Search Results for: U.S. crude
Asian shares at four-month highs
April 14th, 2016
Asian stocks rose to their highest levels in more than four months on Thursday and regional currencies weakened led by the Singapore dollar as hopes grew that more central banks will join the city state in easing monetary policy ...
World’s Top Traders Say the Worst Is Over for Oil
April 13th, 2016
CEOs from Gunvor, Mercuria and Trafigura predict higher prices Oil traders expect “tougher” 2016 after boom times last year Top executives at the world’s largest oil-trading houses said the worst of the market’s woes are probably over, with some ...
Saxo Q2 Outlook: A social contract in tatters fuels anti-establishment voices and volatility
April 7th, 2016
A rise in political and social risk is the biggest challenge facing financial markets in Q2 2016 Saxo Bank, the online multi-asset trading and investment specialist, has today published its quarterly outlook for global markets and key trading ideas for the second quarter ...
Dollar hits 17-month low vs. yen, dented by Fed’s cautious stance
April 7th, 2016
The dollar slid to a 17-month low against the yen on Thursday, pressured by minutes of the U.S. Federal Reserve’s meeting last month that underscored caution about future interest rate hikes. The dollar fell to 109.10 yen at one ...
Can A Divided OPEC Agree On Anything In Doha?
April 6th, 2016
Only two weeks remain until the fated meeting between the OPEC countries and their counterparts from outside the organization, scheduled to take place in the Qatari capital of Doha on the coast of the Persian Gulf. The meeting could ...
Biggest Ever Saudi Overhaul Targets $100 Billion of Revenue
April 4th, 2016
Levies on expats, energy, luxury goods, sugary drinks seen Plan is to boost non-oil revenue to balance budget by 2020 The biggest economic shake-up since the founding of Saudi Arabia would accelerate subsidy cuts and impose more levies, a ...
Oil Drops After Saudis Say Will Freeze Output Only If Iran Joins
April 4th, 2016
Will boost sales if others lift output: Deputy crown prince Russian production expands to set post-Soviet high in March Oil extended declines after Saudi Arabia’s deputy crown prince said the kingdom will freeze output only if Iran follows suit, ...
India to OPEC: We’ll take that extra oil you’re pumping
March 30th, 2016
India’s got an oil problem. The country’s lightning-fast growth rate is fueling increased demand for crude. Yet India doesn’t pump much oil at home, forcing it to rely on foreign imports. India also lacks a strategic petroleum reserve, or ...
Russia Deals Deepen India Hold in China Oil-Buying Backyard
March 22nd, 2016
India lift stakes in Siberia fields connected to ESPO pipeline China is biggest buyer of Russian crude, including ESPO supply India is expanding its footprint in China’s backyard by forging deals with Russia for stakes in Siberian fields that supply ...
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 ...
