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Oil edges up in Asian trade

Oil prices edged higher on Thursday, but gains were capped amid fresh worries about the global supply glut.

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IOL pic jan26 oil barrels colourful
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Oil slumps in Asian trade

Oil prices fell in Asia on Wednesday as dealers waited for the outcome of a US Federal Reserve meeting.

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aramco file pic
AFP

Oil price is too low - Saudi Aramco

World oil prices have fallen too far, the president of state-owned energy giant Saudi Aramco says.

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Items 1 - 6 of 6

Currency depreciation warning
January 29 2015 at 09:38

Measures by the European Central Bank could trigger “competitive depreciation” of currencies, China's commerce ministry says.

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Yuan enters currency top five
January 28 2015 at 09:28

China's yuan has become the world's fifth most widely used payments currency.

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Ruble falls after downgrade
January 27 2015 at 12:10

The Russian currency is on the way down after a top ratings agency cut Russia's credit rating to junk.

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Euro ticks up after Monday plunge
January 27 2015 at 06:23

The euro inched higher on Tuesday after plunging in the wake of the leftist Syriza party’s victory in Greek elections.

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Rand stable against the dollar
January 26 2015 at 09:53

South Africa’s rand was stable against the dollar early on Monday while bond yields hovered near 20-month lows.

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Greek vote puts euro under pressure
January 26 2015 at 09:25

The euro skidded to an 11-year low as Greece’s Syriza party put Athens on a collision course with international lenders.

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Items 1 - 6 of 6