Low oil prices having a chilling effect on Alaska’s economy
Alaska has long been a bastion of the US’ oil production, even giving dividend checks to residents from oil revenues. But oil price woes are having a major effect on Continue Reading
Ruble Drops Most Globally as Gains Unravel on Failed Oil Talks
The ruble fell the most worldwide and Russian government bonds headed for the biggest drop in two months as oil plunged after weekend talks between crude producers brought no deal Continue Reading
Oil Slips While All Eyes Are On Doha
When looking at some of the key figures for the oil and gas industry this week, in which we see that oil prices have lost some of their gains and Continue Reading
Oil Slides Ahead of High-Stakes Meeting – WSJ
Oil prices posted their largest slide in nearly two weeks on doubts that major producers can agree on supply curbs when they meet over the weekend. Three straight days of Continue Reading
Oil Falls Before Doha as Global Markets Brace for Weekend Risk
Oil fell for a third day before major suppliers meet in Doha to discuss an output freeze, sending bonds higher and leaving European stocks little changed, with investors wary of Continue Reading
Oil falls as investors expect little from Doha meeting
Oil prices fell on Friday in subdued trade as traders and analysts anticipate a weekend meeting of major oil exporters to do little to help to clear global oversupply quickly, Continue Reading
Are We On The Right Track To An Oil Price Recovery?
Oil prices have increased 60 percent since late January. Is this an oil-price recovery? Two previous price rallies ended badly because they had little basis in market-balance fundamentals. The current Continue Reading
Saudi Prince Reiterates Oil Freeze Depends on Others Joining
Saudi Arabia won’t restrain its oil production unless other producers, including Iran, agree to freeze output at a meeting this weekend in Doha, the kingdom’s deputy crown prince said. The Continue Reading
Iran insists it will not be party to any freeze, as Zanganeh to skip Doha meeting
Iranian oil minister Bijan Zanganeh will not attend Sunday’s high profile gathering of OPEC and major non-OPEC producers in Doha, given that Iran has no intention of participating in any Continue Reading
Why the Saudis Want a Deal in Doha
Perhaps the biggest discussion in the oil industry right now is whether Saudi Arabia and other members of OPEC will freeze production or not. That’s a topic of major interest Continue Reading