All publications by tag «PRICE»
2016, May, 16, 20:40:00
RUSSIA WILL RAISE
Several Russian officials say the government is considering raising income-tax levels and increasing value-added tax but that any changes would only take place after 2018—a presidential election year.
2016, May, 16, 20:35:00
MAJORS INVESTMENTS
“Markets fluctuate, but we know that science does not. You have to be patient. The cycle from discovery to deployment can take decades.”
2016, May, 16, 20:30:00
SAUDI WITHOUT REFORMS
Without any of those reforms, Saudi Arabia’s financial troubles would continue to intensify.
2016, May, 15, 11:25:00
OIL DEMAND UP
The Paris-based agency said global oil stocks will experience a “dramatic reduction” in the second half of the year, but also warned that they will continue to increase in the first half of the year as Iran ramps up its production, adding to the nearly two years of oversupply.
2016, May, 15, 11:20:00
OIL PRICES UP TO $47
The July crude oil contract on the New York Mercantile Exchange gained $1.66 to $47.01/bbl.The Brent crude contract for July on London’s ICE jumped $2.08 to $47.60/bbl. The August contract climbed $2.02 to $48.03/bbl.
2016, May, 15, 11:10:00
OIL MARKET BALANCE
Changes to the data in this month’s confirm the direction of travel of the oil market towards balance. The net result of our changes to demand and supply data is that we expect to see global oil stocks increase by 1.3 million b/d in the first half of 2016 followed by a dramatic reduction in the second half of 2016 to 200,000 b/d.
2016, May, 15, 11:05:00
SAUDI'S REALITY
Saudi Arabia is going through one of the most difficult periods in its modern history. Oil prices have dropped from a July 2014 high of $115 per barrel to less than $30 per barrel in January this year. The country is surrounded by failed states: Iraq, Libya, Yemen, Syria and, arguably, Lebanon. It has a demographic bulge of ambitious, but exceedingly frustrated, young men and women whose expectations differ dramatically from those of their parents. And it faces an emboldened Iran eager to interfere in the affairs of Arab countries, and with the financial wherewithal to do so, via proxy armed militia.
2016, May, 12, 20:25:00
OIL PRICES: 2016: $41; 2017: $51
Brent crude oil prices are forecast to average $41/b in 2016 and $51/b in 2017.
2016, May, 10, 18:40:00
KILLING OPEC
Internal differences are killing OPEC and its ability to influence the markets has all but evaporated, top Russian oil executive Igor Sechin told Reuters in some of his harshest remarks ever about the oil cartel.
2016, May, 10, 18:35:00
OIL PRICES UPDOWN
After jumping more than 2% as the markets opened with Asian trading Sunday night, both major contracts fell as reports emerged that the threat from the fires was diminishing, at least for the moment.