Search Results for: crude
Asia markets erase early losses as traders digest ECB easing
March 11th, 2016
Asia markets reversed early losses to trade mostly higher on Friday, as traders digested fresh easing from the European Central Bank (ECB) overnight. The Japanese benchmark Nikkei 225 erased losses to close up 86.52 points, or 0.51 percent, at 16,938.87. The ...
Saudi Arabia seeks $8bn loan to plug fiscal deficit caused by low oil prices
March 10th, 2016
Saudi Arabia is looking to raise as much as $8bn (£5.6bn; €7.3bn) from international lenders to help plug a record budget deficit caused by low oil prices. Citing sources, the Wall Street Journal said the kingdom is also considering ...
China And Fracking: The Pillars Of “The Recovery” Are Crumbling
March 10th, 2016
When historians sort out this era of once-a-decade financial bubbles, they’ll marvel at how dissimilar the drivers of each boom were. The junk bonds of the 1980s were essentially leveraged tools for extracting wealth from companies. The dot-coms of ...
Oil Hits Three-Month High on Gasoline Demand
March 10th, 2016
Oil prices surged to a three-month high Wednesday after government data showed demand for gasoline and diesel fuel was far higher than even bullish expectations. The U.S. Energy Information Administration said gasoline stockpiles fell last week three times as ...
Asia markets mixed as traders digest central bank decisions, China data
March 10th, 2016
Asian markets traded mixed as traders digested another round of Chinese economic data and interest rate decisions from central banks in New Zealand and South Korea. The Japanese Nikkei 225 was up 1.45 percent. South Korea’s Kospiadded 0.82 percent, while Down Under, ...
Russia’s Oil Dilemma, Explained
March 9th, 2016
Kremlin needs to plug hole in budget stemming from crude slump Higher tax could cause output to drop from post-Soviet record While the world focuses on Russia’s Oil-freeze talks with OPEC, there are discussions behind closed doors in the Kremlin ...
IMF urges action as risks to the world economy rise
March 9th, 2016
Collective action is needed to boost the global economy, with volatile financial markets and low commodity prices creating fresh concerns about its health, the first deputy managing director of the International Monetary Fund (IMF) said on Tuesday. In a ...
Oil prices stable as falling U.S. output offset by demand worries
March 9th, 2016
Oil prices were only slightly higher on Wednesday as support from falling U.S. production was countered by a strengthening U.S.-dollar and concerns over slowing demand. U.S. crude futures CLc1 were at $36.60 per barrel at 0449 GMT, up 10 ...
Asia trades lower, with Shanghai off 2.9%, Nikkei lower by 1.3%
March 9th, 2016
Most Asian markets stumbled Wednesday, with China shares dropping sharply, as analysts pointed to renewed concerns about the mainland’s economy following lower-than-expected trade data for February. The Shanghai composite dropped 2.9 percent, while the Shenzhen composite fell 2.22 percent. Elsewhere, the Japanese benchmark Nikkei ...
Oil at 2016 high above $40 per barrel after producer price support talk
March 8th, 2016
Global oil markets jumped more than 5 percent on Monday, with Brent hitting a 2016 peak above $40 a barrel, after Ecuador said it was holding a meeting of Latin American crude producers as OPEC sought a higher anchor ...
