All publications by tag «PRICES»
OPEC Says Output Fell Sharply Amid Saudi Arabia Reduction
Investment in US shale oilfields will fall by a tenth next year – and result in a decline in production – if the oil price continues to trade around $80 a barrel, the world’s energy watchdog has warned.
Oil tumbles to four-year low below $79, awaits OPEC
Africa oil industry refocuses priorities as price falls and setbacks bedevil groups
With less than three weeks to go before OPEC meets in Vienna and the selloff in oil showing few signs of letting up, speculation is mounting the group will take action to try to stem the decline.
A growing list of delayed or cancelled projects, seen by some investors as a healthy move by majors to rein in capital spend after a poor history of returns is working its way through corporate earnings; it has already pummelled the share price of some European suppliers seen as financially fragile.
West Texas Intermediate and Brent oils increased after U.S. employment gains exceeded 200,000 for a ninth month and the jobless rate dropped to a six-year low, bolstering the fuel demand outlook.
Egypt received $10.6 billion in aid from Gulf states in the last fiscal year
Transocean Ltd. (RIG), owner of the biggest fleet of deep-water drilling rigs, is feeling the effect of an industrywide glut in the expensive vessels just as crude-oil prices tumble.
OPEC Head Tells Oil Market to Stop Panicking About Prices