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Oil Prices

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Oil rises on weakened dollar ahead of US...

A US energy department report to be released later in the day is expected to show another rise in US commercial crude stockpiles, indicating softer demand...

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Oil prices bounce back in Asia after sharp...

Oil prices rebounded in Asia Wednesday after a two-day sell-off fanned by concerns over planned talks between major producers to freeze output.

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Crude prices up in Asia but weak Chinese...

"It's a signal of the slowing down of the Chinese economy, the largest consumer of energy in the world,"

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Oil prices rise on talk of Russia meeting...

Crude has picked up recently following speculation over plans by major oil producers including OPEC kingpin Saudi Arabia to cap output.

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Oil prices fall ahead of US inventory data...

Oil prices had risen Tuesday on increasing optimism of an output freeze to shore up the market as Russia said domestic oil groups supported the proposal....

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Investments in oil exploration and production...

Elly Karuhanga, chairman of Uganda Chamber of Mines and Petroleum (UCMP) conceded that it is a very difficult time for oil and gas companies but it is...

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Oil prices fall as oversupply worries return...

Prices rose the previous day as traders looked past an increase in US commercial crude inventories to a record high to a fall in stocks of refined products...

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Oil prices rally after plumbing new depths...

Prices for both key contracts dived Thursday in line with a sell-off across global markets as traders grow increasingly concerned about the state of the...

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Oil market rebounds slightly

Gains were however capped by bearish data showing another increase in commercial crude inventories in the United States, the world's top oil consumer....

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Dollar rises against emerging units as risk...

Traders moved out of higher-yielding and riskier emerging units after the International Monetary Fund announced overnight it had decided to downgrade its...

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