Search Results for: Brent
Iran oil minister: Support any effort to stabilize market and prices
February 18th, 2016
Iran could support any effort to stabilize oil prices, including cooperation between OPEC and non-OPEC oil producers, the nation’s oil minister said after a meeting Wednesday, according to Reuters. Oil Minister Bijan Zanganeh said while he supports a production ...
Oil price rises ahead of OPEC talks with Iran
February 17th, 2016
Oil prices were higher on Wednesday morning as OPEC oil ministers traveled to Iran to talk about a possible production freeze between global oil producers. Skepticism has mounted over the possible freeze mooted Tuesday and Iran has already voiced ...
Asian shares consolidate, oil swings higher
February 17th, 2016
Asian shares were taking a breather on Wednesday after two sessions of solid gains, while oil prices swung higher as the market reconsidered the chances of a meaningful deal to restrict supply later in the year. The mood was ...
Europe feels pain from olive oil crisis
February 15th, 2016
Europe’s consumers are facing a 20 per cent rise in the price of olive oil after bad weather and disease devastated the continent’s olive harvest. Olive farmers in Spain and Italy, meanwhile, have seen their leading position as exporters ...
Oil prices turned lower as Iran loads shipment for Europe
February 15th, 2016
Oil prices turned lower again today after soaring at the end of last week as Iran prepared to ship its first consignment of the commodity since sanctions were lifted, reigniting worries over a global supply glut. Both main contracts ...
Nikkei surges 7%, Topix up 8.3%; China lose ground
February 15th, 2016
Asian stocks mostly climbed on Monday, with Japan shares surging after last week’s sharp selloff. But China’s shares lost ground as its markets re-opened after the week-long Lunar New Year holiday. The Nikkei 225 retraced losses some of Friday’s losses, jumping ...
Asian markets: Japan’s Nikkei slides further amid concerns over European banking sector
February 12th, 2016
While China’s Shanghai Composite remained closed for the Lunar New Year holiday, the majority of stock indices across Asia including Japan’s Nikkei 225 were trading lower on 12 February. This followed a negative Wall Street and FTSE close overnight, ...
French energy giant Total’s profits rise 20% to $5.1bn
February 11th, 2016
French oil major Total has reported a 20% increase in annual net profit to $5.1bn, compared with $4.2bn a year earlier. As with other oil firms, the rise in net profit came thanks to its oil refinery business, which ...
Asia markets close mixed; Hong Kong shares tumble
February 11th, 2016
Asian markets closed mixed on Thursday as investors digested remarks from Federal Reserve Chair Janet Yellen and oil remained volatile. Hong Kong’s Hang Seng index, which resumed trading today after being shut from Monday through Wednesday for the Lunar New ...
Oil prices fall on U.S. storage glut, ongoing economic woes
February 11th, 2016
Oil prices slid on Thursday as record U.S. crude inventories at the Cushing delivery point and worries about a global economic slowdown weighed on markets, and Goldman Sachs said prices would remain low and volatile until the second half ...
