2015
![2015](/cache/2015/01/RIG-1.3acc039c.jpg)
2015, January, 11, 14:20:00
SHUT DOWN RIGS
Crude lost another 11 per cent this week amid continuing worries about a supply surplus as demand slows, with the Brent benchmark falling below $50 a barrel.
![2015](/cache/2015/01/RIG-2.d6871213.jpg)
![2015](/cache/2015/01/OIL-140.3c0a359e.jpg)
2015, January, 11, 14:10:00
U.A.E.: OIL OVERSUPPLY
Oversupply in crude markets could take months or even years to fix depending on when producers outside OPEC cut their output, Abu Dhabi-based The National reported, citing comments by U.A.E. Energy Minister Suhail Al Mazrouei.
![2015](/cache/2015/01/OIL-145.f0b51ed2.png)
2015, January, 10, 22:00:00
OIL IS LOOKING FOR BOTTOM
Crude oil markets continue to search for a bottom as prices declined again in December and the first week of January. The North Sea Brent front month futures price settled at $50.96/bbl on January 8, a decline of $21.58/bbl from December 1
![2015](/cache/2015/01/ENERGY-2.89a520b2.png)
2015, January, 6, 13:25:00
ENERGY PRICE DECLINES
Two benchmark crude oils, West Texas Intermediate (WTI) and Brent, make up about 67% of the weighting in the S&P GSCI energy index. Petroleum-based products (gasoline, heating oil, and gasoil) together comprise another 29% of the S&P GSCI energy index, and because prices for these products generally follow crude oil prices, the index tends to follow the major price movements in the crude oil market.
![2015](/cache/2015/01/OIL-134.7545aa53.jpg)
![2015](/cache/2015/01/SAUDI-16.84d11f84.jpg)
2015, January, 6, 13:15:00
SAUDI RISK STRATEGY
World's largest oil exporter is forcing prices lower to win back market share but the high-risk strategy will test the house of Saud like never before
![2015](/cache/2015/01/USA-96.b92aea35.jpg)
2015, January, 6, 13:10:00
U.S. CAN BE NEXT
US can be next Saudi Arabia for oil, says ex-US Treasury Secretary Summers
![2015](/cache/2015/01/SAUDI-19.8093e5ad.jpg)
2015, January, 6, 13:05:00
SAUDI RAISES PRICE
Saudi Arabia Raises Price of Main Oil Grade for Asian Buyers
![2015](/cache/2015/01/USA-97.f4595810.jpg)
2015, January, 6, 13:00:00
U.S. OIL: MUCH WORSE
Biggest Oil-Rig Drop Since 2009 Spells Tough Year Ahead