OPEC says EU ban on Iran oil to boost prices
The EU's embargo on Iranian oil exports will add upward pressure to oil prices, OPEC's secretary general said on Monday, even though there is no shortage of oil on the market.
Iran Warns Persian Gulf Countries Not to Replace Its Crude Oil
Iran warned its Arab neighbors on Sunday not to raise crude output to replace Iranian oil in the event of an embargo by the European Union, Tehran's governor for the Organization of the Petroleum Exporting Countries was quoted as saying.
Gold, Oil, Copper Prices to Rise in 2012: Goldman Sachs
Goldman Sachs said it expected upside in prices of oil, gold and copper this year, citing greater supply risks and stronger fundamentals.
Chavez and Ahmadinejad Joke About 'Big Atomic Bomb'
Dictator buddies President Mahmoud Ahmadinejad of Iran and Hugo Chavez of Venezuela met to discuss serious matters on Monday, but they lightened up the conversation with jokes about having a “big atomic bomb” at their disposal.
More news
Oil Prices - Saudis, Gulf States Ready to Offset Loss of Iran Oil
Persian Gulf oil producing nations are prepared to compensate for any loss of oil in the world market, a senior Saudi official said after Iran amped-up its rhetoric Tuesday about blocking the Strait of Hormuz, a key supply route for the world’s oil.
Donald Trump Talks Obama, China, and GOP Hopefuls in 'Time to Get Tough’
Business mogul Donald Trump has some harsh words for President Obama, China, and a whole slew of others in his book Time to Get Tough: Making America #1 Again.
Carlos the Jackal Gets Second Life Sentence
Cold War militant Carlos the Jackal was sentenced to a second life term by a Paris court on Thursday after being found guilty of a number of bombings in France three decades ago.
Oil Futures Slightly Recover after Sell-Off
Crude oil prices advanced in Europe trade on Thursday, after plunging to their lowest level in more than five weeks in the previous session.
OPEC’s Likely December Stance - Sit Back and Let the Money Roll In
With oil prices already high at/near $100 per barrel and the global economy no where near its GDP output potential, OPEC is once again in the catbird seat as it heads into its December meeting.
OPEC seeks to heal rift and fix oil target
OPEC began negotiations on Monday on a new production deal aimed at healing the rift caused by a bad-tempered failure to agree an output target when it last met in June.
OPEC Seeks to Heal Rift, Fix Oil Target
OPEC began negotiations on Monday on a new production deal aimed at healing the rift caused by a bad-tempered failure to agree an output target when it last met in June.
Oil Prices Rise on Iran Sanction Concerns
Oil prices ratcheted up on Monday morning on concerns that tension between Iran and Western countries could lead to an oil distribution disruption and a potential shortage.
For Iraqis, Violence Still Part of Life Too Much of the Time
Iraqis are wary on how their country will fare once the Americans leave. The Americans are seen as an occupying force by many, but welcomed by others who believe they act as a buffer amid the country's still-volatile sectarian mix.
Oil Pushes Above $100 on Central Bank Eurozone Intervention
Oil jumped above the psychologically-significant $100 level on Wednesday after a coordinated move by central banks to address pressures in global money markets.
Analysis: Harper's bet may pay off; China open to Canadian oil
China is set to embrace Canada's offer of more crude, heating up competition with the United States as the world's top two oil consumers jostle to secure supplies and meet ravenous demand.
Ecuador near Approving Gold Projects
Ecuador's President Rafael Correa says his government is within days of signing contracts with mining companies set to develop large copper and gold projects in the mineral-rich Andean nation.
Libyan Oil Output to Reach Pre-War Levels By End of Next Year
Reportedly, oil production in Libya plunged to as low as 10,000 bpd in August during the bloodiest episodes of the civil war.
OPEC raises oil demand view, says risk to downside
Oil producer group OPEC is investing in new supplies to meet rising consumption, even as it sees the risk to the demand outlook as being on the downside because of Europe's sovereign debt crisis and a slowing global economy.
Who is Carlos the Jackal, the Cold War Criminal back on Trial?
Carlos the Jackal has already been convicted of three murders and is currently serving a life sentence in France, but the Venezuelan, who was once one of the most wanted figures of the Cold War, is again on trial.
Crude Oil Prices Fall More Than $2
Oil prices fell more than $2 per barrel on Tuesday as the outlook for global growth darkened with renewed crisis in the euro zone and data suggesting economic activity in key economies was slowing more quickly than expected.
What Does Moammar Gadhafi's Death Mean for the Oil Market?
The death of Moammar Gadhafi has definitely clarified one piece of the jigsaw puzzle that is the global oil market: There is now one fewer issue to hinder production security in a host of oil hot spots.
Oil Prices Libya: Gadhafi Death Unlikely to Push West Texas Oil Lower
The events in Libya probably will not lead to a drop in crude prices as measured by West Texas Intermediate metric, analysts say.
Saudi Central Bank Uninterested in Buying Distressed Assets
Saudi Arabia's central bank is not interested in buying distressed or speculative assets such as troubled European debt and gold, and the OPEC member's banks are well-positioned to withstand the Eurozone crisis.
Obama says Iran to face toughest possible sanctions
President Barack Obama warned Iran on Thursday it would face the toughest possible sanctions for an alleged plot to kill the Saudi ambassador in Washington, as Treasury officials eyed action against the Iranian central bank.
Chinese Stocks Lead Bounce in Asian Markets
A rebound in Hong Kong and Shanghai shares helped lift most Asian stocks into positive territory Wednesday, but concerns that Europe's debt crisis has hurt confidence in the global economy and is weighing on corporate earnings limited gains.
Libya's NOC seeks $6bln in sanctions debts
Libya's top oil body is pursuing international oil firms for bills worth around $6 billion that were left unpaid this year due to U.N. sanctions imposed in March, a source in the National Oil Corporation (NOC) told Reuters this week.
Pages
- Promoted in Bill Gates
- 1
- 2
- 3
- 4
- 5
Editor's pick
-
Art Of The Deal? How Trump Backed Down On Tariffs
-
Trump Hikes China Tariffs To 125%, Pauses Tariffs On Other Nations Amid Market Turmoil
-
US Consumer Inflation Falls To 2.4% In March, But Tariff Hikes Cloud Economic Outlook
-
Trump Administration Reinstates Some Foreign Aid Programs After WFP Warns Of Deadly Consequences: Report
-
How The EU Is Responding To Trump's Trade Assault
-
Migrants Are Being Increasingly Detained During Routine ICE Check-Ins As Deportations Increase: Investigation
