crude oil

Oil Prices Tumble as Trump Pulls Ahead in Close U.S. Election

By Henning Gloystein SINGAPORE, Nov 9 – Oil prices tumbled on Wednesday as vote counting showed Republican Donald Trump edging ahead in an unexpectedly tight U.S. presidential election, setting world markets on edge. Crude futures markets roared into action as Trump surprised by defeating Democrat Hillary Clinton in a series of key contests and opening

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Oil Producers Defer the Inevitable

OPEC’s approach is similar to the Fed’s rate hike strategy By Noureldeen Al Hammoury  Throughout 2015, global markets swung back and forth as analysts waited for the U.S. Federal Reserve to implement a rate hike. The much awaited decision in spring was rolled over and then moved again till December when the hike was finally

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Saudi-Iran Tensions Scupper Deal to Freeze Oil Output

By Rania El Gamal and Reem Shamseddine DOHA, April 18 – A deal to freeze oil output by OPEC and non-OPEC producers fell apart on Sunday after Saudi Arabia demanded that Iran join in despite calls on Riyadh to save the agreement and help prop up crude prices. The development will revive oil industry fears

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Iran Plays Hardball with European Oil Buyers, Slowing Exports

By Dmitry Zhdannikov and Alex Lawler LONDON, March 9  – Iran has managed to sell only modest volumes of oil to Europe since the lifting of sanctions seven weeks ago and several former buyers are staying away, citing legal complications and Tehran’s reluctance to sweeten terms to win back customers. Tehran had been unable to

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Oil’s Squeeze Spreads From Gulf States To Banks

By David French and Tom Finn DUBAI/DOHA, March 6 – Low oil prices are forcing Gulf states to borrow to prop up their economies and are now taking their toll on the region’s banks too, complicating their efforts to raise capital required by regulators. The impact of crude’s fall from more than $100 to below

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U.S. Data Ruins New Year Eve’s Rally

January may not be positive if U.S. data further slips BY NOURELDEEN AL HAMMOURY Despite a positive rally for Crude Oil in the final hours of the last trading session in 2015, where WTI Crude closed higher with a 1.20 percent gain and Brent added a little over 2.25 percent in gains, U.S. and global

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Big Oil to Cut Investment Again in 2016

By Karolin Schaps and Ron Bousso LONDON, Jan 3  – With crude prices at 11-year lows, the world’s biggest oil and gas producers are facing their longest period of investment cuts in decades, but are expected to borrow more to preserve the dividends demanded by investors. At around $37 a barrel, crude prices are well

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Paris Attacks Reverse Global Market Losses

LONDON, Nov. 16 – European shares reversed early losses on Monday and the safe-haven yen fell against the dollar with no long-term economic impact seen from Friday’s attack in Paris. Asian shares hit six-week lows as investors bought into traditionally safe investments, including gold, the yen and low-risk government debt. However, gold came off session

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