Posts Tagged

OPEC

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

Read More
saudiarabian
Business Headlines

published Dec 11th 2016, 1:56 pm, by Javier Blas, Elena Mazneva and Angelina Rascouet (Bloomberg) —Saudi Oil Minister Khalid al-Falih emerged from the OPEC meeting room on Saturday evening having endured months of secret petro-diplomacy, late-night phone calls and, a few times, disagreements that almost saw talks collapse. But he

Read More
BLM_HR_JPEG.223769504
Business Headlines

published Sep 15th 2016, 5:56 pm, by Perry Williams (Bloomberg) — Oil headed for a weekly loss on speculation a global crude glut will persist as disrupted supply returns and demand growth slows. Futures fell 0.7 percent in New York, extending a weekly decline to 5 percent. OPEC members Libya

Read More
Oil Price
Business Headlines

published Aug 18th 2016, 6:01 pm, by Wael Mahdi and Javier Blas (Bloomberg) — Saudi Arabia raised its combined crude oil and refined-product exports to 8.83 million barrels a day in June, the highest on record for that month and the latest sign of the expansion of the kingdom’s share

Read More
Oil fall and barrels dropping as a concept for faling fuel and gas prices as liquid black crude petroleum splashing for declining prices in fossil energy due to market oversupply and overproduction.
Business Headlines

published Jun 2nd 2016, 9:55 pm, by David Fickling (Bloomberg) — There are two sides to every story, and that’s rarely more true than in commodity markets. If you look just at the supply side of the equation, it’s hard to comprehend traders’ mild reaction to another OPEC meeting concluding

Read More
Oil pumps on dollar banknotes. Conceptual 3D illustration.
Business Headlines

©2016 Bloomberg News O41FLP6S972G (Bloomberg) — The top of the oil market may be closer than you think. With Brent futures having bounced back to $40 a barrel, the International Energy Agency sees “light at the end of the tunnel,” and Goldman Sachs Group Inc. is spotting “green shoots.” Even

Read More
bigstock-overall-view-of-oil-and-gas-in-40615705
Business Headlines

©2016 Bloomberg News O2NZG96JIJV8 (Bloomberg) — Saudi Arabia and Russia have taken the first step to stem the slide in oil prices. There’s just one problem: If they are successful — and that’s a big if — the wildcatters of Texas, Oklahoma and North Dakota are waiting to pounce. With

Read More
the price of oil rising up - Oil wells - oil pumps on sky background with red arrow
Business Headlines

©2016 Bloomberg News O27FP86TTDS1 (Bloomberg) — Oil traded near $31 a barrel as Saudi Arabia said it held “successful” talks with Venezuela about cooperating to stabilize the market, without elaborating on the steps required to shore up prices. Futures were little changed in New York after falling 8.1 percent last

Read More
Oil and Dollar
Business Headlines

©2015 Bloomberg News NZS1N66VDKHT (Bloomberg) — If oil’s slump to an 11-year low stung traders, it’s just a taste of the hardship felt by the industry. Brent’s plunge to $35.98 a barrel on Tuesday, its weakest intraday level since 2004, was probably painful enough for any remaining oil bulls. But that

Read More
bigstock-OPEC-Countries-77108321
Business Headlines

©2015 Bloomberg News NZ6AHO6JTSEB (Bloomberg) — Oil headed for the biggest weekly decline since March amid speculation OPEC’s decision to effectively scrap production targets will keep the market oversupplied. Futures fell as much as 0.9 percent in New York and have dropped 8.8 percent this week. Prices are down for

Read More