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Oil falls on weak Chinese manufacturing activity and US refinery strikes

2015-02-02 01:00:00| Offshore Technology

The price of Brent crude oil dropped on Monday due to weak manufacturing activity in China and a refinery strike by the US unions.

Tags: activity chinese oil falls

 

Oil falls again as IMF cuts forecast

2015-01-21 09:27:51| Oil & Gas - Topix.net

Oil fell as much as 5 per cent on Tuesday after the International Monetary Fund cut its 2015 global economic forecast on lower fuel demand and key producer Iran hinted prices could drop to US$25 a barrel without supportive OPEC action. An expected slide in the US oil rig count in the first quarter compared with the fourth quarter of last year failed to boost sentiment as traders and investors remain glued on concerns of oil oversupply.

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Oil falls towards $48 following worldwide economic growth forecast cut by IMF

2015-01-20 01:00:00| Offshore Technology

The price of Brent crude oil dropped towards $48 a barrel today following a reduction in the worldwide economic growth forecast for 2015 by the International Monetary Fund (IMF).

Tags: growth cut economic oil

 

Price of Brent crude oil falls further amid record oil production in Iraq

2015-01-19 01:00:00| Offshore Technology

The price of Brent crude oil declined below $50 a barrel following the announcement of record oil production in Iraq for December.

Tags: price record production oil

 

Oil price falls to new six-year low

2015-01-12 12:28:34| BBC News | Business | UK Edition

The price of Brent crude oil drops more than 3% to below $49 a barrel, its lowest level since April 2009.

Tags: price low oil falls

 

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