Search Results for: Russia
Oil prices rise on expectation of output cut extension
May 8th, 2017
Oil prices rose on Monday as Saudi Arabia’s energy minister said an OPEC-led production cut scheduled to end in June would likely be extended to cover all of 2017, although a relentless increase in U.S. drilling capped gains. Brent ...
Adidas reports strong start into the year; Q1 2017 results
May 5th, 2017
Major developments in Q1 2017: Currency-neutral revenues increase 16% Gross margin declines 0.2pp as a result of anticipated FX headwind Operating margin improves 0.9pp to 11.1% Net income from continuing operations grows 30% to € 455 million Basic EPS ...
Oil prices continue slide; WTI nearing six-month low as supply glut weighs
May 5th, 2017
Oil prices fell by as much as a further 3 percent on Friday, after prices had crashed to five-month lows in the previous session, as concerns about global oversupply wiped out all of the price gains since OPEC’s move ...
Is oil market moving from balance into deficit?
May 4th, 2017
Market demand is heading into balance in the second half of the year, should the Organization of the Petroleum Exporting Countries (OPEC) extend its production-cut agreement with other producers from outside the group for another six months after the ...
Oil eases, near weakest since late March on small U.S. stocks decline
May 4th, 2017
Crude oil lost ground on Thursday, falling for a third out of four sessions and trading near its lowest since late March after data showed a lower than expected decline in U.S. inventories. U.S. crude stockpiles fell less than ...
CME Group reached Average Daily Volume of 16.3 million contracts in April 2017
May 3rd, 2017
CME Group, the world’s leading and most diverse derivatives marketplace, today announced that April 2017 average daily volume (ADV) reached 16.3 million contracts, up 18 percent from April 2016. CME Group April 2017 options volume averaged 4 million contracts ...
End of empire
April 30th, 2017
“Already, China dominates world trade. Her own economy is already significantly larger than that of the US on the PPP estimates. While being the largest consumer of raw materials, China also exports more finished goods by value than any ...
Oil rises on potential OPEC cut extension, but still faces second weekly loss
April 28th, 2017
Oil prices rose on Friday but were still on track for a second straight weekly loss on concerns that an OPEC-led production cut has failed to significantly tighten an oversupplied market. U.S. West Texas Intermediate (WTI) crude futures CLc1 ...
Global stocks are near a record high
April 28th, 2017
MSCI Asia Pacific Index set for fourth straight monthly gain Investors assess global earnings before U.S. GDP report Asian equities retreated, trimming a fourth straight monthly gain for the regional benchmark index, as geopolitical concerns intensified and investors assessed ...
Saudi Arabia is losing oil market share to Iraq and Iran
April 27th, 2017
Saudi Arabia, the world’s biggest crude exporter, is losing market share to Iraq and Iran as a result of OPEC’s agreement to curb supplies to bolster prices, according to the head of research at Abu Dhabi Investment Authority. “If ...
