Search Results for: oil price
Goldman Sachs says oil’s biggest problem could be over— and now crude is on a charge
May 16th, 2016
The price of oil is surging on Monday morning thanks to a production disruption in Nigeria, continued worries about the amount of crude Venezuela will be able to produce as the country’s economy continues to plunge deeper into crisis, ...
Asian Shares Retreat Amid Earnings as Yen Gains; Oil, Won Drop
May 13th, 2016
Aussie pressured as CBA forecasts two more rate cuts this year Crude slips from six-month high as copper slides in Shanghai Asian stocks fell, set for a third weekly loss, as lackluster corporate earnings gave little cause for cheer ...
Oil dips on record U.S. inventories; Canada output to improve soon
May 11th, 2016
Oil prices dipped on Wednesday as Canadian oil sand production was expected to gradually ramp up following forced closures due to wildfires, and as record crude inventories especially in the United States put pressure on markets. An ongoing fight ...
What Saudi Arabia’s decision to replace its once-influential oil minister really means
May 9th, 2016
Saudi Arabia’s decision to replace its once-influential oil minister is being viewed widely as the latest effort of Deputy Crown Prince Mohammed bin Salman to consolidate power and pursue what one analyst has called a “brutal battle for market access against ...
Markit acquires interest in commodities price reporting agency PRIMA
May 9th, 2016
Markit (Nasdaq: MRKT), a leading global provider of financial information services, today announced that it has acquired an interest in commodity markets research and price reporting agency PRIMA. Nathan Amery, head of commodities at Markit, said: “Commodities producers, traders ...
Oil Rises as Canadian Fires Spread, Saudi Oil Minister Replaced
May 9th, 2016
Canada wildfires cut oil-sands production by about 40%: IHS Ali al-Naimi succeeded by Al-Falih, head of state oil company Crude rose as expanding wildfires in Canada knocked out about 1 million barrels a day of output, and after Saudi Arabia ...
Stocks open higher as oil spikes
May 5th, 2016
U.S. stocks look set to get back on the winning track as equity prices opened higher Thursday, helped by a spike in oil prices caused by production outages in Canada due to wildfires. The Dow Jones industrial average kicks off trading ...
Oil jumps on Canadian wildfire, Libyan fighting
May 5th, 2016
Oil prices jumped on Thursday as a huge wildfire in Canada disrupted oil sands production, while escalating fighting in Libya threatened the North African nation’s output. International benchmark Brent crude futures were trading at $45.36 per barrel at 2.54 ...
Asian Stocks Fall With Won on Global Growth Woes; Oil Below $44
May 4th, 2016
Dollar gains after Fed officials say June rate hike possible Industrial metals retreat as sovereign bonds advance Asian stocks fell for a sixth day, their longest losing streak since February, as anxiety over the health of the global economy ...
Iran Outwitting Saudis on Oil, Bloomberg Says
April 25th, 2016
Iran’s oil exports are growing much more quickly than analysts predicted back in January when sanctions were eased. If the recovery continues at the recent pace, it could raise an interesting dilemma for OPEC’s top exporter Saudi Arabia at the ...
