Search Results for: IHS
Asia mostly higher; Nikkei leads with 2% gain
May 10th, 2016
Asia markets traded mostly higher on Tuesday, with the Japanese benchmark index leading gains in the region. The Nikkei 225 added 2.04 percent, while across the Korean Strait, the Kospi traded up 0.36 percent. In Hong Kong, the Hang Seng index was down 0.05 percent. ...
Oil Rises as Canadian Fires Spread, Saudi Oil Minister Replaced
May 9th, 2016
Canada wildfires cut oil-sands production by about 40%: IHS Ali al-Naimi succeeded by Al-Falih, head of state oil company Crude rose as expanding wildfires in Canada knocked out about 1 million barrels a day of output, and after Saudi Arabia ...
Oil crisis? Here is how Saudi Arabia plans to shake up its economy
April 14th, 2016
In late February, several hundred Saudi officials, company executives and foreign consultants gathered in a luxury Riyadh hotel to discuss how Saudi Arabia’s economy could survive an era of cheap oil. In late February, several hundred Saudi officials, company ...
UK economic growth revised higher in fourth quarter of 2015
March 31st, 2016
The UK economy expanded in line with expectations in the fourth quarter, figures released by the Office for National Statistics (ONS) on Thursday (31 March) showed. According to the ONS, in the three months to the end of December, ...
Shale Oil Isn’t Saudi Arabia’s Only Nemesis
March 2nd, 2016
Even when glut stops growing, market might shrug: SocGen History shows oil rebound will hinge on stockpiles: Goldman Even if Saudi Arabia wins its struggle with U.S. shale producers over market share, it will face a new billion-barrel adversary. ...
Asia trades lower as market sentiment falls, ASX slips 2%, Shanghai down 1%
February 24th, 2016
Asia stocks traded mostly down Wednesday morning, with a combination of low oil prices, concerns over China and weak overnight data weighing on market sentiment. In Japan, the benchmark Nikkei 225 retraced losses over 1.7 percent early on to trade down ...
Greece: fears for more cuts and tax increases will be needed to unlock bailout loans
February 4th, 2016
Greece Fears More Austerity Pain Ahead to Unlock Bailout Loans Nationwide strike called to protest cuts as talks progress with creditors The outlook for Europe’s most depressed economy hinges on how talks progress between the Greek government and its ...
Russian Oil: Output Grows as Prospects Shrink
January 25th, 2016
Plummeting prices and U.S.-led sanctions raise questions about Russian oil’s capacity to continue underwriting Putin’s global ambitions In the frosty swamplands of West Siberia, the drilling rigs of oil giant OAO Lukoil are helping raise Russia’s oil output to its highest ...
Pound dives as Bank of England rules out rate rise amid weak UK growth
January 20th, 2016
Currency traders react to Mark Carney’s downbeat assessment by selling pound to $1.42, its weakest since March 2009 The Bank of England governor has sent the pound into a nosedive after he ruled out an early rise in interest rates, saying ...
Biggest Oil Buyers Pick Themselves as Winners From OPEC Meeting
November 27th, 2015
OPEC to meet Dec. 4 in Vienna to discuss oil production target South Korean refiner sees `best time ever’ as buyer amid glut Oil buyers in Asia are sure of one thing as OPEC prepares to meet: They’ll emerge ...
