Search Results for: Crude prices
OPEC Struggling To Keep Up The Pace In Oil Price War
May 21st, 2015
Some market watchers, such as Cornerstone Analytics (CA), have consistently stated that the underestimation of demand, coupled with over-estimation of supply, will mask the growing call on OPEC oil in the second half of this year. CA recently noted ...
Japan shares set fresh 15-year high, dollar holds gains after Fed minutes
May 21st, 2015
Japanese shares hit a new 15-year high on Thursday on hopes that its long-moribund economy was finally coming to life, but weak China factory activity capped stock market gains in much of the rest of Asia. The dollar held ...
Oil price to reach $80 by 2017 – Iranian oil minister
May 19th, 2015
Iran hopes its crude oil exports will be back to the pre-sanctions level of 2.5 million barrels per day (bpd) and the oil price to rise to around $80 a barrel by end of 2016, according to Iran’s Deputy ...
Hedge Funds Lose Faith in Oil Rally as OPEC Seen Boosting Supply
May 18th, 2015
Speculators are losing faith in the oil rally, judging that OPEC will keep increasing supply from the highest level since 2012. Their net-long position in West Texas Intermediate crude dropped 2.1 percent, as long wagers fell the most in ...
Asian stocks drift after lackluster US retail sales data
May 14th, 2015
Asian stock markets drifted Thursday after weak retail sales figures suggested the U.S. economy is struggling to maintain growth momentum. KEEPING SCORE: Japan’s benchmark Nikkei 225 dropped 0.6 percent to 19,656.28. Australia’s S&P/ASX 200 dipped 0.9 percent to 5,664.60. ...
Asian stocks at 2-week lows, bond woes spread, dollar slips
May 6th, 2015
Selloff in government bonds from Germany to Australia China stocks bounce after moderately encouraging PMI data Commodities rally in what might be a return to reflation Dollar softer on trade blow out, Fed’s Yellen speech awaited (.) A selloff in global ...
Oil Holds Below $60 as China Manufacturing Shows Slowing Demand
May 4th, 2015
Oil held below $60 in New York as a Chinese manufacturing gauge weakened in April, signaling fuel demand is slowing in the world’s biggest energy consumer. Futures in New York rose 0.1 percent after falling 0.8 percent on Friday. ...
Asian shares rise as weak China data spurs stimulus bets
May 4th, 2015
Asian stocks bounced off lows on Monday and the Australian dollar pared early losses as weak China factory activity reinforced views that Beijing will roll out fresh support measures soon for the world’s second-largest economy. Spreadbetters expected the equity ...
OCR unchanged at 3.5 percent
April 30th, 2015
Statement issued by Reserve Bank of New Zealand Governor Graeme Wheeler: The Reserve Bank today left the Official Cash Rate unchanged at 3.5 percent. Trading partner growth continues at around its long-term average, but remains dependent on highly accommodative ...
BP first quarter 2015 results
April 28th, 2015
Underlying replacement cost profit 20% down on year earlier, 15% higher than previous quarter Focus on rebalancing BP – resetting capital expenditure, managing cost, delivering divestments BP today reported its results for first quarter of 2015. Underlying replacement cost ...
