Stock market ends tough week on high note
The London market ended a bruising week edging higher despite warnings over global economic uncertainty from Holiday Inn owner InterContinental Hotels Group (IHG) and disappointing US jobs data.
oil price
UK fuel prices climb by more than 2p per litre
Fuel prices went up by more than 2p per litre last month, new figures show.
Maersk Oil slumps to $29million first quarter loss
Maersk Oil reported a net operating loss after tax of $29 million in the first quarter, compared with a profit by the same measure of $208 million a year earlier.
Sub $50: Sir Ian Wood – The worst of the oil price is over
The worst of the oil price rollercoaster is over, according to industry leader Sir Ian Wood.
Oil price recovering, but some predicting it’ll drop to $30 in weeks
Oil’s climb above $45 a barrel is reassuring influential figures from BP to the International Energy Agency that the industry is finally recovering from the worst slump in a generation. Others say the market is about to fall into the same trap as last year.
Oil sector shows signs of strength and stability
The first-quarter results posted this week from the oil sector are showing some signs of improvement and will come as a long overdue boost for weary long-term shareholders.
Phillips 66 profits drop
Phillips 66 posted a 61% drop in first-quarter earnings after profit margins for refining and chemicals production shrank.
ConocoPhillips posts first quarter loss and cuts spending
ConocoPhillips posted a $1.5billion first-quarter loss, compared with a year-earlier profit, and cut its spending budget for the second time this year as the slump in crude prices sapped its profitability.
Hess loss widens but by less than expected
US oil producer Hess reported a smaller-than-expected quarterly loss as cost cuts helped offset the impact of lower oil prices.
Oil declines as Kuwait workers end strike after three-day disruption
Oil fell after Kuwait workers said they would end a strike that disrupted output in OPEC’s fourth-largest producer for three days.
Doha failure exposes hedge funds that were betting on oil freeze
Hedge funds really wanted the Doha oil summit to work.
Oil declines as US supplies seen expanding before Doha meeting
Oil retreated from the highest level in more than four months as U.S. industry data showed crude stockpiles expanded before talks between major suppliers about freezing output.
Top oil traders sense worst is over and predict $80 oil by next year
Top executives at the world’s largest oil-trading houses said the worst of the market’s woes are probably over, with some predicting prices will climb to $50 a barrel by next year.
Oil rises to 2016 high above $43 per barrel
Oil rose above $43 a barrel to its highest level so far in 2016 against a backdrop of a weak dollar, signs of increased demand from China and lingering hopes that a meeting of oil producers will agree steps to tackle the global supply glut.
FTSE rises despite oil price fall
The London market struggled for direction as commodity stocks rallied higher despite a drop in the price of oil.
Oil holds gains as US rigs idled before Doha freeze meeting
Oil held gains after the biggest jump in almost two months as U.S. drillers idled more rigs ahead of talks between the world’s biggest producers about freezing output.
Dubai stocks lead advance in Gulf markets as oil rises above $40
Gulf Arab stocks climbed after oil, the region’s main source of income, rebounded to the highest level this year.
Oil rises most in two months on US output drop and freeze talks
Oil climbed the most in almost two months as U.S. crude output continued to slide before a meeting between suppliers to discuss freezing production.
Oil set for weekly gain as US output falls before freeze talks
Oil is poised for a weekly gain as U.S. crude output continues to drop before a meeting between suppliers to discuss freezing production.
Opinion: The truth about hedging
The price of oil is notoriously fickle. We’ve seen the worst of that over the last two years – and you could even say in the last three months.
Brent over $40 after biggest three-week jump
Oil extended gains following the biggest advance in three weeks after crude stockpiles unexpectedly declined from the highest level in more than eight decades.
Oil extends gain amid freeze pact optimism, declining supplies
Oil extended gains for a second day after Kuwait said a deal to freeze output can be reached without Iran and U.S. industry data showed crude stockpiles declined.
Oil extends decline as US crude supplies seen expanding glut
Oil extended declines from a one-month low before U.S. government data forecast to show increasing crude stockpiles kept supplies at the highest level in more than eight decades.
Oil erases 2016 gains as Saudis say output freeze hinges on Iran
Oil erased its gains for the year in New York as Saudi Arabia’s deputy crown prince said the kingdom will only freeze production if Iran and others follow suit.
Oil traders making hay while industry feels the pinch
Oil traders are recording some of their best results on record, whilst the industry, and many countries, are reeling from the global downturn in the oil price.