RUS | ENG | All
Enter the email or login, that you used for registration.
If you do not remember your password, simply leave this field blank and you will receive a new, along with a link to activate.

Not registered yet?
Welcome!

Finance

Finance
2016, January, 15, 20:05:00
OIL COMPANIES ROUT
“Companies have to be prudent in the face of what’s happening,” says Daniel Yergin, vice-chairman of consultancy IHS. “It’s a wrenching period for the industry.”
Finance
2016, January, 15, 19:55:00
IRAN NEEDS $20 BLN
Iran needs $20bn to develop the remaining phases of the South Pars gas field, energy minister Bijan Namdar Zanganeh said
Finance
2016, January, 15, 19:45:00
BP CUTS JOBS 5%
Oil companies including Royal Dutch Shell and Chevron have already slashed tens of thousands jobs globally to deal with a near 75 percent drop in oil prices since June 2014 that has seen earnings collapse.
Finance
2016, January, 10, 18:25:00
RUSSIAN OIL CHRISTMAS
Crude's collapse from $100 a barrel since mid-2014 has already pummeled Russia, which relies on energy for about half its budget revenues and 40 percent of its exports. The latest slide compounds the problems facing President Vladimir Putin ahead of elections in 2018.
Finance
2016, January, 10, 18:20:00
CHINA WILL GROW SLOWLY
"We are certain the Chinese economy will grow only slowly and that the yuan will depreciate in 2016," said a senior trader with a Shanghai-based fund. "The biggest uncertainty we have is how much the yuan will depreciate, which could revalue metals in China and affect our bets."
Finance
2016, January, 10, 18:05:00
SAUDI'S IPO PLAN
The IPO proposal is consistent with the broader direction of economic reform in the kingdom, including state asset sales and market deregulation, Aramco said. Bringing in investors would also strengthen the company’s focus on long-term growth and the prudent management of its reserves, according to the statement.
Finance
2016, January, 10, 17:55:00
OIL SERVICE'S CAP
Even if E&P clients are able to negotiate more favorable terms for their debt, the industry’s overextended balance sheets will put a cap on activity — even if oil prices rise. On the producer side, companies will most likely de-lever before they drill should some extra cash come in the door. For OFS, building all the new equipment such as walking rigs and big frac spreads to meet strong client demand has some players in this sector significantly over-levered.
Finance
2016, January, 7, 21:00:00
OIL PRICES: M&A DOWN
More than $60 billion in unsolicited corporate takeover bids during 2015 were rejected, causing deal value to drop to a 10-year low. Aside from the Shell-BG deal, there were no corporate takeovers exceeding $5 billion. Fewer than 10 asset deals valued at greater than $1 billion occurred, following more than 30 annually during each of the previous 2 years.
Finance
2016, January, 7, 20:55:00
OIL PRICES: U.S. SHAKEN
Dow e-minis were down 380 points, or 2.26 percent, with 99,258 contracts changing hands at 8:13 a.m. ET (1313 GMT). S&P 500 e-minis were down 45 points, or 2.27 percent, with 578,860 contracts traded. Nasdaq 100 e-minis were down 130.25 points, or 2.93 percent, on volume of 108,831 contracts.
Finance
2016, January, 5, 17:05:00
2016: THE NEXT GLOBAL RECESSION
West Texas Intermediate crude for February delivery declined to $36.58 a barrel on the New York Mercantile Exchange, after falling 0.8 percent Monday. U.S. crude inventories are forecast to keep supplies more than 130 million barrels above the five-year seasonal average, according to a Bloomberg survey before government data Wednesday.
Finance
2016, January, 5, 17:00:00
2016: OIL & GAS INVESTMENTS DOWN TO $522 BLN
While tens of thousands of jobs have already been cut in 2015, more redundancies are expected this year as companies narrow their focus.
Finance
2016, January, 5, 16:55:00
2016: OIL RISKS & SPENDING
Moody’s last month also projected average prices of West Texas Intermediate crude at $40/bbl in 2016, $45/bbl in 2017, and $50/bbl in 2018. The 2016 price is down $8/bbl from the firm’s earlier forecast.
Finance
2016, January, 5, 16:40:00
SAUDI'S RESTRICTIONS UP
The changes come at a difficult time for the Saudi kingdom, which is still adjusting to last year's leadership transition while also facing pressure from regional rivals like Iran.
Finance
2016, January, 5, 16:30:00
DRAMATIC U.S. OIL
With no growth and no profits, the US exploration and production industry is facing a gruelling year. The gap between strong and weak companies is likely to widen. Those that have lower-cost production and healthier balance sheets should be able to stay in business. Those that have good assets but big debts may have to sell their most valuable properties. Those that have neither attractive assets nor strong finances will be heading for bankruptcy.
Finance
2015, January, 4, 21:35:00
RUSSIAN LNG INVESTMENTS UP
Russia announced state aid for a major energy project on Wednesday under a drive to shore up strategic firms as well as public faith in its banking system during an economic crisis deepened by Western sanctions.