Search Results for: Crude oil
Big U.S. investors push SEC for oil industry to detail risks of climate change
April 17th, 2015
Calpers, the largest American public pension fund, and nearly 60 other institutional investors will ask the U.S. Securities and Exchange Commission on Friday to require oil and natural gas companies to publish detailed analysis of the risks posed by climate change to ...
Brent crude hits 2015 highs as U.S. production slows
April 16th, 2015
Brent crude oil hit 2015 highs above $63 per barrel on Thursday after a rally of more than 5 percent the previous session and analysts said more price rises were likely despite market oversupply. Front-month Brent crude futures LCOc1 rose above $63 a ...
Top 12 Media Myths on oil prices
April 13th, 2015
The upstream oil and gas industry is not a black hole. There’s no mystery wrapped in an enigma here. There are a lot of meetings with engineers, chemists and geologists. There’s a constantly evolving learning curve. And then there’s ...
Central Banks at Zero Failing to Turbocharge Effect of Cheap Oil
April 9th, 2015
Central bankers unable to cut interest rates are failing to turbocharge the effect of declining oil prices. Economists at Oxford Economics Ltd., a U.K.-based research group, say policy makers may be damping hopes that last year’s near-halving of crude ...
Oil down on U.S. stock build, record Saudi output
April 8th, 2015
Oil prices fell more than a percent on Wednesday as industry data showed a larger-than-expected weekly build in U.S. stockpiles and as Saudi Arabia reported record output in March. The decline in prices followed a rally on Tuesday, when U.S. crude approached 2015 highs ...
Saudis Raise Oil Pricing to Asia on Signs of Demand Growth
April 6th, 2015
Saudi Arabia, the world’s largest crude exporter, raised pricing for all May sales to Asia, after the country’s oil minister said global demand was improving. State-owned Saudi Arabian Oil Co. narrowed the discount for its Arab Light grade to ...
Iran Moves Closer to Restoring Oil Exports on Nuclear Accord
April 3rd, 2015
Iran’s accord with world powers brings the OPEC member a step closer to restoring oil production that was cut by sanctions while leaving unresolved when it will happen. The preliminary agreement outlined Thursday signals the Persian Gulf nation may ...
Oil retreats from large jump as focus returns to Iran talks
April 2nd, 2015
Oil prices fell on Thursday as attention returned to nuclear talks with Iran, with the prospects for a deal and an increase in Iranian crude exports helping to keep pressure on prices. Major powers and Iran have stretched talks on Tehran’s nuclear ...
Oil extends losses as deadline for Iran nuclear deal looms
March 31st, 2015
Oil futures extended losses on Tuesday, as Iran and six world powers ramped up the pace of negotiations to reach a preliminary deal that could ease sanctions and allow more Iranian crude onto world markets. With a deadline less than 24 ...
Oil price ‘could fall to $30’ say trading experts
March 27th, 2015
Oil prices continued their downward spiral Friday, falling more than $1, after a short-lived rally of around 5 percent the previous day, as concerns of a disruption to supplies in the Middle East appeared to ease. Against this backdrop, ...
