Tag archive for ‘oil’
By subhadip On Monday, February 13th, 2017
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Oil has strengthened, but Singapore banks not out of the woods yet

Stronger global oil prices have yet to benefit the offshore marine sector, whose continued troubles are expected to dominate the narrative this week when Singapore’s three largest banks release their earnings More...

By subhadip On Monday, January 9th, 2017
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Oil down 3 percent on concerns over rising Iraqi exports, U.S. output

Oil prices tumbled by 3 percent on Monday on concern that record Iraqi crude exports and rising U.S. output would undermine OPEC’s efforts to curb global oversupply. U.S. crude futures CLc1 were trading at More...

By subhadip On Monday, January 9th, 2017
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Banks, oil stocks weigh on Wall St., keep Dow from 20,000

The Dow Jones Industrial Average declined on Monday, retreating from the historic 20,000 mark, weighed down by banks and energy companies, while a gain in technology stocks kept the Nasdaq afloat. Of its 30 components, More...

By subhadip On Thursday, January 5th, 2017
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Oil turns up as focus shifts to pledge to cut production over build in stocks

Oil futures on Thursday traded higher, after seesawing throughout much of the session, as investors wrestled with U.S. government data that revealed a drop in weekly crude supplies, but a larger-than-hoped jump More...

By subhadip On Tuesday, January 3rd, 2017
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Dollar, stocks up on upbeat data; oil falls

The U.S. dollar touched a 14-year high boosted by strong data, while upbeat figures out of China and Europe lifted debt yields and major stock markets got off to a higher start in the new year. Crude oil gave up More...

By subhadip On Monday, December 12th, 2016
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UK petrol prices could rise by 3p a litre after Opec oil deal

Households face further pressure from rising inflation as experts predicted a surge in petrol prices following an agreement by oil producers to cut global output. The cost of petrol is close to rising above £1.20 More...

By subhadip On Monday, December 12th, 2016
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Oil prices jump on new output deal

Oil prices have surged after oil producing countries that are not Opec members agreed to cut output. Brent crude jumped to $57.89 a barrel – the highest since July 2015 – before falling back to $56.55, More...

By subhadip On Monday, December 5th, 2016
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What’s so bad about taking sponsorship money from Big Oil?

Even if you didn’t glimpse the BP-branded sea monster that invaded the British Museum during a protest in September, and managed to avoid a naked man being slathered with oil at Tate Britain, you’re unlikely More...

By subhadip On Thursday, December 1st, 2016
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Oil prices rise further after Opec agrees output cut

Oil prices have risen further following Wednesday’s agreement by the Opec group of oil producing nations to cut output. The price of Brent crude rose 4.5% to $54.19 a barrel, its highest level this year, More...

By subhadip On Monday, March 14th, 2016
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Oil price ‘may have bottomed out’

Lower oil output in the US will help to stabilise oil prices this year, the IEA said There is evidence that oil prices are stabilising and could even begin to rise again, the International Energy Agency (IEA) More...