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Oil prices fall due to rise in US crude stocks

2016-01-27 01:00:00| Offshore Technology

Oil prices declined on Wednesday, after an increase in US crude stocks quashed optimism over supply.

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Oil prices fall on concerns of oversupply globally

2016-01-21 01:00:00| Offshore Technology

Oil prices have dropped due to concerns over an increasing global oversupply and slowing demand.

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Construction Material Prices continue free fall in December.

2016-01-19 14:31:09| Industrial Newsroom - All News for Today

According to analysis of the Bureau of Labor Statistics Producer Price Index released by ABC, construction material prices fell for sixth consecutive month in December, losing 1.2% on monthly basis and 4% on yearly basis. Construction input prices have fallen 7.2% since peaking in August 2014, and have fallen in 11 of the previous 16 months. Non-residential construction input prices exhibited similar declines, falling 1.1% for the month and 4% for the year.

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Oil prices fall below $28 after lifting of Iran sanctions

2016-01-19 01:00:00| Offshore Technology

Oil prices have fallen below $28 per barrel after the US and European Union lifted economic sanctions against Iran, which threatens to add to the global oversupply with Iranian export resuming.

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Crude oil prices fall due to oversupply fears

2016-01-12 01:00:00| Offshore Technology

Crude oil prices declined 3% on Tuesday as analysts cut their 2016 oil price forecasts due to continuing oversupply and weak economy in China.

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