Search Results for: crude
OPEC’s Strategy Seen Potentially Backfiring
November 10th, 2015
Decision against controlling oil output could add to sustained period of low oil prices and dent revenues, IEA says OPEC’s unwillingness to limit its oil output could help usher in a sustained period of low prices and more pain ...
Asia Pacific stock markets continue slide as Chinese inflation weakens
November 10th, 2015
Investors have taken fright at the prospect that the US Fed could raise interest rates at the point when China is experiencing persistently weak demand Stock markets in Asia Pacific have continued to slide as the spectre of higher borrowing ...
CFTC Releases Annual Enforcement Results for Fiscal Year 2015
November 9th, 2015
Agency Filed 69 Enforcement Cases and Achieved a Record $3.14 Billion in Civil Monetary Penalties Ordered The U.S. Commodity Futures Trading Commission (CFTC) today released the agency’s enforcement results for fiscal year (FY) 2015, which included a record $3.144 ...
Saudi Minister Says Asia Will Drive Oil Demand
November 9th, 2015
OPEC chief joins Naimi in seeing Asia as main hub for growth Russia targets doubling oil exports to Asia-Pacific by 2035 Oil demand will soon reflect the “attractiveness” of the current level of crude prices, and Asia will be a ...
Nikkei, Shanghai outperform lackluster Asia
November 9th, 2015
Asian stocks diverged on Monday, with markets in China and Japan leaping to their highest levels since August 21 while other regional bourses wobbled after below-view trade figures released at the weekend from China. October exports fell 6.9 percent from a ...
Iranian Oil Goes Back on the Market
November 6th, 2015
After years of sanctions, the country is boosting production and aiming to win customers back from the Saudis and Russians. The fate of the oil market in 2016 depends in large part on a series of oil fields with ...
Oil Slump Forces Deep Cuts by Service Providers
November 6th, 2015
Oil-field service companies feel the pinch as producers pull back Oil-field service companies are slashing costs amid an industry-rattling fall in crude prices, and no cut is too small—such as using white paint instead of yellow on underwater equipment. ...
Venezuela will push for an oil price band at South American and Arab nations meeting
November 5th, 2015
Venezuela to push for oil price bands at Arab nations meeting Venezuela will push for an oil price band proposal at an upcoming summit in Saudi Arabia between South American and Arab nations, President Nicolas Maduro said. OPEC price ...
Oil to bounce back next year, predicts UAE energy minister
November 5th, 2015
Project delays and slowing shale production will lead to a rebound in oil prices next year, according to the UAE’s energy minister Suhail Al Mazrouei. The minister yesterday said that economic growth in some countries would lead to higher ...
Why Buffett Invested in Solar
November 5th, 2015
With oil prices down so much over the last year, you have to wonder why someone as smart as Warren Buffett would make a large investment in solar energy. But the fact is he has. Berkshire Hathaway has ...
