GO
Loading...

Oil

More

  • LONDON, Nov 26- The impact of sub- $80 oil prices rippled across energy-exporting emerging markets on Wednesday, with investors betting other countries will have to follow Nigeria in devaluing their currencies. Brent crude remained firmly below $80 per barrel and around a third lower from June levels after Saudi Arabia signaled it was unlikely to push for a...

  • UPDATE 4-Oil steadies below $79 as market doubts OPEC cut Wednesday, 26 Nov 2014 | 5:16 AM ET

    *OPEC needs to show unity in face of oversupply- Iran. LONDON, Nov 26- Brent crude oil steadied below $79 a barrel on Wednesday after Saudi Arabia signalled it was unlikely to push for a major change in OPEC oil output despite a collapse in prices. Oil prices have dropped by a third since June and some OPEC members have called for the cartel to reduce production sharply...

  • MOSCOW, Nov 26- Russia sees an average oil price of around $80- 90 per barrel in the medium- and possibly in the long-term, Finance Minister Anton Siluanov said on Wednesday, underlining growing pressure on the Russian budget. Russia needs an oil price of $100 per barrel to balance its 2015-2017 budget and has watched nervously as Brent has lost around 30 percent...

  • Saudis to push OPEC to cut output: CNBC survey Wednesday, 26 Nov 2014 | 4:12 AM ET

    Saudi Arabia will push other OPEC members to cut production by up to 1.5 million barrels a day to help re-balance the market, experts tell CNBC.

  • UPDATE 3-Oil slips towards $78 as market doubts OPEC cut Wednesday, 26 Nov 2014 | 4:08 AM ET

    *OPEC needs to show unity in face of oversupply- Iran. LONDON, Nov 26- Brent crude oil fell towards $78 a barrel on Wednesday after Saudi Arabia's oil minister said the oil market "will stabilise itself eventually", ahead of a key OPEC meeting to discuss production in response to falling oil prices. Oil prices have dropped roughly 30 percent since June and predictions...

  • MOSCOW, Nov 26- Russia sees an average oil price of around $80- 90 per barrel in the medium- and possibly in the long-term, Finance Minister Anton Siluanov said on Wednesday. Russia needs an oil price of $100 per barrel to balance its budget. He added that Russia was unlikely to tap foreign capital markets next year.

  • *Prices fell in early trading as Asia's biggest economies weaken. Ali al-Naimi's comment that he believed oil "will stabilise itself eventually" supported crude against pressure from signs of weakness in Asia's top four economies. Impromptu talks between Saudi Arabia, fellow OPEC member Venezuela and oil powers Russia and Mexico yielded no agreement on...

  • SINGAPORE, Nov 26- Brent crude steadied around $78.40 a barrel on Wednesday ahead of talks by producer group OPEC, but prices fell earlier in the session as Asia's top four economies showed signs of weakness. Traders said talks of a potential output cut ahead of the meeting of the Organization of Petroleum Exporting Countries were helping prices, but added that...

  • Oil needs to be at $100 per barrel to be at a "fair price", Venezuelan foreign minister Rafael Ramirez told CNBC, as OPEC members decide whether to cut production.

  • LAUNCESTON, Australia, Nov 26- China has done two surprising things in oil markets recently; pledging to be more open about its strategic stockpiling and buying crude very openly in the daily trading window in Singapore. Since 2009, China has tended to boost crude purchases when it judges prices to be cheap on a relative basis. The bulk of these extra purchases...

  • OPEC members taking 'wait & see' approach     Tuesday, 25 Nov 2014 | 10:31 PM ET

    Matt Smith, Commodity Analyst at Schneider Electric, explains why Saudi Arabia is so reluctant to reduce output and warns that investors shouldn't expect too much progress from the meeting.

  • Commodity deflation to hurt these economies     Tuesday, 25 Nov 2014 | 10:12 PM ET

    Tony Nash, Vice President at Delta Economics, says commodity deflation in countries like Germany and China is worrying.

  • David Dietze, President & Chief Investment Strategist, outlines which sectors are best positioned to take advantage of lower oil prices.

  • Will Saudi Arabia give in to Iran's demands?     Tuesday, 25 Nov 2014 | 8:44 PM ET

    Stephen Schork, Editor of the The Schork Report, explains why the oil-rich kingdom is unlikely to go along with Iran's demands for a cut in crude output.

  • *But hopes for OPEC production cut support prices. SINGAPORE, Nov 26- Oil prices dropped early on Wednesday as Asia's top economies showed signs of weakness, but hopes for output cuts by producer club OPEC curbed losses. In South Korea, a top state-run research institute warned the Bank of Korea against underestimating the danger of Asia's fourth-largest...

  • Oil falls below $78 as market doubts OPEC cut Wednesday, 26 Nov 2014 | 9:02 AM ET

    Brent crude oil fell below $78 a barrel after Saudi Arabia signalled it was unlikely to push for big change in oil output.

  • NYMEX-Crude price falls below $74 as U.S. stocks rise Tuesday, 25 Nov 2014 | 7:28 PM ET

    TOKYO, Nov 26- U.S. crude futures extended declines to below $74 a barrel on Wednesday after industry data showed that U.S. crude inventories rose by nearly 3 million barrels last week, about six times more than analysts had expected. It settled down $1.69 at $74.09 on Tuesday after a meeting of Saudi Arabia and three other nations ahead of an OPEC summit ended with...

  • Cramer: Oil sweet spot     Tuesday, 25 Nov 2014 | 6:58 PM ET

    With Thursday's OPEC meeting approaching, Mad Money host Jim Cramer discusses supply and demand for crude oil.

  • 'Confident' that OPEC cut is coming: Analyst     Tuesday, 25 Nov 2014 | 5:51 PM ET

    Chad Mabry, Analyst, Energy & Natural Resources at MLV & Co, is expecting OPEC to cut output to 29.5 million barrels a day from 30 million barrels currently.

  • Russia revs up oil bears ahead of OPEC meeting Tuesday, 25 Nov 2014 | 5:39 PM ET
    OPEC headquarters in Vienna, Austria.

    Russia revved up oil bears ahead of OPEC's meeting as the appearance in Vienna of Rosneft's CEO caused a swirl of talk about agreements and output cuts.