Search Results for: Crude oil prices
How Wall Street Is Killing Big Oil
October 22nd, 2014
Lee Raymond, the famously pugnacious oilman who led ExxonMobil between 1999 and 2005, liked to tell Wall Street analysts that covering the company would be boring. “You’ll just have to live with outstanding, consistent financial and operating performance,” he ...
Eurozone fails to benefit from weak currency as oil price slides
October 20th, 2014
Pity the policy makers given the job of rescuing the eurozone from deflation. The unorthodox steps the European Central Bank has taken since June – including a programme of private-sector asset purchases – have caused a steep fall in ...
Dubai, Saudi, Qatar bourses plunge amid oil price decline
October 17th, 2014
Markets across the Middle East tumbled on Thursday as global equities and oil prices continued to decline, while Saudi Arabia’s drop was magnified by investors selling to prepare for a $6 billion initial public offer of shares. Brent crude ...
Fall in Oil Prices Poses a Problem for Russia, Iraq and Others
October 16th, 2014
From Moscow to Caracas, Riyadh to Baghdad, in Tehran, Algiers, Kuwait City and Lagos, officials are confronting the plunge in prices — roughly 25 percent since a peak in June. A steep decline in oil prices is straining the ...
Oil prices tumble 4% on demand outlook
October 15th, 2014
Crude oil prices tumble again on lower demand; gas prices to follow. Another slump in crude oil prices pummeled the energy sector on Tuesday. Benchmark West Texas sank 4% to $82.32 a barrel – a 28-month low – while ...
Five reasons oil prices are dropping
October 14th, 2014
As oil prices continue to fall, analysts and producers are trying to wrap their heads around the reasons and identify a floor price. Even though crude benchmarks like Brent and WTI keep dropping, the cost of finding oil continues ...
Stocks, oil flounder on growth anxiety, China data little help
October 13th, 2014
Asian stocks stumbled to seven-month lows on Monday, while crude oil prices were pinned near a four-year trough as promising trade numbers out of China failed to cheer a market still worried about faltering global growth. “European equities look ...
Asian shares, oil prices tumble on growth worries
October 10th, 2014
Asian shares shuddered and Brent crude oil prices tumbled to their lowest since 2010 on Friday after weak German export data raised fears that Europe’s economic woes could drag down the global economy. “European markets face the prospect of ...
Asia shares stumble, oil skids to 27-mth lows
October 8th, 2014
Asian share markets were mostly in the red on Wednesday as worries about waning global growth lifted safe-haven bonds, while shoving oil prices to their lowest in more than two years. Extending a three-month-long decline, Brent oil sank $1.18 ...
US becoming largest oil producer in the global economy
September 30th, 2014
The US is overtaking Saudi Arabia to become the world’s largest producer of liquid petroleum, in a sign of how its booming oil production has reshaped the energy sector. US production of oil and related liquids such as ethane ...
