Search Results for: oil prices
Lower oil prices hit UAE and Saudi Arabia economies, latest PMI survey shows
February 4th, 2016
The economies of the UAE and Saudi Arabia slowed further last month, according to monthly trackers of business activity published yesterday, as falling oil prices and a stumbling global economy hit the region. The UAE purchasing managers’ index, which ...
Oil Prices Could Jump 50% by the End of 2016
February 3rd, 2016
WTI seen averaging near $46 a barrel in Q4; Brent at about $48 U.S. sees domestic oil output falling by 620,000 barrels a day Oil bulls distressed that last week’s rally fizzled can find some comfort in forecasts for ...
Oil Prices Drop as Chances Fade for Output Cuts
February 2nd, 2016
Coordinated cutbacks considered less likely after Iran raises its export target Oil prices gave back a big chunk of last week’s gains, with traders losing hope that the world’s big producers will cut their output and that Asia’s economies ...
Oil prices slip on weak Asian data, fading prospect of output cut
February 1st, 2016
Oil prices dropped on Monday after China and South Korea posted surprisingly weak economic data, while fading prospects for a coordinated production cut by leading crude exporters also dragged on the market. Economic data from China, showing its manufacturing ...
Oil Prices Climb on Hopes for Production Cuts
January 29th, 2016
Move difficult to realize, but could tackle oversupply pressuring crude market Crude-oil prices rose to a three-week high on hopes that Russia and the Organization of the Petroleum Exporting Countries would cooperate on production cuts. Russia’s energy minister said ...
Oil Prices Rise on Hint of Willingness to Cut Supplies
January 27th, 2016
Iraq’s oil minister cites signs that Saudis, Russia may be more ‘flexible’; other OPEC leaders defend pumping strategy Oil prices rose above $30 a barrel Tuesday as traders speculated that large producers might be more willing to cut production, ...
Oil prices bounce as cold U.S., EU weather boost demand
January 22nd, 2016
Oil prices rose for a second session on Friday, moving further away from 12-year lows plumbed earlier this week, as cold U.S. and European weather as well as firmer financial markets gave traders reason to cash in on record ...
OPEC Says Weak Oil Prices to Curb Output
January 19th, 2016
Cartel forecasts non-OPEC output to decline this year Oil prices remained below $30 a barrel Monday but the Organization of the Petroleum Exporting Countries flagged the potential for a recovery, saying the market would start to rebalance this year as weak ...
Falling oil prices: How are countries being affected?
January 19th, 2016
Oil prices have fallen to their lowest level since 2003, sinking below $28 a barrel before recovering slightly on Monday. Analysts say the drop has been driven by oversupply, coupled with a fall in demand because of a slowdown ...
War Between Saudi Arabia And Iran Could Send Oil Prices To $250
January 14th, 2016
The rift between Saudi Arabia and Iran has quickly ballooned into the worst conflict in decades between the two countries. The back-and-forth escalation quickly turned the simmering tension into an overt struggle for power in the Middle East. First, ...
