Search Results for: U.S. oil
Sanctions force another company out of Russia’s oil boom
October 9th, 2014
Western sanctions against Russia have led Royal Dutch Shell to discontinue its work with Gazprom Neft extracting shale oil from a field in Siberia. In announcing Shell’s suspension on its website, Gazprom Neft, part of the Kremlin-run gas monopoly ...
Asia shares stumble, oil skids to 27-mth lows
October 8th, 2014
Asian share markets were mostly in the red on Wednesday as worries about waning global growth lifted safe-haven bonds, while shoving oil prices to their lowest in more than two years. Extending a three-month-long decline, Brent oil sank $1.18 ...
Low oil prices influence Russia’s economy
October 8th, 2014
Falling oil prices are inflicting deeper economic pain on Russia’s economy, which is already reeling from EU and U.S. sanctions. Russia’s economy has become more dependent on oil to meet its budget commitments. Excluding oil revenue, Russia has run ...
Japanese stocks, dollar shine on upbeat U.S. jobs
October 6th, 2014
The U.S. dollar held near four-year highs against a basket of currencies and Asian shares advanced on Monday, after upbeat U.S. jobs data eased concerns over slower global growth. Tokyo’s Nikkei .N225 jumped 1.3 percent, while Hong Kong shares ...
Oil Prices Fall, and the Global Economy Wins
September 30th, 2014
Oil is in the midst of one of its steepest selloffs since the financial crisis, with prices falling 16 percent since mid-June. This has the Saudis contemplating even deeper cuts in oil production to keep prices from declining any ...
Standard Oil heirs join movement to divest In Fossil Fuels
September 23rd, 2014
The movement against investing in fossil fuels has reached a critical mass, with more than 800 individuals and institutions promising to rid their portfolios of $50 billion worth of investments in non-renewable fuels. On Sept. 22, the Rockefeller family ...
West TX Oil Eases Below $95 on Stock Build
September 17th, 2014
Brent crude steadied below $99 per barrel on Wednesday, after staging its steepest climb in two weeks in the previous session, on hopes the Organization of the Petroleum Exporting Countries (OPEC) will cut output and reduce a global supply ...
Oil Production 2014
September 17th, 2014
The world’s oil supply has shrunk considerably over the last few decades. Countries, mostly in the Middle East, with what seemed like a never-ending amount of oil, have begun limiting their exports. Some oil fields, such as the ones ...
West TX Oil at $93 on Softer Economic Data
September 16th, 2014
Brent crude was little changed just below $98 a barrel on Tuesday, holding gains after recovering from its lowest price in more than two years but capped by a soft global economic outlook. Data reflecting lackluster manufacturing output performance ...
West TX Oil Drops to $91.30 after Russia Sanctions
September 15th, 2014
Brent crude slumped to a more than two-year low under $97 per barrel on Monday as a slew of lackluster economic data from China, the world’s top energy consumer, cast a shadow on the outlook for oil demand amid ...
