Search Results for: Oil prices
What oil freeze? Saudi Arabia and Russia pump more
March 15th, 2016
So much for that agreement to freeze output. The latest oil market data reveal that both Russia and Saudi Arabia ramped up their oil production in February, despite talks about supply caps. The two oil countries agreed to freeze output at ...
Elliott Wave Analysis On Crude OIL And German DAX
March 11th, 2016
Crude oil is trading higher, after breaking above 35.94 last week which suggests that wave four can be making a flat correction. That’s a 3-3-5 pattern, so leg up from 28.69 should then unfold as a five wave movement. ...
Oil Hits Three-Month High on Gasoline Demand
March 10th, 2016
Oil prices surged to a three-month high Wednesday after government data showed demand for gasoline and diesel fuel was far higher than even bullish expectations. The U.S. Energy Information Administration said gasoline stockpiles fell last week three times as ...
Russia’s Oil Dilemma, Explained
March 9th, 2016
Kremlin needs to plug hole in budget stemming from crude slump Higher tax could cause output to drop from post-Soviet record While the world focuses on Russia’s Oil-freeze talks with OPEC, there are discussions behind closed doors in the Kremlin ...
Oil at 2016 high above $40 per barrel after producer price support talk
March 8th, 2016
Global oil markets jumped more than 5 percent on Monday, with Brent hitting a 2016 peak above $40 a barrel, after Ecuador said it was holding a meeting of Latin American crude producers as OPEC sought a higher anchor ...
Russia to freeze oil output at January level – Putin
March 3rd, 2016
President Vladimir Putin has said Russia will freeze this year’s oil output at January’s production level. An agreement was reached during his meeting with the heads of the country’s oil majors on Tuesday. Putin said Energy Minister Aleksandr Novak ...
Shale Oil Isn’t Saudi Arabia’s Only Nemesis
March 2nd, 2016
Even when glut stops growing, market might shrug: SocGen History shows oil rebound will hinge on stockpiles: Goldman Even if Saudi Arabia wins its struggle with U.S. shale producers over market share, it will face a new billion-barrel adversary. ...
Arab States Face $94 Billion Debt Crunch on Oil Slump, HSBC Says
February 29th, 2016
$52 billion of bonds, $42 billion of loans due this, next year Refinancing challenging with slow growth, rating downgrades Gulf Cooperation Council countries may struggle to refinance $94 billion of debt in the next two years as the region ...
Gold Prices Up On Investor Jitters
February 25th, 2016
Gold prices are trading higher on investor jitters, as lower oil prices and falling equity markets increase the appeal of this haven asset. Spot gold is up 0.55% at $1,236.77 a troy ounce in morning European trade. “It’s all ...
Asia shares edge ahead with oil, pound slips
February 22nd, 2016
Asian share markets edged cautiously higher on Monday as investors awaited a rush of February industry surveys to take the pulse of the global economy, while sterling suffered on concerns the UK might yet vote to leave the European ...
