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News // Markets & Stocks

Discussions about potential ExxonMobil bid for BP

BP provided one of the few distractions for traders yesterday as global slowdown worries sent the FTSE 100 to its sharpest fall since November.

30 June 2010 , 08:27Bryce ElderFinancial Times14340

As tropical storm will not fully hit the main oil production in US Gulf of Mexico, oil prices have fallen

Oil fell to below $78 on Tuesday as forecasts indicated tropical storm Alex would skirt the main production region in the U.S.Gulf of Mexico, limiting disruption there to a few precautionary shutdowns.

29 June 2010 , 08:55Reuters14130

Forecasts of a potential tropical cyclone in the Gulf of Mexico stimulate oil prices

Oil prices edged higher on Friday after a U.S. government forecaster raised the chances that a weather system headed towards the oil-rich Gulf of Mexico may develop into a tropical cyclone.

25 June 2010 , 08:54Reuters15140

World oil demand should rise by 1.4% per year by 2015 IEA experts said

"Oil and gas markets are starting to show signs of recovery, but the impact of the recession differs across regions,and the outlook remains very uncertain,' said Nobuo Tanaka, Executive Director of the International Energy Agency (IEA).

24 June 2010 , 09:54OilVoice17360

Doubts on US economic recovery keep oil prices down

Oil fell for a third day, trading near the lowest levels since mid June, after the U.S. Fed said the pace of U.S. economic recovery is faltering.

24 June 2010 , 09:09Reuters13430

Growing US crude inventories pushes oil prices down

Oil prices fell for a second day on Wednesday after an industry report showed unexpected gains in U.S. crude and gasoline inventories, while weak U.S. home sales data sent equities lower and dampened risk appetite.

23 June 2010 , 08:48Reuters15460

Kazakh state fund Samruk Kazyuna ready to sell shares by 2017

Kazakhstan’s state-run bailout fund is planning to sell shares in 2017, CEO Kairat Kelimbetov said in an interview.

22 June 2010 , 09:33Bloomberg15050

Oil prices fell toward $77 after speculations on yuan appreciation effects

Oil fell 0.8 percent toward $77 on Tuesday on speculation that a gradual appreciation of the yuan would have a limited impact on China's petroleum imports in the short term.

22 June 2010 , 08:57Reuters14340

Oil prices stimulated by increasing flexibility of Chinese Yuan

Crude prices rose 1.6 percent on Monday to the highest since early May after China vowed to allow a flexible yuan exchange rate, raising expectations of higher crude imports by the world's No. 2 oil user.

21 June 2010 , 08:22Reuters18490

Doubts on world growth sustainability pushed down oil prices

U.S. crude futures extended losses on Friday as sluggish economic indicators raised doubts about the sustainability of a recent acceleration in demand growth by top oil consumer the United States.

18 June 2010 , 08:43Reuters13780

Highest oil prices since mid-May with a price above $77

Oil rose above $77 on Wednesday to reach the highest level since mid-May, tracking a recovery in global stock markets as risk appetite returns with easing concern about Europe's economy.

16 June 2010 , 08:33Reuters14570

Oil prices fell after Greek bond were downgraded

U.S. oil prices rose Monday, but pared gains after Greece's bonds were downgraded, cutting into optimism about global economic recovery that had fueled the earlier rise.

15 June 2010 , 09:09Reuters15170

Investor confidence on China maintained oil prices above $75

Oil slid on Friday following data showing weaker-than-expected Chinese industrial output for May, though investor confidence in the country's growth helped prices hold above $75, headed for a weekly gain of 5 percent.

11 June 2010 , 09:44Reuters14750

Oil prices above $74 after positive Chinese exports data

Oil pared losses and held above $74 after data showing Chinese overall exports surged in May offset weaker demand readings in top consumer, the United States.

10 June 2010 , 09:19Reuters17360

Obama's anger against BP pushes down shares of the British company

Shares in BP fell a further 5% on Tuesday after US President Barack Obama launched his most strident attack yet on the oil giant.

09 June 2010 , 08:50BBC News15250

Oil rises on stronger demand expectation

U.S. crude oil futures rose Tuesday, lifted by a euro bounce ahead of inventory data expected to show U.S. crude stocks fell last week.

09 June 2010 , 08:31Reuters14960

Oil prices return slowly toward $72 Tuesday

Oil edged higher towards $72 on Tuesday as forecasts for a drop in U.S. inventories helped stabilize a volatile market driven by concerns that Europe's debt crisis would cut into energy demand.

08 June 2010 , 08:52Reuters12770

US economic data and new worries about EU debts push oil prices below $70

Oil fell to below $70 for the first time in almost two weeks on Monday after disappointing U.S. jobs data and warnings about Hungary's economy re-ignited concern about energy demand growth and Europe's debt crisis.

07 June 2010 , 08:50Reuters17770

Return of skepticism pushes oil prices under $74

Oil slipped on Friday from its highest closing price in three weeks as investors remained skeptical that rising U.S. demand and falling stockpiles would prevail over concerns Europe's debt crisis would worsen.

04 June 2010 , 08:37Reuters14360

Strong US economic indicators maintained oil prices near $74

Oil advanced for a second day on Thursday to near $74 as robust U.S. economic indicators re-injected some confidence into financial markets and signaled oil inventories at the world's top consumer may shrink.

03 June 2010 , 09:43Reuters12550

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