Search Results for: Saudi Arabia
Oil rises on weaker dollar, U.S. production outlook caps gains
January 18th, 2017
Oil prices rose on Wednesday with a weaker dollar underpinning the market, although gains were limited by expectations that U.S. producers would boost output. U.S. West Texas Intermediate (WTI) crude oil futures were trading up 17 cents at $52.65 ...
Oil prices stumble after strong jump in U.S. crude stocks
January 12th, 2017
Crude prices slipped Thursday after data showed a stronger-than-expected increase in U.S. crude and distillate fuel stocks at a time when oil exports out of the Middle East are surging. On the New York Mercantile Exchange, light, sweet crude ...
Oil prices running out of reasons to rally
January 10th, 2017
Oil prices faltered at the start of the second week of the year, as fears set in about a rapid rebound in U.S. shale production. For the better part of two months, optimism surrounding the OPEC deal has buoyed ...
Oil prices start the week lower after jump in U.S. rig count
January 9th, 2017
Oil prices were lower early on Monday as drilling activities in the U.S. intensified last week, stoking concerns that the effort by global oil producers to curtail oversupply could be undercut by American shale producers. On the New York ...
Yen Breaks Winning Streak While Oil Extends Rally: Markets Wrap
December 27th, 2016
Stocks in China and Japan fluctuate after economic data Crude advances for seventh day, longest stretch in four months The yen halted a four-day advance, while oil continued its longest winning streak in four months as some major financial ...
The dawn of financial technology in Islamic finance
December 23rd, 2016
Over the past decade, financial technology — widely referred to as FinTech — has grown primarily due to growing Internet access worldwide and the emergence of smartphones and apps. According to the Ericsson Mobility Report published last year, 70 ...
Oil prices rise on weaker dollar, optimism on output cuts
December 22nd, 2016
Oil prices nudged higher in tepid Asian trading on Thursday, supported by a weaker dollar and optimism that crude producers would abide by an agreement to curb output to prop up markets. But gains were capped by an unexpected ...
Trump, Russia and China
December 19th, 2016
Even before he takes office, President-elect Trump is turning the world upside down. It has become clear his attitude towards Russia and China is very different from that of his predecessors. Amazingly, he is already wresting power from the ...
Oil prices soar on global producer deal to cut crude output
December 12th, 2016
Oil prices shot to their highest levels since mid-2015 on Monday after OPEC and other producers reached their first deal since 2001 to jointly reduce output in order to rein in oversupply and prop up markets. Brent crude, the ...
Crude imports by China will probably slow by more than 60 percent in 2017
December 8th, 2016
China demand growth seen slowing as space for stockpiles fills Asia’s biggest buyer also seen reining in private refiners One of the biggest engines soaking up the world’s oil is starting to sputter. Growth in crude imports by China, the second ...
