Search Results for: Oil prices
Asia markets trade lower, focus on oil, earnings and central banks
February 2nd, 2016
Asia markets closed mostly lower on Tuesday, weighed by declines in the energy sector as oil prices continued to tumble. Japan’s Nikkei 225 lost 114.55 points, or 0.64 percent, to close down at 17,750.68, while South Korea’s Kospi slipped ...
Saudi Arabia struggles to cope with cheap oil
February 1st, 2016
Saudi Arabia has managed to buy itself a couple of months. The global rout of oil prices is taking its toll on the kingdom’s bottom line. The country has been forced to cut government spending in its upcoming budget ...
Russia wants to talk to OPEC about output cuts to bolster oil price
January 28th, 2016
Russian officials have decided they should talk to Saudi Arabia and other OPEC countries about output cuts to bolster oil prices, the head of Russia’s pipeline monopoly said on Wednesday, remarks that helped spur a sharp rise in world ...
OPEC, Russia talk of oil teamwork, but Saudi talks of investment
January 26th, 2016
Senior OPEC and Russian oil industry officials stepped up vague talk on Monday of possible joint action to remedy one of the worst supply gluts in decades, while Saudi Arabia signaled its resolve to allow the market to balance ...
Oil Drops as Saudis to Maintain Spending, China Diesel Use Falls
January 26th, 2016
Saudi Aramco hasn’t cut investment in oil projects: chairman China’s diesel consumption in December dropped for 4th month Oil dropped after Saudi Arabia, the world’s biggest crude exporter, said low prices won’t reduce its spending on energy projects and China’s ...
Oil rout, Fed-ticipation hurts Asia stocks; China leads losses
January 26th, 2016
Asian equities came under pressure on Tuesday from a renewed selloff in oil overnight, ahead of the Federal Reserve’s monetary policy decision on Thursday. U.S. crude fell below $30 a barrel after sliding as much as 7 percent on ...
Russian economy hit by oil price slide
January 25th, 2016
Russia’s economy contracted by 3.7% in 2015, according to preliminary figures published by the country’s statistics service. Retail sales plunged by 10% and capital investment fell by 8.4% in the economy’s worst performance since 2009. In contrast, Russian GDP ...
Saudi to seek foreign non-oil investors as crude slumps
January 25th, 2016
Saudi Arabia aims to at least double annual inflows of foreign direct investment (FDI) over the next 10 years by focusing on new sectors such as mining, health care and information technology, the head of its investment agency said ...
Russian Oil: Output Grows as Prospects Shrink
January 25th, 2016
Plummeting prices and U.S.-led sanctions raise questions about Russian oil’s capacity to continue underwriting Putin’s global ambitions In the frosty swamplands of West Siberia, the drilling rigs of oil giant OAO Lukoil are helping raise Russia’s oil output to its highest ...
Asia rises after cold spell lifts oil, dollar stands tall
January 25th, 2016
Asian stocks on Monday moved further away from four-year lows struck last week, as a cold spell in parts of the northern hemisphere pushed oil prices higher and relieved some of the bearish pressure on global markets. World equities ...
