Global stocks sold off sharply on the first trading day of 2016 following fresh signs of an economic slowdown in China. Weaker-than-expected manufacturing data and a falling currency triggered declines Continue Reading
Chinese shares plunged on the first trading session of the new year, with the Shenzhen market suffering its worst day in nine years and the blue-chip CSI 300 index slumping Continue Reading
Large and medium-sized Chinese steel mills reported losses of 53.1 billion yuan (nearly $8.2 billion) during the first 11 months of 2015, the China Iron and Steel Association said, Xinhua Continue Reading
U.S. “stripper well” operators, the nation’s smallest oil producers seen as most likely to succumb to the crude price slump, are hanging in tough, reducing the chances of near-term production Continue Reading
The worst fears of OPEC and Asian gas exporters are about to come true. U.S. shale drillers who pushed domestic crude production to a 45-year high and unlocked record amounts Continue Reading
Drivers may pay even less at the pump in 2016. AAA, which compiles gas price information from around the country, is projecting that gas prices will stay lower in the Continue Reading
The slump in global oil prices could hit bottom in early 2016 although prices are likely to remain low for the next couple of years, BP ( BP.L ) Chief Continue Reading
Leading lawmakers, including supporters of President Barack Obama ’s nuclear deal with Iran, rapped the White House for delaying fresh sanctions on Tehran over its missile program , warning that Continue Reading
A series of Iranian officials vowed on Friday to expand Tehran’s missile capabilities, a challenge to the United States which has threatened to impose new sanctions even as the vast Continue Reading
Iraq said it exported 1.097 billion barrels of oil in 2015, generating $49.079 billion from sales, according to the oil ministry. It sold 99.7 million barrels of oil in December, Continue Reading
Saudi Arabia executed 47 people on Saturday for terrorism it said, an apparent message to both Sunni Muslim jihadists and Shi’ite anti-government protesters that the conservative Islamic kingdom will brook Continue Reading
The latest developments following Saudi Arabia’s execution of 47 people, including a prominent opposition Shiite cleric who had rallied demonstrations in the kingdom (All times local). 2:25 p.m. Saudi Arabia’s Continue Reading
Venezuela’s state oil company is temporarily halting natural-gas exports across the border to Colombia, citing climate factors and the need to generate electricity, the Colombian government said Friday. Petróleos de Continue Reading
China had one of the best-performing stock markets in the world in 2015. Yet it was a dismal year for Chinese markets. Chinese stocks suffered an unprecedented summer crash that Continue Reading
China’s economy started the year with more bad news as official data showed that the manufacturing sector shrank for a fifth straight month in December. That will increase pressure on Continue Reading
Residents of southern states along the Mississippi River are bracing for the flooding that has swamped communities from the Ohio River Valley to eastern Oklahoma over the last week, causing Continue Reading
Russia’s crude output set another post-Soviet record in December, a sign that the nation’s producers are withstanding the slump in oil prices, according to Energy Ministry data. The country’s crude Continue Reading
Oil prices capped a second year as one of the worst-performing commodities, as a global glut of crude continued to weigh on the market. After plunging from more than $100 Continue Reading
OPEC crude output was steady this month as the 12-member group abandoned its usual production target. The Organization of Petroleum Exporting Countries increased production by 18,000 barrels to 32.139 million Continue Reading
Oil prices headed for a second year of steep losses, despite inching up fractionally in the last trading hours of 2015, as record OPEC supply created an unprecedented global glut Continue Reading
There has been no lack of disasters taking place in 2015. Some can be classified as “natural” others as human caused. In all cases, anyway, they are an indication of Continue Reading
Oil prices headed for a second year of steep losses, despite inching up fractionally in the last trading hours of 2015, as record OPEC supply created an unprecedented global glut Continue Reading
A year ago, after oil prices had halved in six months, analysts were forecasting a price recovery in 2015 while many traders were busy shorting the market. As it turned Continue Reading
President Hassan Rouhani ordered his defense minister on Thursday to expand Iran’s missile program, in defiance of a U.S. threat to impose sanctions over a ballistic missile test Iran carried Continue Reading
Iranian President Hassan Rouhani ordered his defense minister to expedite development of the country’s ballistic missile program in response to new U.S. sanctions set to be imposed on Iranian defense Continue Reading
A major Turkish military operation to eradicate Kurdish militants in Turkey ’s restive southeast has turned dozens of urban districts into bloody battlefields, displacing hundreds of thousands of civilians and Continue Reading
A Russian ship-building company has signed a contract with an Iranian firm to construct oil rigs for the Iranian side in the Persian Gulf, Press TV reported on Wednesday. Russian Continue Reading
The White House has delayed its plan to impose new financial sanctions on Iran for its ballistic missile program, according to U.S. officials, amid growing tensions with Iran over the Continue Reading
Violence has claimed the lives of 980 Iraqis in December, up from 888 the previous month, the United Nations said on Friday. The U.N. Assistance Mission for Iraq, known as Continue Reading
China looked set for a soggy start to 2016 after activity in the manufacturing sector contracted for a fifth straight month in December, suggesting the government may have to step Continue Reading
A decade-old commodity boom came crashing to an end in 2015, hurting energy and mining companies as China’s industrial rise and appetite for raw materials slowed. The outlook for 2016 Continue Reading
China’s economy started the year with more bad news as official data showed that the manufacturing sector shrank for a fifth straight month in December. That will increase pressure on Continue Reading
China’s factory activity picked up a bit in December but remained in contraction as downward pressure persisted in the manufacturing sector, official data showed Friday. China’s manufacturing purchasing managers’ index Continue Reading
Oil explorers shut down more rigs in U.S. fields to finish out the worst year for drilling cutbacks in almost three decades. Rigs targeting crude in the U.S. fell by Continue Reading
U.S. drivers saved a bunch of money on gasoline this past year, as Saudi Arabia and other OPEC members kept the pumps going in the face of low oil prices. Continue Reading
Bakken Rig Count Falls Due to the holiday, we are releasing the weekly rig count post early. The Bakken-Three Forks rig count fell by three this week landing at 54 Continue Reading
Cheniere Energy Inc. began production at what will become the first terminal to export natural gas from America’s shale formations, according to ING Capital LLC, which helped finance the project. Continue Reading
What is going on with the weather? With tornado outbreaks in the South, Christmas temperatures that sent trees into bloom in Central Park, drought in parts of Africa and historic Continue Reading
