OIL PRICES NEWS ON FASTMOVING

Singapore, Dec 10, 2012 (AFP) -Oil prices gained in Asia Monday as traders welcomed data indicating a continued economic pick-up in China, the world's largest energy consumer, analysts said.  read more

London - The world could see a gradual easing of oil prices over the next five years due to sluggish economic growth and rising energy efficiency and as production increases steeply in Iraq and North America, the West's energy watchdog said on Friday.  read more

International oil prices yesterday fell to their lowest level in about five months, as fear continued to grow over the threat of Europe’s deepening debt crisis to global growth and reports that the US has more oil in reserve since its record 1990 levels. read more

Singapore - Oil prices fell to near $94 a barrel on Tuesday in Asia, extending a two-week sell-off that has brought crude to a five-month low amid concern about Europe's debt crisis. read more

World oil prices inched upwards on Tuesday in a subdued market after Moody's warned it could downgrade ratings on three top-rated eurozone members amid continued international tensions read more

Cape Town – The Safmarine shipping line is in an industry that often sees the first signs of a struggling economy in the form of less freight being transported. read more