Search Results for: crude
Asia mixed, with Chinese markets leading the way
March 21st, 2016
Chinese markets stood out in a mixed trading session in Asia on Monday, with many market watchers predicting a quiet week ahead in the absence of major economic data from the U.S. and China, and with many markets off ...
Oil prices jump to $40
March 18th, 2016
Crude oil is back from the dead — for now at least. Oil prices jumped to $40 a barrel on Thursday for the first time since early December. The milestone marks a dramatic 54% spike in the span of ...
Asia markets mostly up as oil climbs; Nikkei down 1.3%, Shanghai up 1.7%
March 18th, 2016
Asian markets traded mostly higher Friday, after U.S. indexes ended higher and oil prices hit their highest levels for this year. But a stronger yen continued to weigh on Japan’s shares. “The drivers of big swings in the markets ...
Saudi Arabia Said to Join Mid-April Oil Producer Meeting in Doha
March 17th, 2016
Crude prices have risen more than 30% since freeze proposed Qatar meeting would seek more commitments to cap production Saudi Arabia will join a meeting of producers from within and outside OPEC in Doha next month, adding weight to ...
Asia markets mostly up on Fed, Nikkei falls on stronger yen
March 17th, 2016
Most Asian markets advanced Thursday as investors cheered new clarity from the Federal Reserve and a rise in oil prices, but Japan shares lost ground as the yen strengthened. The Fed left rates unchanged at between 0.25 percent and 0.5 percent ...
OPEC Production Declines Despite Iran’s Efforts
March 16th, 2016
The OPEC Monthly Oil Market Report just came out. The charts are “Crude Only”production and do not reflect condensate production. Also the charts, except for Libya, are not zero based. I chose to amplify the change rather than the total. OPEC is ...
Asian Stocks Fall as Dollar Strengthens Before Fed; Oil Rebounds
March 16th, 2016
Yen weakens as Kuroda says negative rate can be cut further Crude climbs toward $37 a barrel before U.S. investories data Asian stocks fell and the dollar strengthened against most major currencies before a Federal Reserve policy review on ...
Which country had become Russia’s biggest oil customer?
March 15th, 2016
China overtakes Germany as Russia’s top crude consumer The latest report from the International Energy Agency (IEA) shows that at the end of 2015 China had become Russia’s biggest oil customer. “Shipping data suggest that China is importing more ...
What oil freeze? Saudi Arabia and Russia pump more
March 15th, 2016
So much for that agreement to freeze output. The latest oil market data reveal that both Russia and Saudi Arabia ramped up their oil production in February, despite talks about supply caps. The two oil countries agreed to freeze output at ...
Asian stocks extend losses as BOJ offers gloomier economic view
March 15th, 2016
Asian stocks fell on Tuesday after the Bank of Japan painted a gloomier view of the world’s third-largest economy, but the yen firmed as policymakers appeared to back away from any imminent move to cut interest rates further into ...
