Putin says economy under threat
With oil prices collapsing below 10-year lows, Russian President Vladimir Putin said one of the greatest threats to his country was an economic one. During his final address to Cabinet Continue Reading
Wind energy output ‘could power most Scots homes’
In six out of 12 months, wind generated enough power to supply more than 100 per cent of household needs, claims WWF Scotland. Picture: TSPL Wind power output hit record Continue Reading
U.S. crude oil prices drop over 2 percent as market loses faith in rebound
U.S. crude oil prices were down more than 2 percent in early trading on Monday as traders increasingly lose faith in a significant market recovery soon and bet on even Continue Reading
Oil Extends Slide From 11-Year Low Amid Signs of China Weakness
Oil extended declines from the lowest close in 11 years amid further signs of weakness in China, the world’s second-biggest crude consumer. Futures fell as much as 2.2 percent in Continue Reading
Oil Seen Heading to $20 by Morgan Stanley on Dollar Strength
A rapid appreciation of the U.S. dollar may send Brent oil to as low as $20 a barrel, according to Morgan Stanley. Oil is particularly leveraged to the dollar and Continue Reading
Hedge Funds Greet 2016 by Cutting Bullish Oil Bets to 5-Year Low
Money managers began the new year by reducing wagers on rising oil prices to the lowest level in more than five years. Oil tumbled in the first days of 2016 Continue Reading
In Saudi Aramco IPO, Global Refining Empire May Become the Prize
Investors hoping a Saudi Arabian Oil Co. IPO will provide a chance to buy a stake in the world’s largest crude producer may have to wait. The company says one Continue Reading
Arab League Statement Backs Saudi Arabia in Diplomatic Fight With Iran
The Arab League on Sunday backed Saudi Arabia in its continuing diplomatic spat with Iran, triggered by the kingdom’s execution of a dissident Shiite cleric , condemning Tehran for failing Continue Reading
Saudi Aramco: Bigger Oil, Bigger Trouble
“Big oil” is really a misnomer. It may not be for long. The largest energy company that investors can easily own is Exxon Mobil . XOM -2.02 % It is Continue Reading
Iran in Talks to Help Build Refinery in Spain
Iran is in talks to help build a refinery in Spain, an Iranian oil official told state media over the weekend, as it seeks to secure buyers for its oil Continue Reading