Oil prices edge up after sharp falls in previous session

Last Updated: Tuesday, September 15, 2015, 07:26

Oil prices steadied early on Tuesday as traders closed short positions and took on new longs after markets tumbled in the previous session.

Oil extends short-covering frenzy to second day, topping $50

Last Updated: Saturday, August 29, 2015, 03:34

World oil prices roared back to $50 a barrel in the second day of a frenetic short-covering rally on Friday, with violence in Yemen, a storm in the Gulf and refinery outages helping extend the biggest two-day rally in six years.

Oil hits multi-month lows on US gasoline build worries

Last Updated: Thursday, August 6, 2015, 01:16

Oil prices hit multi-month lows on Wednesday after a surge in gasoline stockpiles in the United States as the summer season, the country`s biggest demand period for motor fuels, neared its end.

Oil hits 2015 high on Yemen worry; US gasoline at November peaks

Last Updated: Friday, April 24, 2015, 01:48

Crude oil prices settled up 3 percent on Thursday, hitting 2015 highs, while U.S. gasoline reached 5-month peaks after Saudi Arabia and its allies maintained a bombing blitz in Yemen that heightened concerns about the security of Middle East oil supplies.

Oil market rebounds on US energy report

Last Updated: Thursday, February 26, 2015, 01:04

Global oil prices rallied on Wednesday as sliding US gasoline and distillates inventories eclipsed news that soaring crude reserves hit another record high last week.

Oil price hits 8-month low on generous supplies

Last Updated: Friday, January 10, 2014, 03:33

New York`s main contract West Texas Intermediate for February delivery shed 67 cents to USD 91.66 per barrel, a level last seen on May 1.

US predicts vast majority of cars to still use gasoline by 2040

Last Updated: Monday, December 23, 2013, 14:32

Electric cars might be the next big thing on roads, but the US Department of Energy has predicted that vast majority of cars would continue to use gasoline by the year 2040.

Production of synthetic gasoline comes one step closer to reality

Last Updated: Monday, December 9, 2013, 17:03

Researchers have developed a chemical system that can efficiently perform the first step in the process of creating syngas, gasoline and other energy-rich products out of carbon dioxide.

Mexico evacuates 4,500 for gasoline pipeline leak

Last Updated: Thursday, October 31, 2013, 13:53

A geyser of gasoline spewing from a state-owned pipeline in western Mexico forced officials to evacuate about 4,500 people today. Officials blamed the accident on fuel thieves.

Scientists produce gasoline from bacteria

Last Updated: Monday, September 30, 2013, 13:48

In a first, Korean scientists have successfully developed genetically modified microbes that can produce gasoline, used as fuel for transportation.

US petroleum demand down

Last Updated: Friday, July 19, 2013, 13:17

The overall petroleum demand in the US edged down in June, said a leading industry group in a report.

China to cut fuel prices by more than 3%

Last Updated: Friday, November 16, 2012, 10:32

Gasoline prices will be reduced by 310 yuan (about USD 49) per tonne, while diesel by 300 yuan per tonne, the country's top economic planner said Thursday.