Search Results for: Arab
Markets mixed as oil slide continues
January 14th, 2015
World markets were mixed on Tuesday as oil continued falling. US stock market started the trading session with a rally but the early gains were reversed by midday and the market ended the session slightly lower, recording triple-digit swings ...
OPEC vs. U.S.: Who will blink first on oil?
January 14th, 2015
The Merriam-Webster dictionary offers this definition for the word capitulate: “to stop fighting an enemy or opponent; to admit that an enemy or opponent has won.” I’m not sure who oil companies are fighting, whether it’s oil traders, OPEC, ...
Oil prices extend slide in commodities sell-off
January 14th, 2015
Oil prices fell more than 1 percent on Wednesday after touching their lowest in nearly six years the previous session, extending losses alongside a sell-off in other commodities. Commodities came under pressure after the World Bank cut its forecasts for global ...
Oil Prices Explained by Economics
January 13th, 2015
The oil industry, with its history of booms and busts, appears to be in the early stages of its latest downturn. The price of oil has plunged in recent months, reaching its lowest point in more than five years. ...
Markets mixed as oil plunge resumes
January 13th, 2015
Markets were mixed on Monday as oil resumed its fall. US stocks fell for a second straight trading session as investor confidence was hit by further plunge in oil prices ahead of the start of the fourth-quarter earnings season. ...
Stages of money laundering
January 12th, 2015
Each day the methods used by money launderers become more sophisticated and the financial transactions more complex. With increased use of electronic communications, the speed with which money and assets can be converted and transferred has increased exponentially. There ...
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 ...
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 ...
Woman swindles investors out of SR500 million
January 8th, 2015
A young Saudi woman has fled the Kingdom accompanied by her husband with SR500 million in fake investments obtained from unsuspecting citizens, a local daily reported. In Jeddah, Al-Salama police received complaints from 25 citizens who reported that they ...
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 ...
