Search Results for: Brent
Saudi Arabian stocks tumbled entering a so-called death cross
August 18th, 2015
Saudi Stocks Sink Into Death Cross as IMF Sees Growth Slowing Saudi Arabian stocks tumbled, entering a so-called death cross, after the International Monetary Fund said the drop in oil prices may force spending cuts and curtail the kingdom’s ...
Asian Shares Flat; Yuan-Related Turmoil Fades
August 18th, 2015
China property data continues to be rare bright spot Asian markets were roughly flat Tuesday as turmoil from a weaker yuan dissipated and China’s property market showed signs of recovery. In China, housing continues to be a rare bright ...
Another Monday, Another Batch Of Brutal Numbers
August 17th, 2015
The global recovery meme got another series of jolts this morning, as pretty much everything suprised on the downside. In no particular order: ” Japan economy shrinks in second quarter in setback for ‘Abenomics’ China’s economic ...
Saudi money market turmoil shows bank jitters over bond issues
August 17th, 2015
Longer-term money rates, dollar/riyal forwards surge Banks easily absorb last week’s sovereign bond issue Multi-year issuance programme could be different Official secrecy around bond plans adds to jitters Some see eventual pressure on FX peg, but CDS show no ...
Dollar Gains as Yuan Fallout Continues for Emerging Assets
August 17th, 2015
The dollar strengthened as China’s shift to a more market-oriented exchange rate continued to reverberate through emerging economies, driving stocks and the ringgit lower. Oil fell, leading a gauge of commodities to a 13-year low. The dollar was stronger ...
Oil Prices Slide to 6½-Year Low
August 14th, 2015
Concern about Chinese demand after yuan’s devaluation pressures crude prices Crude-oil futures on the New York Mercantile Exchange dropped to a more-than six-year low Friday on escalating concerns about demand from China following the yuan’s devaluation. Nymex oil futures for ...
Asia stocks drift as yuan stable for second day
August 14th, 2015
Asian stock markets drifted Friday as China’s currency stabilized for a second day, easing uncertainty about its direction after an unexpected devaluation earlier in the week. KEEPING SCORE: Japan’s Nikkei 225 was down 0.2 percent to 20,520.50 while Hong ...
The Availability and Price of Petroleum and Petroleum Products Produced in Countries Other Than Iran
August 12th, 2015
June – July 2015 Update The U.S. Energy Information Administration (EIA) estimates that global oil inventories grew by an average of 2.5 million barrels per day (b/d) in June and July, sharply exceeding the 0.4 million b/d build during ...
Oil price slumps to lowest level in more than 6 years
August 12th, 2015
The price of U.S. crude oil has tumbled to its lowest level in more than six years. Benchmark U.S. crude fell $1.88, or 4 percent, to settle at $43.08 a barrel in New York on Tuesday, its lowest close ...
Oil Prices Near Six-Year Lows on Oversupply Fears
August 7th, 2015
Increased stockpiles and worries over China’s demand feed bearish momentum Oil prices dropped toward six-year lows Thursday on concerns that the global crude glut will worsen when the U.S.’s busy summer-driving season comes to a close. Prices have slid ...
