Search Results for: Oil prices
Asian Stocks Advance as Oil Holds Near $40; Aussie, Kiwi Climb
April 19th, 2016
Korean won climbs to five-month high as gold declines Japan’s Topix jumps by most in a month as yen weakens Asian equities jumped by the most in a month as crude oil stayed within sight of $40 a barrel, ...
Kuwait oil strike to support Brent, Dubai, reduce fuel exports -analysts
April 18th, 2016
Kuwait oil outage supports Brent, Dubai Fuel exports to fall as Kuwait cuts refinery output A workers’ strike in Kuwait that has cut its crude output by more than 60 percent could support oil price benchmarks Brent and Dubai, ...
Oil Plunges After Output Talks Fail Amid Saudi Demands Over Iran
April 18th, 2016
No Doha deal as Saudi insists all OPEC members must join Russia says it was surprised by some nations changing position Oil tumbled by the most in two months after output talks Sunday between the world’s biggest producers ended without any ...
Oil crisis? Here is how Saudi Arabia plans to shake up its economy
April 14th, 2016
In late February, several hundred Saudi officials, company executives and foreign consultants gathered in a luxury Riyadh hotel to discuss how Saudi Arabia’s economy could survive an era of cheap oil. In late February, several hundred Saudi officials, company ...
Russia Says Oil-Freeze Deal Could Go Ahead Without Iran
April 14th, 2016
Comments come ahead of meeting between major oil-producing nations in Qatar on Sunday Russian Energy Minister Alexander Novak said Wednesday that an agreement on freezing oil production could be reached between oil-producing countries without the participation of Iran, Tass ...
US oil slips 0.97 pct after hitting 2016 highs
April 14th, 2016
Oil gave up short-lived gains following mixed U.S. government data that showed a bigger-than-expected build in crude stockpiles, rising gasoline demand, and falling oil production. Brent crude was down 61 cents at $44.08 a barrel , having briefly risen to ...
World’s Top Traders Say the Worst Is Over for Oil
April 13th, 2016
CEOs from Gunvor, Mercuria and Trafigura predict higher prices Oil traders expect “tougher” 2016 after boom times last year Top executives at the world’s largest oil-trading houses said the worst of the market’s woes are probably over, with some ...
Iran, Iraq to seal gas oil deal
April 11th, 2016
The contract for exporting two million tons of gas oil to Iraq will soon be inked to turn the neighboring country into largest buyer of the Iranian oil product. Given that Iran possesses surplus capacity for the production and ...
European stocks slip at the open as oil falls
April 11th, 2016
European markets opened lower, following a mostly negative lead from Asia, as the oil price reversed its positive moves to trade in the red. The pan-European STOXX 600 was down 0.3 percent. Asia markets were mostly lower on Monday morning although Chinese ...
Oil rises on signs of tightening market, but economic worries weigh
April 11th, 2016
Oil prices rose on Monday, extending a sharp rally seen at the end of last week after a drop in U.S. inventories and drilling, while outages and hopes that exporters could freeze output also supported prices. Oil futures were ...
