THE Organization of the Petroleum Exporting Countries (Opec) has an Iraq problem: the group's second biggest exporter is lurching between quota busting and production-crimping crisis, clouding...

[LOS ANGELES] Oil prices fell 0.8 per cent on Monday, extending recent weakness ahead of next week's Opec meeting, while a rally in the dollar hurt commodities across the board...

NEWS ANALYSIS

MARKETS have been swept off their feet in recent months by a wave of strong demand for crude oil.

[LONDON] Oil held above US$56 a barrel after surging the most in almost two weeks as Saudi Arabia's energy minister said Opec should announce an extension to supply cuts when it meets at the end...

COMMENTARY

DON'T be fooled by the apparent dithering of Opec and friends over whether to extend their output restraint when they meet at the end of the month. They know full well that failing to send a...

[NEW YORK] Oil rebounded more than 2 per cent on Friday after falling for five straight session as a major US crude pipeline was shut and traders anticipated an Opec deal to extend curbs on...

[NEW YORK] Oil prices ended lower again on Thursday on increased concerns about growth in US production and inventories, despite expectations that major world producers will extend a supply-cut deal...

[NEW YORK] Oil prices fell for a third day in a row on Tuesday on forecasts for rising US crude output and a gloomier outlook for global demand growth in a report from the International Energy Agency...

[SINGAPORE] Oil prices fell on Tuesday as the prospect of further rises in US output undermined ongoing Opec-led production cuts aimed at tightening the market.

[NEW YORK] Oil prices held steady in a tight range Monday after briefly testing lower, with support from Middle East tensions and record long bets by fund managers balanced by rising US production.