Search Results for: oil
Scotland Proposes UK Oil And Gas Tax Breaks
January 12th, 2015
Scotland’s Energy Minister, Fergus Ewing, has published a new report calling for urgent reform of the UK’s oil and gas tax regime. In his January 8 discussion paper, Ewing said the recent fall in the oil price has increased ...
Oil prices extend falls; Goldman Sachs slashes price forecasts
January 12th, 2015
Global oil prices extended their slide on Monday as Goldman Sachs lowered its short-term price outlook, while refineries in Ohio and Pennsylvania were hit by fires over the weekend, curtailing demand for crude in the U.S. Both Brent and U.S. crude are ...
Dollar Slips on Wages as Oil Drops; Chinese Stocks Drop
January 12th, 2015
The dollar fell for a second day after an unexpected drop in U.S. wages clouded the outlook for interest rates, and crude oil resumed declines. Billionaire Li Ka-shing’s Cheung Kong Holdings Ltd. surged in Hong Kong after a reorganization, while ...
How OPEC Weaponized the Price of Oil Against U.S. Drillers
January 9th, 2015
If there ever was doubt about the strategy of the Organization of Petroleum Exporting Countries, its wealthiest members are putting that issue to rest. Representatives of Saudi Arabia, the United Arab Emirates and Kuwait stressed a dozen times in ...
Trader doubles down on bearish oil bet
January 9th, 2015
One trader who has already made big money on the decline in oil services stocks is doubling down and betting big on further downside for the sector. On an active day for options on the Market Vectors Oil Services ...
Markets advance as oil rebounds
January 8th, 2015
Markets rebounded and oil rose on Wednesday. US stocks recorded solid gains, with the S&P 500 index snapping a five-day losing streak and recording its first gain in 2015. Investor optimism was boosted as oil markets stabilized and better ...
Oil-Product Prices Fall as Supplies Climb
January 8th, 2015
U.S. Inventory Data Confirm the Market Is Still Oversupplied Prices at the gas pump are heading even lower. Gasoline futures fell to nearly a six-year low on Wednesday after U.S. government data showed oil and fuel supplies rising to ...
Canada and Saudi oil set for refinery showdown
January 8th, 2015
As a test of wills between OPEC nations and US shale drillers fuels a global oil market slump, a brewing battle between Canadian and Saudi Arabia heavy crudes for America’s Gulf Coast refinery market threatens to drive prices even ...
Yen Weakens for Second Day as Stocks, Oil Rally; Aussie Advances
January 8th, 2015
The yen fell for a second day against the dollar as stocks rose around the world before U.S. reports this week that economists said will show an improving labor market. Japan’s currency also weakened versus all of its 16 ...
Markets decline as oil plunge continues
January 7th, 2015
Markets continued retreating on Tuesday as oil prices slumped. The sell-off of US stocks continued for the second consecutive day. The S&P 500 benchmark index fell for the fifth session in a row, with only two sectors – utilities and telecoms, ...
