Search Results for: OPEC

Oil Iraq refinery losses to refineries middle east crude oil IMF projection

Oil-exporting countries to take $500 billion hit in revenue loss this year: IMF

The loss is expected to widen from the actual revenue loss of $390 billion in 2015 due to falling crude oil prices.

Apr 25, 2016

IT companies Q4 results India Inc call center corporate earnings

IT jobs to drop 20% in FY17: Nasscom chief

Nasscom chairman C P Gurnani attributes the drop to IT companies automating processes.

Apr 22, 2016

Ecuadoreans in earthquake zone jostle for food, water

President Rafael Correa's socialist government said there was no lack of supplies, just problems with distribution that should be quickly resolved.

Apr 22, 2016

Oil: Three reasons why you should invest in oil companies despite Doha failure

Despite the Doha Opec meeting failing to freeze oil output, there are many reasons why oil prices can recover.

Apr 21, 2016

Crude oil prices fall as major producers hint at output hike

Russia said on Wednesday it was prepared to push oil production to historic highs, just days after a global deal to freeze output levels collapsed.

Apr 21, 2016

Crude prices dip as global glut outweighs Kuwait oil strike

Kuwait's oil output has dropped to 1.1 million barrels per day (bpd) from 2.8 million bpd due to the worker strike.

Apr 19, 2016

Oil prices tumble 5 percent after producers fail to coordinate output

International benchmark Brent crude futures were trading at $40.86 per barrel at 0029 GMT, down 5.2 percent since their last settlement.

Apr 18, 2016

Oil freeze deal faces trouble as Saudi-Iran tensions spike

Saudi Arabia said it wanted all OPEC members to participate in the talks, despite insisting on excluding Iran because Tehran had refused to freeze production.

Apr 17, 2016

Draft Doha agreement would freeze output until October

The freeze would last until October 1 as producers want to meet again in October in Russia to review their progress.

Apr 17, 2016

Oil falls as investors expect little from Doha meeting

All eyes are on Doha as producers meet on Sunday to discuss freezing output around current levels.

Apr 16, 2016

Oil falls as dark clouds appear ahead of producer meeting

Goldman Sachs said that productivity gains by U.S. shale producers were keeping alive its "deflationary outlook" for oil prices.

Apr 14, 2016

Oil prices rise in thin Asian trade after break

U.S. crude's front-month contract CLc1 was up 37 cents at 39.83 a barrel at 0055 GMT.

Mar 28, 2016

Crude oil falls for second day as US rig count rises

U.S. energy firms last week added one oil rig after 12 weeks of cuts, according to data by industry firm Baker Hughes.

Mar 21, 2016

Crude prices fall from 2016 highs as U.S. oil rig count rises

Brent crude LCOc1 finished down 34 cents, or 0.8 percent, at $41.20 a barrel, having risen $1 earlier to a 2016 high of $42.54.

Mar 19, 2016

Oil prices stable as market seen bottoming, but oversupply lingers

Morgan Stanley warned that a slowing economy and high production would prevent sharp rises.

Mar 14, 2016

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