface, higher OPEC output only partly offsets non-OPEC decline Having peaked, at a five-year high of 1.6 million barrels per day (mb/d) in ... Read More
Footsie plunged 203 points or 3.5% to close at 5,673 That means £52bn has been wiped off blue-chip share values today Now more than 20% below April 2015’s 7,103 ... Read More
Royal Dutch Shell has reported a sharp drop in profits just a week before shareholders vote on its planned takeover of smaller rival BG Group. For the fourth quarter ... Read More
Crude futures slumped again in Asian trade on Wednesday, with U.S. oil droppping more than 3 percent toward $27 a barrel and its lowest since 2003, on worries about ... Read More
Asian stocks tumbled Wednesday, with major indexes declining by more than 1 percent each, as global sentiment remained low on concerns over economic growth, China and low oil prices. ... Read More
Asian equities traded mostly lower on Monday, as investors remain focused on the mid-week decision from the U.S. Federal Reserve. The Chinese market bucked trends and traded up, boosted by ... Read More
Non-OPEC output to slip more than 0.6 mb/d in 2016 as demand growth slows to 1.2 mb/d from five-year high Global demand growth is forecast to slow to 1.2 ... Read More
The global oil glut will last through next year as surging demand and faltering supply growth fail to clear the surplus, according to the International Energy Agency. Record inventories ... Read More
Global oil demand growth slowing even as OPEC output at three-year high; OECD industry inventories surge to record Global oil demand growth is forecast to slow to 1.2 million ... Read More
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