Search Results for: Oil price
Oil is expected to reach new lows – CNBC Oil Survey
December 3rd, 2015
OPEC is not expected to take any action this week to prop up oil prices, which have yet to hit rock bottom, according to a new CNBC Oil Survey. Oil is expected to reach new lows in the first ...
Saudi Arabia, Allies Willing to Cut Oil Production If Others Follow
December 3rd, 2015
Divisions emerge ahead of a contentious OPEC meeting on Friday Saudi Arabia and its Persian Gulf allies are willing to pull back oil output as crude prices skidded further Wednesday but won’t cut unless other producers like Iran, Iraq ...
Russia and Saudi Arabia Battle for Control of European Oil Market
December 1st, 2015
Both Russian and Saudi companies have aggressively discounted their crude exports to Europe, dimming hopes of production cuts A contest for dominance in Europe’s oil market is heating up between the world’s two biggest oil exporters—Saudi Arabia and Russia—as ...
OPEC rivals now allies in push for oil market share
November 30th, 2015
Almost by accident, OPEC adversaries Saudi Arabia and Iran are about to work as a team. When the Saudi kingdom decided last year that OPEC should keep pumping to counter a surge in US shale oil, Iran spearheaded resistance ...
Biggest Oil Buyers Pick Themselves as Winners From OPEC Meeting
November 27th, 2015
OPEC to meet Dec. 4 in Vienna to discuss oil production target South Korean refiner sees `best time ever’ as buyer amid glut Oil buyers in Asia are sure of one thing as OPEC prepares to meet: They’ll emerge ...
Brent down; U.S. oil up on stock, rig data in thin Thanksgiving trade
November 26th, 2015
Brent crude oil futures eased but U.S. crude extended gains on Thursday on light trading due to the Thanksgiving holiday, after a smaller-than-expected inventory build in the United States and a fall in the number of U.S. rigs actively ...
Big Oil: Which Are The Top 10 Biggest Oil Companies?
November 25th, 2015
Energy analysts are paying a lot of attention to which companies are cutting back on drilling, which are going bankrupt, and who will be able to survive the downturn. At least 37 oil and gas companies have filed for bankruptcy so ...
Asia stocks stumble on geopolitical tensions, oil stands tall
November 25th, 2015
Asian stocks were on edge on Wednesday as geopolitical tensions flared after Turkey downed a Russian fighter jet, while crude oil prices extended gains. Spreadbetters expected some of the tension to have eased when trading begins in Europe, forecasting ...
U.S. oil plunges more than 2 percent on supply glut woes
November 23rd, 2015
Crude futures lost ground in early Asian trading on Monday, with U.S. oil plunging over 2 percent on festering worries over a global supply surplus. U.S. crude’s West Texas Intermediate (WTI) January contract CLc1 had dropped 78 cents, or ...
Gold Prices Rise as Paris Attacks Spark Safe-Haven Demand
November 17th, 2015
Gold’s gains could be short lived, analysts say, as the market refocuses on the U.S. Federal Reserve Gold prices rose, breaking a three-session losing streak as the terror attacks in Paris sparked safe-haven demand for the metal. The precious metal has ...
