Search Results for: Gulf
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. ...
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 ...
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 ...
British law firms dominate 2014 sukuk issuance sector
January 2nd, 2015
Allen & Overy, Dentons and other UK law firms are dominating the sukuk issuance sector, along with British banks, even though Malaysia remains the geographical capital. Other leading firms are Linklaters, Slaughter and May, King and Spalding and Clifford ...
Crude oil, one of the worst investment of 2014
December 30th, 2014
Opec’s refusal to cut production sent the price of oil down below $60 a barrel Performance in 2014: -45.1% What happened? After hitting a peak of around $115.71 on 19 June, Brent crude oil began to slide. By September, ...
Oil Extends Drop Below $60 as Producers Tussle for Market Share
December 12th, 2014
Oil extended losses below $60 a barrel amid speculation that OPEC’s biggest members will defend market share against U.S. shale producers. Brent also slid after closing at the lowest price since July 2009. West Texas Intermediate futures fell as ...
Crude Oil’s Fall Pressures Energy Megaprojects
December 9th, 2014
Energy development projects that looked great earlier this year are looking less so now. Tumbling oil prices hit a fresh five-year low on Monday, pressuring some of the world’s biggest energy companies to reconsider multibillion-dollar expenditures. The biggest worries: ...
Technical Analysis: Currency pairs – Dec 09
December 9th, 2014
Technical Analysis for December 09, 2014 EUR/USD bounces from the last low at 1.225 level and traded around 1.231 level for now. The next target for the lower break will be 1.2 but after retesting 1.225 again first. A ...
Qatar appoints new chief for sovereign fund
December 4th, 2014
Qatar‘s sovereign wealth fund yesterday appointed a member of the emirate’s royal family to replace its chief executive. The Qatar Investment Authority (QIA), which manages as much as $300bn (£191bn), including significant stakes in Barclays, Credit Suisse, Sainsbury’s and London ...
