Search Results for: Saudi Arabia
Oil Prices Soar After Inventory Data
April 7th, 2016
Chinese economic gauge also shows quicker-than-expected improvement Oil prices rallied Wednesday on an unexpected decline in U.S. crude stockpiles. Light, sweet crude for May delivery settled up $1.86, or 5.2%, at $37.75 a barrel on the New York Mercantile ...
Can A Divided OPEC Agree On Anything In Doha?
April 6th, 2016
Only two weeks remain until the fated meeting between the OPEC countries and their counterparts from outside the organization, scheduled to take place in the Qatari capital of Doha on the coast of the Persian Gulf. The meeting could ...
Looming gasoline glut pulls down global crude oil prices
April 5th, 2016
Oil prices dropped for a third session on Tuesday, as weakening demand for gasoline and persistent doubts on whether crude producers will be able to reach an agreement to rein in a worldwide supply glut dragged on the market. ...
Asia markets rise; Japanese yen maintains 111 handle versus dollar
April 4th, 2016
Asian markets were mixed Monday, with Japanese shares losing ground on the back of a lower dollar/yen pair, which has hovered at the 111 level since Friday. Australia’s ASX 200 was up 0.64 percent, while Japan’s Nikkei 225 gave up gains to trade ...
Iran Said to Attend Doha Talks Without Joining Oil Freeze
March 30th, 2016
All OPEC members except Libya now scheduled to attend talks Russia will join meeting while Argentina, Brazil declined Iran will attend talks with fellow OPEC members and Russia in Qatar next month without joining their proposal to freeze crude ...
India to OPEC: We’ll take that extra oil you’re pumping
March 30th, 2016
India’s got an oil problem. The country’s lightning-fast growth rate is fueling increased demand for crude. Yet India doesn’t pump much oil at home, forcing it to rely on foreign imports. India also lacks a strategic petroleum reserve, or ...
Oil prices fall 3 percent as investors focus again on glut
March 30th, 2016
Oil prices fell about 3 percent on Tuesday, reflecting growing concern that a two-month rally was fading as demand fails to keep up with swelling global supply, including new output from Kuwait and Saudi Arabia. Prices bounced, but only ...
Most Asian markets up in wake of dovish Yellen remarks, but Nikkei lags
March 30th, 2016
Most Asian markets advanced after remarks from Federal Reserve chair Janet Yellen assuaged concerns about a near-term interest rate hike, but Japan’s shares retreated as the yen strengthened. “Janet Yellen doubled down on dovishness, in a speech full of risks to ...
Oil Prices Edge Down Amid Little-Improved Supply Picture
March 29th, 2016
Oil prices edged down Monday, extending last week’s decline, as traders returned from a long holiday weekend to a market with little improvement in supply-and-demand conditions. The benchmark U.S. contract fell 0.2% to $39.39 a barrel on the New ...
Oil to rebound to around $50 by year end – Saxo Bank
March 28th, 2016
Several factors are helping oil prices gain ground The past two months of oil price volatility have taken its toll on the financial markets, with the main culprits for this dramatic price fall being excess production, concerns about a ...
