Banks Rip Up Oil Forecasts
Want to know how much further oil prices might fall? Don’t ask Wall Street. Analysts at big banks have been scrambling to lower their oil-market forecasts after prices plunged to Continue Reading
Baker Hughes Warns Global Rig Count Could Fall 30% in 2016
Oilfield services provider Baker Hughes Inc, which is being acquired by larger rival Halliburton Inc, said it expected global rig count to decline by as much as 30 percent in Continue Reading
Why Goldman Sachs Says $30 Oil Isn’t Proof of Weak Demand
Oil’s collapse to $27 a barrel last week spurred concern that, on top of the existing oversupply, the market is facing a demand crisis. Goldman Sachs Group Inc. thinks that’s Continue Reading
Starvation Spreads Before Syria Peace Talks
In the rebel-held Damascus suburb of Moadhamiya, residents say a renewed Syrian government siege there and bombardment of the neighboring town of Daraya have cut off the last food-smuggling routes, Continue Reading
Exclusive: Iran crude exports hit two-year high, up more than 20 percent for Jan-Feb
Iran’s oil exports are on set to rise more than a fifth in January and February from last year’s daily average, data from a source with knowledge of its loading Continue Reading
Iranian Oil Shipper Hopes to Make Up for Lost Time as Sanctions End
Until 2012, the leaders of the National Iranian Tanker Company relished their work, playing cat and mouse with the Western authorities as they tried to keep a portion of their Continue Reading
Once fixable, Baiji refinery plundered beyond repair
It once provided half of Iraq’s refined fuel, but now the Baiji refinery is gone. The country’s largest oil refinery was damaged significantly in scores of attacks by the self-proclaimed Continue Reading
Syria peace talks derailed as opposition stays away
The Syrian opposition said it will not attend peace talks due to begin in Geneva on Friday, derailing the first attempt in two years to hold negotiations aimed at ending Continue Reading
PetroChina Expects 2015 Profit to Fall as Much as 70% on Oil Slump
PetroChina Co., the country’s biggest oil and gas producer, expects its 2015 profit to have fallen 60 percent to 70 percent from a year earlier because of the slump in Continue Reading
Hundreds of Billions of Dollars Have Fled China. Now What?
For lovers of dramatic numbers, China has long been a gift. The flood of cash leaving the country has produced another impressive statistic: We are witnessing the greatest episode of Continue Reading