Search Results for: Iran
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 ...
Oil down more than 3% as U.S. crude stockpiles rise 6 straight weeks
November 5th, 2015
EIA reports 2.8 million-barrel weekly climb in crude supplies Oil futures lost more than 3% on Wednesday as U.S. government data showed that crude inventories rose for a sixth week in a row. Strength in the dollar added to ...
Standard Chartered seeks £3.3bn from shareholders
November 4th, 2015
Bank posts first loss in years, and says it will cut 15,000 jobs and withdraw from riskier lending Standard Chartered is asking shareholders to stump up £3.3bn while axing 15,000 jobs after reporting its first quarterly loss in 15 years. ...
Saudi Arabia to run out of cash in less than 5 years
October 26th, 2015
Not even the mighty Middle East can survive cheap oil forever. If oil stays around $50 a barrel, most countries in the region will run out of cash in five years or less, warned a dire report from the ...
5 reasons oil could be nearing a new tipping point
October 22nd, 2015
Oil’s bounce back from the summer’s lows has the look of a bottoming in crude prices, but some strategists say the shakeout is not over. “I’m pretty sure we’re going to see a new low. The probabilities are that ...
OPEC Is About to Crush the U.S. Oil Boom
October 21st, 2015
U.S. oil output almost back down to level of last OPEC meeting Saudi-led strategy is paying off, says Societe Generale After a year suffering the economic consequences of the oil price slump, OPEC is finally on the cusp of ...
Xi Jinping to sign Hinkley Point nuclear power deal in UK
October 21st, 2015
China‘s leader is expected to put the seal later on its contribution to what will be the first UK nuclear power plant to be built in a generation. The plant could be opened by 2025 at Hinkley Point, in ...
OPEC Brings Oil Price War Home in Pursuit of Asia’s Cash
October 20th, 2015
Members discounting their crude to lure Asian buyers Kuwait’s official selling price diverges from Saudi Arabia When it comes to deciding how much to charge Asian oil buyers, OPEC members are showing little regard for tradition. Suppliers from the Organization ...
U.S. Stocks Steady, Despite Pressure From Lower Oil Prices
October 20th, 2015
Energy shares tumble on concerns about higher production in Iran, China’s economy U.S. stocks edged higher Monday, though a slump in energy shares kept a lid on the gains. The Dow Jones Industrial Average inched up 14.57 points, or ...
Oil prices slip as China Q3 GDP growth falls
October 19th, 2015
Oil prices dipped on Monday as China’s economic growth eased in the third quarter to grow at the slowest pace since the start of the global financial crisis. Brent for December delivery was down 18 cents at $50.28 a ...
