Search Results for: Oil
Saudi, UAE signal no push for OPEC oil cut
November 26th, 2014
OPEC leader Saudi Arabia and fellow member the United Arab Emirates signalled on Wednesday they were unlikely to push for a major change in oil output at the group’s meeting this week to prop up prices that have collapsed by a ...
Santos Flags ‘Prudent’ Capital Raising After Oil Price Falls
November 26th, 2014
Santos Ltd. (STO), set to start output at its $18.5 billion natural gas project in the second half of next year, is studying a sale of hybrid notes in European markets after a slide in oil prices. “It’s prudent capital management to ...
Ruble Jumps on Rising Oil Prices and Stimulus Hopes
November 24th, 2014
The ruble rose sharply on Monday, lifted by Russian exporters buying to meet tax payments and as oil prices stabilised at around $80 a barrel. At 1356 GMT, the ruble was around 1.7 percent stronger against the dollar at ...
Russia puts losses at up to $140 billion from Western sanctions, oil price fall: minister
November 24th, 2014
Russia is suffering losses at a rate of about $40 billion per year because of Western sanctions and $90-100 billion from the drop in the oil price, Finance Minister Anton Siluanov said on Monday. Source: Reuters – Russia puts losses at up ...
OPEC’s Easy Days Setting Oil Production Are Over, Veteran Says; You Need Russia, Norway, Mexico
November 24th, 2014
The days when OPEC members could all but guarantee consensus when deciding production levels for oil are long gone, according to a veteran of almost two decades of the group’s meetings. The global glut of crude, which has contributed ...
Stocks Rise With Oil After China Rates as Euro Falls
November 21st, 2014
Global stocks climbed, and oil and metals gained after China cut interest rates. The euro weakened and bonds in the region rose after Mario Draghi said the European Central Bank must drive inflation higher. The MSCI All-Country World Index advanced 0.2 percent at 11:21 a.m. ...
Cheap-Oil Era Tilts Geopolitical Power to U.S.
November 20th, 2014
A new age of abundant and cheap energy supplies is redrawing the world’s geopolitical landscape, weakening and potentially threatening the legitimacy of some governments while enhancing the power of others. Some changes already are evident. Surging U.S. oil production enabled America ...
Brent Oil Drops Before OPEC Meeting, Iran Nuclear Talks
November 18th, 2014
Brent crude dropped for a second day as investors weighed the possibility that OPEC will reduce output next week, or that talks over Iranâs nuclear program could result in an agreement. West Texas Intermediate was little changed in New ...
Gold Holds Decline From Two-Week High as Dollar Gains, Oil Drops
November 18th, 2014
Gold held a retreat from the highest level in two weeks after the dollar strengthened and energy prices dropped, curbing demand for the metal as an investment. Silver and palladium declined. Bullion for immediate delivery traded at $1,186.35 an ...
Iraq and Kurds Reach Deal on Oil Exports and Budget Payments
November 14th, 2014
Iraq’s central government and the autonomous region of Kurdistan reached an interim agreement on Thursday over oil exports and budget payments, at least temporarily easing a bitter dispute that has threatened the government’s stability. The standoff began earlier this ...
