Search Results for: U.S. crude
Oil Price Collapse Triggers Currency Crisis In Emerging Markets
August 24th, 2015
Emerging market currencies are getting slammed by the collapse in commodity prices, a downturn that has accelerated in recent weeks. The health of many middle-income and emerging market economies has been predicated on relatively strong commodity prices. A whole ...
China Shares Hit New Low Since Depth of Selloff
August 21st, 2015
Early gauge of China’s factory activity falls to multiyear low China’s stock market set a new low since the depths of the summer selloff that wiped out roughly a third of its value, despite massive intervention from Beijing. The ...
Asian Shares Flat; Yuan-Related Turmoil Fades
August 18th, 2015
China property data continues to be rare bright spot Asian markets were roughly flat Tuesday as turmoil from a weaker yuan dissipated and China’s property market showed signs of recovery. In China, housing continues to be a rare bright ...
Dollar Gains as Yuan Fallout Continues for Emerging Assets
August 17th, 2015
The dollar strengthened as China’s shift to a more market-oriented exchange rate continued to reverberate through emerging economies, driving stocks and the ringgit lower. Oil fell, leading a gauge of commodities to a 13-year low. The dollar was stronger ...
IEA Sees Oil Glut Enduring in 2016 After Reaching 17-Year High
August 12th, 2015
The global oil glut will last through next year as surging demand and faltering supply growth fail to clear the surplus, according to the International Energy Agency. Record inventories will expand further even as consumption climbs by the most ...
The Availability and Price of Petroleum and Petroleum Products Produced in Countries Other Than Iran
August 12th, 2015
June – July 2015 Update The U.S. Energy Information Administration (EIA) estimates that global oil inventories grew by an average of 2.5 million barrels per day (b/d) in June and July, sharply exceeding the 0.4 million b/d build during ...
China stocks up, other Asian markets lower after US losses
August 7th, 2015
Chinese stocks rose Friday while other Asian markets followed Wall Street lower as investors looked ahead to U.S. jobs data and a meeting of Japan’s central bank. KEEPING SCORE: The Shanghai Composite Index rose 1.9 percent to 3,731.75 and ...
This Precious Metal Needs a Silver Bullet
August 6th, 2015
In the past 12 months alone, the benchmark silver-futures contract has declined 27% Once prized as a precious metal that could be put to practical use, silver is now getting the worst of both worlds. Like gold, silver has ...
Oman boosts oil production to record high in June
August 3rd, 2015
Oman has ramped up its oil production to a record high in June, adding to a global supply glut that has hit oil prices, as the Gulf Arab country compensates for the drop in its oil revenue. June production ...
BP Has Worst Profit in 10 Years on Libya Write-Off, Trading
July 28th, 2015
BP Plc reported the lowest quarterly profit in at least 10 years after a boom in trading faded and the conflict in Libya forced almost $600 million of writedowns. Profit adjusted for one-time items and inventory changes dropped to ...
