Business
Oil up as investors balance sanctions risks, oversupply worries
Oil prices gained about US$1 on Tuesday on the impact of the latest US sanctions on Russian oil and the optimism over a potential end to…
Tag
oversupply
Business
Oil settles lower on stronger dollar, fears of oversupply
Oil prices settled lower on Tuesday as weaker manufacturing numbers and a stronger dollar weighed on demand, while the Opec+ decision to…
Business
Gulf development profits as Thailand faces electricity oversupply and regulatory gaps
Electricity prices in Thailand have long been a political and economic flashpoint, with frequent allegations of corruption and favoritism…
Unsorted
Oil falls 2% to four-month lows on oversupply concerns
Oil prices settled down about 2 per cent at the lowest in four months on Thursday (Oct 2), extending a run of declines into a fourth day,…
Unsorted
Oil falls as Opec+ output hike adds to oversupply concerns
Oil prices fell to their lowest levels in a week on Monday after Opec+ agreed to another large output increase in September, adding to…
Business
Oil drops as dour economic outlook adds to oversupply concerns
OIL prices fell on Thursday (Dec 19) after central bankers in the US and Europe signalled caution over further easing of monetary policy,…