Search Results for: Energy
Oil prices fall on rise in U.S. drilling, strong dollar
October 17th, 2016
Oil prices fell early on Monday, pulled down by a rising rig count in the United States, a strong dollar and record OPEC-output which comes amid slowing global economic growth that could erode fuel demand. U.S. West Texas Intermediate ...
Oil prices fall on higher OPEC output, rise in U.S. crude stocks
October 13th, 2016
Oil prices fell on Thursday after OPEC said its production had risen to the highest level in at least eight years and following reports of an increase in U.S. crude stockpiles. Brent crude futures LCOc1 were trading at $51.46 ...
Oil prices rise, but doubts grow over Russia’s deal commitment
October 12th, 2016
Crude oil prices returned to the positive zone in early Asian trade Wednesday, but the growth momentum has slowed on heightened uncertainty over Russia’s willingness to cut production even as global oil supplies increased last month. On the New ...
Asian Stocks Fall on U.S. Rate Outlook, Samsung as Pound Jumps
October 12th, 2016
Sterling snaps drop with Parliament to discuss Brexit plan Oil below $51 amid doubts over Russia’s stance on OPEC deal Asia stocks dropped for a fourth day as investors fretted about the prospect of U.S. interest-rate hikes and Samsung ...
Eurogroup approves Greece to get more bailout funds
October 11th, 2016
The Eurogroup welcomes the implementation by the Greek authorities of the set of 15 milestones in the context of the first review of the ESM programme. The Eurogroup commends the Greek authorities for adopting the necessary further measures to ...
Oil price falls back from one-year highs, hit by OPEC deal concerns
October 11th, 2016
Oil fell back from one-year highs on Tuesday, knocked by concerns that a production cut by the world’s largest exporters might not be enough to erode a two-year old global surplus of unwanted crude oil. Oil prices jumped as ...
CMS, Nabarro and Olswang combine to create 6th largest law firm in the UK and 6th largest globally
October 11th, 2016
The Partners of CMS UK, Nabarro and Olswang have voted overwhelmingly in favour of a proposal to combine their firms and create a new City powerhouse that will become the world’s sixth largest law firm by lawyer headcount (1) ...
Dollar Climbs as Samsung Drives Asian Stock Retreat; Bonds Drop
October 11th, 2016
Bond yields surge as traders bet on December Fed rate hike Offshore yuan falls an eighth day for longest slump since 2014 The dollar climbed versus all its major peers as bonds dropped after investors boosted expectations for a ...
Oil curves move above $50 as financial confidence in crude rises
October 7th, 2016
U.S. oil futures held above $50 per barrel on Friday as the entire crude forward curve pushed above above that level in a sign that financial markets have increasing confidence in the sector. U.S. West Texas Intermediate (WTI) futures ...
What the recent OPEC deal means for oil prices
October 6th, 2016
The September 28 Algiers accord by Opec to cap production within a range of 32.5 million to 33 million barrels per day was unexpected but very positive for sentiment. This was the first time Opec decided to trim output ...
