Search Results for: Brent
Iran, Saudi in oil price war
May 12th, 2016
It’s war, then. Iran on Wednesday blamed its biggest rival Saudi Arabia for the “collapse” of the recent Doha talks on capping oil output but the Kingdom appeared to shrug off the allegation and instead said it would boost production in 2016. ...
Asia trades lower, as oil prices drop; Westpac shares down 3.7%
May 12th, 2016
Asian stocks fell modestly Thursday, taking cues from declines in U.S. stocks after a string of top-flight retail companies released disappointing earnings. The U.S. markets falls came despite gains in oil prices on better-than-expected inventories data. Shares of Disney had ...
Oil prices fall as Canada oil sand fields gradually return
May 12th, 2016
Oil prices fell on Thursday, dragged down by the gradual return of Canadian oil sands output, reversing a sharp rise the previous day when the U.S. government detailed an unexpected fall in crude inventories. International Brent crude futures were ...
Meet the new Saudi Arabia, nothing like the old Saudi Arabia
May 11th, 2016
After years of building a glut, the world’s oil industry by the end of this year is expected to stop overproducing more crude than the world can use. But analysts say one wild card in that equation is Saudi Arabia — ...
Oil dips on record U.S. inventories; Canada output to improve soon
May 11th, 2016
Oil prices dipped on Wednesday as Canadian oil sand production was expected to gradually ramp up following forced closures due to wildfires, and as record crude inventories especially in the United States put pressure on markets. An ongoing fight ...
Oil prices stable as brimming storage counters supply disruptions
May 10th, 2016
Oil prices were steady on Tuesday as brimming inventories and a looming refined products glut offset supply disruptions in Canada and elsewhere that have taken more than 2 million barrels a day of production out of the market. International ...
Asia mostly higher; Nikkei leads with 2% gain
May 10th, 2016
Asia markets traded mostly higher on Tuesday, with the Japanese benchmark index leading gains in the region. The Nikkei 225 added 2.04 percent, while across the Korean Strait, the Kospi traded up 0.36 percent. In Hong Kong, the Hang Seng index was down 0.05 percent. ...
Oil Rises as Canadian Fires Spread, Saudi Oil Minister Replaced
May 9th, 2016
Canada wildfires cut oil-sands production by about 40%: IHS Ali al-Naimi succeeded by Al-Falih, head of state oil company Crude rose as expanding wildfires in Canada knocked out about 1 million barrels a day of output, and after Saudi Arabia ...
Oil prices dip as strong dollar outweighs supply disruptions
May 6th, 2016
Oil prices fell on Friday, dragged down by a surging dollar and sliding Chinese commodities which at least temporarily outweighed crude supply disruptions in Canada as a result of a massive wildfire threatening its huge oil sands operations. The ...
Oil jumps on Canadian wildfire, Libyan fighting
May 5th, 2016
Oil prices jumped on Thursday as a huge wildfire in Canada disrupted oil sands production, while escalating fighting in Libya threatened the North African nation’s output. International benchmark Brent crude futures were trading at $45.36 per barrel at 2.54 ...
