Search Results for: Oil prices
Iran’s nuclear deal could open oil flood
March 17th, 2015
Iran, the U.S. and its allies are pushing ahead with talks over a nuclear deal that would change many things — perhaps none faster than the price of oil. Iranian exports in recent years have been essentially capped by ...
China and Middle East will drive oil demand: OPEC
March 16th, 2015
Almost half of this year’s oil demand growth is likely to come from China and the Middle East, the Organization of the Petroleum Exporting Countries (OPEC) said Monday. In its monthly report, Opec forecast that global oil demand growth ...
Strongest Dollar in 12 Years Sinks Stocks While Oil Slips
March 11th, 2015
The strongest dollar in nearly 12 years versus the euro and the specter of higher U.S. interest rates fueled a selloff in global equities that sent the Standard & Poor’s 500 Index down the most since Jan. 5. Oil ...
Hungry Market Eats Up Oil Bonds
March 10th, 2015
Drop in oil prices has producers raising cash Investors are snapping up new stock and bonds from energy producers as they search for bargains amid the tumult caused by the plunge in oil prices. The buyers are betting these ...
The Price of Oil Is About to Blow a Hole in Corporate Accounting
March 4th, 2015
There’s one place in the world where oil is still $95 a barrel. On paper. The U.S. Securities and Exchange Commission requires drillers to calculate the value of their oil reserves every year using average prices from the first ...
Saudis’ Oil Price War Is Paying Off
February 27th, 2015
Three months after Saudi Arabia made clear it was going to let oil prices keep tumbling, the strategy is showing signs of working. U.S. drillers are idling rigs at a record pace, gutting investment plans and laying off thousands ...
Crude-oil shocker: API data show supply surging
February 19th, 2015
The oil market got a bit of a shock late Wednesday, when the American Petroleum Institute’s supply data were released. U.S. crude-oil supplies as of the week ended Feb. 13 saw a whopping 14.3 million-barrel jump from a week earlier, the ...
Oil giant BP predicts Opec comeback as Brent crude price rises
February 18th, 2015
Saudi Arabia and its fellow Opec members are set to make a massive comeback and regain control of the world’s crude oil market, and could be in their previous position of influence as early as next year. The prediction, published by oil giant BP yesterday, ...
Asian Stocks Follow U.S. Shares Higher as Oil Resumes Rebound
February 6th, 2015
Asian stocks followed U.S. equities higher, with the regional benchmark index extending its weekly advance, as materials and energy shares gained amid higher oil prices. The MSCI Asia Pacific Index rose 0.4 percent to 142.14 as of 9:01 a.m. ...
Markets mixed as oil plunge resumes
February 5th, 2015
US stocks pulled back on Wednesday on the backdrop of resumed slide in oil prices and news that European Central Bank will no longer accept Greek bonds as collateral. Energy, utilities and health-care stocks led the losses, with six ...
