• Wed
  • Jul 23, 2014
  • Updated: 8:21pm

Oil Prices

Oil prices likely to fall in wake of Iran accord

Oil prices could be headed lower after the preliminary nuclear deal between Iran and six world powers, even though it does not allow the country to export more oil.

Tuesday, 26 November, 2013, 1:56pm

Oil slips as China inflation picks up

Oil prices fell on Friday on concerns that China’s government could limit economic stimulus measures because of higher inflation.

Benchmark oil dropped 57 cents to US$93.25 a barrel in afternoon trading in New York. A day earlier, a report showing a rebound in China’s trade growth boosted oil because it suggested a possible recovery in global demand.

12 Jan 2013 - 10:39am

Oil gains as China factory data improve

The price of oil rose Friday on signs that China’s manufacturing is gathering strength.

Benchmark crude rose 62 cents to $86.51 a barrel in morning trading on the New York Mercantile Exchange. However, gains could be tempered by concerns over a lack of progress in key budget talks in Washington.

15 Dec 2012 - 10:13am

Nexen gives CNOOC price power

Hong Kong-listed CNOOC's US$15.1 billion takeover of Nexen would give the Chinese company the largest stake of an oil field in the North Sea that "has increasingly influenced" global oil prices, according to a memo sent to Prime Minister Stephen Harper.

7 Dec 2012 - 3:23am

Chinese oil exports in offing as refiners ramp up output

China's oil refiners are expanding so fast that the International Energy Agency says they might boost exports to find new buyers amid the slowest growth in domestic demand since the peak of the financial crisis.

20 Oct 2012 - 2:35am

Airline stocks rise as fuel costs drop

Airlines stocks took flight after international oil prices fell unexpectedly, helping carriers trim high fuel costs.

19 Sep 2012 - 6:27pm

Letters to the Editor, September 19, 2012

Idling engine law proving ineffective

Hong Kong's idling engine legislation is perplexing as it is copied (according to an Environmental Protection Department official I spoke to) from the traffic and boat idling ordinance of Toronto, Canada.

19 Sep 2012 - 2:28am

Softer oil prices boost airlines, shipping firms

Softening oil prices lifted the share prices of airlines and shipping companies yesterday as the threat of rising fuel bills temporarily eased.

China Eastern Airlines Corp surged 11.04 per cent to close at HK$3.72. China Southern Airlines jumped 9.06 per cent to HK$5.54 and Air China rose 8.48 per cent to HK$6.27. Cathay Pacific Airways climbed 4.43 per cent to HK$16.98.

3 May 2008 - 12:00am

Oil prices complicate issue of fare increases

Escalating oil prices have not only threatened to trigger further fare rises but are certain to put new pressure on the government over its assessment of fare-rise applications from dozens of bus and minibus routes.

21 Feb 2008 - 12:00am