2016, December, 16, 18:55:00WORLD ECONOMY OPTIMISM
But for all the talk of trade barriers, oil prices rising on supply cuts, and planned U.S. tax cuts and infrastructure spending, the global inflation outlook hasn't changed much, even if the Fed is sounding more worried about it.
2016, December, 16, 18:45:00U.S. DEFICIT: $113 BLN
The U.S. current account deficit decreased to $113.0 billion (preliminary) in the third quarter of 2016 from $118.3 billion (revised) in the second quarter of 2016, according to statistics released by the Bureau of Economic Analysis (BEA). The deficit decreased to 2.4 percent of current-dollar gross domestic product (GDP) from 2.6 percent in the second quarter.
2016, December, 15, 18:50:00UPSTREAM'S EARNINGS UP
Oil production companies recorded positive earnings from their upstream (exploration and production) operations in the third quarter of 2016 for the first time since the fourth quarter of 2014.
2016, December, 15, 18:45:00GAZPROM - OMV AGREEMENT
Alexey Miller, Chairman of the Gazprom Management Committee, and Rainer Seele, Chairman of the OMV Executive Board, signed the Basic Agreement regarding the asset swap. The signing ceremony took place in the presence of Hans Jörg Schelling, Minister of Finance of the Republic of Austria, and Anatoly Yanovsky, Deputy Minister of Energy of Russia.
2016, December, 12, 18:40:00ROSNEFT SUCCESSFUL DEAL
Rosneft Board of Directors has approved a strategic cooperation agreement with Qatar Investment Authority and Glencore, providing for further cooperation in upstream projects, logistics and global trading.
2016, December, 9, 18:45:00RUSSIA SANCTIONS FOREVER
The U.S. government is to check if sanctions where violated when Russia this week struck a deal to sell a stake in oil producer Rosneft to a consortium of Qatar's sovereign fund and commodities trader Glencore, the White House said.
2016, December, 8, 18:35:00ROSNEFT SOLD: €10.5 BLN
Glencore and the sovereign wealth fund of Qatar are to take a 19.5 per cent stake in Russian oil company Rosneft in a surprise €10.5bn deal
2016, December, 7, 18:40:00U.S. DEFICIT: $42.6 BLN
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce, announced today that the goods and services deficit was $42.6 billion in October, up $6.4 billion from $36.2 billion in September.
2016, December, 6, 18:50:00THE HOPE OF RUSSIA'S ECONOMY
Russia has also benefited this year from oil's price stabilization and a recent deal between major crude producers to curb output has raised expectations of higher prices next year. The central bank has a medium-term oil price forecast of $40 a barrel.
2016, December, 2, 18:55:00U.S. OIL BENEFITS
Shares in US oil companies soared on Wednesday as Opec ministers meeting in Vienna agreed a plan to cut output by 1.2m barrels per day. “The biggest beneficiaries from this Opec move are the US shale players,” said Mike Kelly, head of exploration and production company research at Seaport Global Securities.
2016, November, 30, 18:50:00IMF: EXTERNAL RISKS FOR RUSSIA
The expected fiscal consolidation and the subdued nature of the recovery are putting in place the conditions for the central bank to resume, in due course, monetary policy easing in a manner consistent with the 4 percent inflation target. However, the pace of easing should take into account the presence of external risks and the need to build credibility under the newly introduced inflation targeting regime.
2016, November, 30, 18:45:00OIL INVESTMENT: -$1.99 TLN + $630 BLN
Oil companies around the world have together added $630 billion to their market value this year, the biggest gain in six years following a 30 percent rise in benchmark Brent crude. This follows a $1.2 trillion loss in value last year and $790 billion in 2014 as crude prices plunged.
2016, November, 28, 18:40:00NIGERIAN OIL CRISIS
“Security and access to funding are the biggest challenges right now to private sector players,” says Kola Karim, managing director of domestic producer Shoreline Energy. “The situation is really tough.”
2016, November, 23, 18:35:00IMF WANTS PEMEX
A particularly important aspect of this consolidation pertains to reforms in PEMEX, the state-owned oil company. Earlier this month, PEMEX released a five-year business plan that aims at turning the company profitable by 2020, through efficiency improvements and a focus on high-return activities.
2016, November, 22, 18:45:00IMF: UKRAINIAN CORRUPTION
Decisive steps particularly need to be taken to fight corruption, which remains the most frequently mentioned obstacle to doing business in Ukraine.