Commodities

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Current Rally in Crude Oil Prices Fuelled by 'Tourists', Says CITI

Sub-$50 is a reasonable price for crude in 2015, said Klienman.

Apr 21, 2015

Battle for No 10: Paxman grills Labour leader and Prime Minister ahead of May election

British Prime Minister David Cameron and the leader of the opposition Ed Miliband face questions from ex-BBC presenter Jeremy Paxman and a studio audience in the first of the 2015 election TV debates.

Mar 27, 2015

Crude Oil Prices Heading to $35 by June: FGE

Prices could even dip beyond those levels for a brief period, warned Fereidun Fesharaki, chairman of FACTS Global Energy (FGE).

Mar 23, 2015

Turkey launches project to pipe Azeri gas to Europe

Turkey launched a $10bn (£6.8bn) project to pipe Azeri gas to Western markets on 17 March, forging ahead with a plan which could help Europe reduce its dependence on Russian energy even as Moscow touts its own alternative.

Mar 18, 2015

Saudis Naimi expects oil market to balance, prices to stabilise

Saudi Arabian Oil Minister Ali al-Naimi said on 4 March, he hoped and expected the oil market to balance and prices, which hit a near six-year low in January, to stabilise.

Mar 4, 2015

Hours After Budget Fuel Retailers Hike Petrol, Diesel Prices

Following the steep rise in international crude oil prices, the prices of fuel has been hiked twice in two weeks.

Mar 1, 2015

India to Commission 5-mt Underground Oil Storage Reserves by October

The Indian Government is expected to commission a 5 million tonne underground storage facility.

Jan 31, 2015

After ONGC, Govt to Sell Stakes in GAIL and Oil India Ltd?

The subsidy sharing formula is being reworked to help limit the subsidy burden of the upstream companies.

Jan 9, 2015

Crude Oil Freefall: 'Picking a Bottom Could be Deadly'

Brent Crude prices took another hit falling 1.8 percent to $55.42 per barrel on Monday marking another decline due to the global oil oversupply.

Jan 5, 2015

China Ends Rare Earth and Metals Export Quota

The Chinese government abolished export quota on rare earth and other metals used in high-end electronic devices like smartphones on December 31, 2014.

Jan 5, 2015

Iran Calls on Saudi Arabia to Control OPEC Oil Supply; Prices Could Tumble to $30?

As oil prices fell to new six-year lows last week, Iran called on OPEC leader Saudi Arabia to take a stance on the global oil glut that has been plaguing the markets.

Jan 2, 2015

Brent Crude Prices Fall to Five-Year Lows at $57 Despite Libyan Output Disruption

Brent Crude prices slid to a new five-year low hovering at $57 on Tuesday even though output disruptions in Libya put a temporary hold on the global supply glut.

Dec 30, 2014

Oil Prices Spike to $63, Investors Confident of Prices Staying at $60 Level

Brent crude prices increased 2 percent to $63 on Monday as investors believed that prices would remain around $60 for the rest of the year. News of the spike comes right after Saudi Arabia defended its decision to not impose any cuts on oil production and said they would stick to it.

Dec 22, 2014

BP to Lay Off Hundreds of Workers to Cut Costs and Cope With Tumbling Oil Prices

BP will cut several jobs globally, including those in its London, Aberdeen and Sunbury offices on mounting costs and plummeting oil prices.

Dec 8, 2014

OPEC Decides Against Oil Output Cut; Sends Prices Tumbling

Saudi Arabia uses its clout to maintain OPEC oil output resulting in prices going down further, targets US shale.

Nov 28, 2014

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