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Raise in US crude inventories forces oil to drop below $62

2015-04-22 01:00:00| Offshore Technology

Increase in the US oil inventories has cut the crude oil price to under $62, for the 15th straight week.

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Brent futures extend losses over increase in US crude oil inventories

2015-04-09 01:00:00| Offshore Technology

Brent and US crude futures saw further loss by more than $2 on Wednesday, after data from the country's Energy Information Administration highlighted an increase in national crude oil inventories by nearly 11 million barrels last week.

Tags: increase oil extend losses

 
 

Brent drops to $54 on increasing worldwide inventories

2015-03-16 01:00:00| Offshore Technology

The price of Brent crude oil dropped to about $54 a barrel on Monday due to increasing worldwide inventories and indications of a possible nuclear agreement with Tehran on its nuclear programme.

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Oil drops on rise of US crude inventories

2015-02-19 01:00:00| Offshore Technology

The price of Brent crude oil dropped below $60 a barrel today after an increase in US crude inventories.

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China's largest dealer body pushes back against foreign automakers over huge inventories

2015-01-05 14:44:58| Auto Dealers - Topix.net

Do not think for a second that automakers forcing inventory on dealers in order to pad the numbers is a ruse known only in the US. Stories of individual brands have hinted at the trouble Chinese dealerships are having trying to move units as the country's economic growth remains hot but comes off the boil, like the one revealing that 95 percent of Toyota-FAW showrooms are losing money.

Tags: back body huge foreign

 

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