Search Results for: U.S. oil
Ruble Drops to 2015 Low on Year-End Budget Flows as Oil Tumbles
December 29th, 2015
Russian currency slides past 72 per dollar as oil drops Finance Ministry seen boosting budget spending before new year The ruble fell to its weakest level this year as oil resumed declines and investors speculated a traditional pick up ...
OPEC: $95 Oil, But Not Until 2040
December 28th, 2015
This week opened with the average global price of oil at an 11-year low, yet OPEC expects its own producers eventually will cut back on production, causing prices to rebound to $70 per barrel by 2020. That may seem ...
Asia stocks slip but Japan bucks trend on oil bounce; dollar wobbles
December 28th, 2015
Asian stocks dipped on Monday amid a lack of immediate directional cues in light year-end trade, although Japanese shares managed to rise following a rebound in crude oil prices from multiple-year lows. Investors across asset markets were without some ...
U.S. Third-Quarter GDP Revised Down to 2.0% Growth
December 22nd, 2015
The economy expands at a slightly slower pace than initially estimated in the third quarter The U.S. economy expanded at a slightly slower pace than initially estimated in the third quarter, as companies spent less stockpiling their inventories. Gross ...
Oil prices edge up as northern hemisphere moves into peak winter demand
December 22nd, 2015
Oil prices edged away from multi-year lows on Tuesday as the northern hemisphere moves into the peak-demand winter season, but mild weather and ballooning supplies mean that prices are expected to remain generally low well into 2016. The global ...
Saudi Arabia Spends Billions to Get Asia Hooked on Its Crude Oil
December 17th, 2015
At the heart of Korea’s Onsan Refinery lies a street called “A.I. Naimi Road,” an homage to Saudi Arabia’s oil minister. The reason: state-owned Saudi Arabian Oil Co. holds a 65 percent stake in the complex. Taking a controlling ...
Asian stocks stabilize as oil prices try to recover
December 15th, 2015
Asian shares tried to stabilize early Tuesday as jitters about the high-yield bond market receded and oil prices recovered slightly, a reprieve from deep selling across the region a day earlier. Australia’s S&P/ASX 200 XJO, -0.39% was off 0.4% with a gauge ...
Oil dips below $37 as OPEC pumps most in three years
December 11th, 2015
Oil fell below $37 a barrel on Thursday, after new data showed OPEC is still pumping like there is no tomorrow. The mighty oil cartel produced 31.7 million barrels a day in November, its latest monthly report shows. That ...
Shale Doesn’t Swing Oil Prices—OPEC Does
December 10th, 2015
The oil cartel is still influential, and American shale can’t replace the world’s true “swing” producer. The breathtaking crash in oil prices has generated a new conventional wisdom: America’s shale oil industry has supplanted OPEC as the so-called “swing” ...
Brent Crude Falls; Oil Prices End at Nearly Seven-Year Lows
December 9th, 2015
Prices hit fresh seven-year lows on expectations that U.S. crude inventories rose Brent crude dipped below $40 a barrel Tuesday in a selloff that has raised a worrisome possibility: that oil prices could be even lower next year than ...
