Search Results for: oil
Oil surges on Saudi Arabia, Iran tensions
January 4th, 2016
Oil prices surged during the start of 2016 trading as relations between top crude producers Saudi Arabia and Iran deteriorated, raising concerns about potential supply disruptions, though weak Asian manufacturing data kept a lid on bullish expectations. Saudi Arabia, ...
Analysts see 2016 oil price rise, while traders bet on fall
December 31st, 2015
A year ago, after oil prices had halved in six months, analysts were forecasting a price recovery in 2015 while many traders were busy shorting the market. As it turned out, the traders were correct and oil prices fell ...
Not Even OPEC Can Fix Oil Glut
December 30th, 2015
Surprisingly strong crude output in the U.S. and Mideast over the past year pushed oil prices to their lowest levels in more than a decade. But for investors trying to determine whether the oil market is close to a ...
Crude oil prices drop toward $37 as weak outlook prevails
December 30th, 2015
Crude oil futures slipped toward $37 per barrel on Wednesday as the market remained under pressure due to slowing demand and high supplies, while forecasts that a cold snap in Europe and the United States would be short-lived also ...
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 ...
Saudi Arabia Set to Announce 2016 Budget Amid Oil Plunge
December 28th, 2015
Budget is 1st under King Salman, may see capital spending cut Kingdom may post a budget deficit of 20% of GDP this year Saudi Arabia, seeking to cope with the lowest oil prices in more than a decade, may ...
Deloitte: 2016 outlook on the oil and gas industry
December 28th, 2015
Prices continued to drop in the oil and gas industry in 2015. In less than a year, upstream oil and gas companies faced a 50% drop in revenues. Looking ahead to 2016, Deloitte sees positive developments that could help ...
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 ...
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 ...
