Search Results for: Iran
Oil wars: OPEC is winning
August 13th, 2015
OPEC’s strategy to pump like crazy despite collapsing oil prices seems to be finally paying off: The U.S. oil industry is showing cracks. Oil supply from non-OPEC countries is set to slow dramatically next year and slip into its ...
The Aftermath of LIBOR and Penny-Shaving Attacks
August 12th, 2015
Anyone remember the LIBOR scandal from back in spring 2008? A trader for UBS Group and Citigroup named Tom Hayes was just sentenced by a British court to 14 years imprisonment for his role as a ringleader of the scandal. Darrell Duffie and Jeremy C. ...
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 ...
Oil price slumps to lowest level in more than 6 years
August 12th, 2015
The price of U.S. crude oil has tumbled to its lowest level in more than six years. Benchmark U.S. crude fell $1.88, or 4 percent, to settle at $43.08 a barrel in New York on Tuesday, its lowest close ...
China Shares Fall; Japan Rises Ahead of U.S. Jobs Data
August 6th, 2015
Bank, energy firms pressure Australian shares China’s shares fell and bank shares pressured Australia on Thursday, but Japan’s market rose ahead of a key jobs report in the U.S. later this week. The Shanghai Composite Index was last down ...
Crédit Agricole in ‘Advanced’ Talks on U.S. Sanctions Settlement
August 5th, 2015
Crédit Agricole, one of the biggest banks in France, said on Tuesday that its profit increased in the second quarter and that it was in “very advanced stage” talks to settle investigations into whether it processed payments for countries ...
Brent rises above $50 ahead of U.S. oil stocks data
August 5th, 2015
Benchmark Brent crude oil prices rose above a key support level of $50 on Wednesday, recovering from multi-month lows, as investors await U.S. oil inventories data to gauge supply. Oil markets paused for a breather after prices tumbled about ...
Oil to hit low $30s by the end of 2015: Kilduff
July 31st, 2015
The prospect of oil prices falling below $40 receded earlier this year amid a crude rally, but with futures sliding again, investors shouldn’t rule out a three-handle, Again Capital founding partner John Kilduff said Thursday. “Christmas time we’ll probably ...
Asian shares, dollar up on Fed’s optimism; earnings in focus
July 30th, 2015
Asian stocks tiptoed higher on Thursday and the dollar consolidated recent gains after the U.S. Federal Reserve painted a relatively bright picture of the economy, but a deepening sell-off in commodities kept gains in check. Prospects of stronger U.S. ...
Morgan Stanley expects oil crisis worse than in 1986
July 24th, 2015
Analysts from Morgan Stanley, who had predicted the 2015 in drop in oil prices to be as steep as in 1986, now say that it may be much worse. The bank’s experts concluded that the recovery in oil prices ...
