Posts Tagged

OPEC

Petroleum and oil prices business
Business Headlines

published Jun 8th 2017, 6:01 pm, by Javier Blas and Grant Smith (Bloomberg) — Qatar and Saudi Arabia square off in a major diplomatic feud. Suicide bombers strike at the heart of the Iranian capital. Kurdistan moves toward independence, and war rages on in Syria and Yemen. And in the

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Business Headlines

published Apr 19th 2017, 12:03 pm, by Liam Denning (Bloomberg Gadfly) —The most striking aspect of the energy sector in recent weeks has been an all-round lack of confidence. Relative to the wider market, the E&P sector’s performance this month looks even worse given that the S&P 500 is essentially

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Oil barrels on the price chart background
Business Headlines

published Mar 14th 2017, 3:30 pm, by Robert Burgess (Bloomberg View) — Once again, global markets were paced by oil. Crude slumped for a seventh straight day to trade below $48 a barrel at one point, dragged lower this time by reports that Saudi Arabia raised its production back above

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Business Success Growth Chart
Business Headlines

published Feb 21st 2017, 6:36 pm, by Adam Haigh (Bloomberg) — Bulls relinquished some of their grip on stocks as a global rally stalled in Asia and the yen strengthened. Japan’s Topix index briefly erased an early gain as the yen climbed, with equities in Sydney lower and Seoul’s Kospi

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Oil Price
Business Headlines

published Jan 25th 2017, 2:23 pm, by Mark Shenk (Bloomberg) —Oil declined after a U.S. government report showed crude and fuel inventories increased. Futures fell 0.8 percent in New York. Crude supplies  rose 2.84 million barrels in the week ended Jan. 20, the Energy Information Administration said. Gasoline stockpiles climbed a fourth

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Oil-Bust Veterans Brace For Storm Unseen By Shale-Boom Neophytes
Business Headlines

published Jan 16th 2017, 1:08 pm, by Robert Tuttle and Grant Smith (Bloomberg) —Oil rose in New York after Saudi Arabia’s energy minister said OPEC probably won’t need to extend its supply cuts beyond June as the market reaches a balance. Futures rose 0.5 percent in New York after losing

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Commodity
Business Headlines

published Jan 12th 2017, 3:06 pm, by Jeremy Herron (Bloomberg) —Treasuries climbed, while the dollar slumped with U.S. stocks on speculation post-election market moves went too far, with investors awaiting corporate earnings and fresh economic data for clues on the economy’s strength. Selling in the dollar and equities eased in

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saudiarabian
Business Headlines

published Jan 5th 2017, 2:56 pm, by Mark Shenk (Bloomberg) —Oil rose as Saudi Arabia was said to meet its pledged output cut this month and U.S. stockpiles fell the most in almost four months. The kingdom is going for full compliance with OPEC cuts so other countries do the

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Business Headlines

published Dec 23rd 2016, 5:37 am, by Ilya Arkhipov and Stepan Kravchenko (Bloomberg) —President Vladimir Putin said Russia’s economy is returning to growth and there are signs that real wages are improving as the country emerges from its longest recession this century. While “of course” economic difficulties remain, a “positive

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Petroleum and oil prices business
Business Headlines

published Dec 15th 2016, 3:51 pm, by Mark Shenk (Bloomberg) —Oil settled near $51 a barrel in New York as Kuwait was said to make bigger supply cuts to U.S. and European customers. Crude pared losses after earlier falling 2.1 percent as the dollar advanced after the Federal Reserve raised

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