Search Results for: oil price
Is the oil crash over? Prices soar 30% in 11 days
March 1st, 2016
Oil has stopped crashing. Investors around the world freaked out when oil prices plummeted to a 13-year low of $26.05 a barrel on February 11. But they are now sitting at $34 a barrel, marking an incredible 30% spike ...
Saudi Oil Minister Surprises OPEC with Tough Line on Prices
February 25th, 2016
Prepared for $20 a barrel to force production cuts outside the Middle East, Says al Naimi Saudi Arabian Oil Minister Ali al-Naimi surprised fellow members of the Organization of the Petroleum Exporting Countries on Tuesday when he said the ...
Oil crisis: Prices decline again after Saudi Arabia refuses to cut production
February 19th, 2016
Oil prices declined after Saudi Arabia’s foreign minister Adel al-Jubeir said that his country will not cut production. The statement made on 18 February is contrary to what Saudi Arabia had agreed to at the recent emergency meeting in ...
Iran oil minister: Support any effort to stabilize market and prices
February 18th, 2016
Iran could support any effort to stabilize oil prices, including cooperation between OPEC and non-OPEC oil producers, the nation’s oil minister said after a meeting Wednesday, according to Reuters. Oil Minister Bijan Zanganeh said while he supports a production ...
Crude prices steady in Asian trade, Russia mulls oil talks
October 6th, 2015
Crude oil held steady in Asia on Tuesday, following big gains in the previous session after Russia signaled it was prepared to discuss the global oil market with other big producers. Brent crude LCOc1, the global crude benchmark, edged ...
Qatari trade surplus falls in July due to oil and gas price volatility
August 31st, 2015
Qatar’s trade surplus fell last month, largely because of tumbling oil and gas prices. It dipped 1.4 per cent from June to 14.3 billion Qatari riyals (Dh14.4bn) and plunged 55.6 per cent from July last year, according to a government report ...
Middle Eastern Stocks Rally Led by Oman After Oil-Price Rebound
August 31st, 2015
Muscat’s MSM30 Index advanced the most since January Brent crude capped the best week since 2009 on Friday Omani stocks led a rally in most equity markets across the Middle East after oil prices had the biggest-weekly jump in ...
Oil-Price Drop Isn’t Tonic for Sonic
June 22nd, 2015
Sonic shares have momentum, but geography and valuations provide a risk Up nearly fourfold since 2012, it seems like Sonic Corp. warrants a snazzy prefix, perhaps “super” or even “hyper.” Gaudy share-price gains among quick-serve eateries are common these days, of course, as ...
Developing Countries Face Tough Transition in 2015 with Higher Borrowing Costs and Lower Prices for Oil & Other Commodities
June 11th, 2015
Developing countries face a series of tough challenges in 2015, including the looming prospect of higher borrowing costs as they adapt to a new era of low prices for oil and other key commodities, resulting in a fourth consecutive ...
The Price of Oil Is About to Blow a Hole in Corporate Accounting
March 4th, 2015
There’s one place in the world where oil is still $95 a barrel. On paper. The U.S. Securities and Exchange Commission requires drillers to calculate the value of their oil reserves every year using average prices from the first ...
