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OPEC

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Russia warns of recession in 2015

02/12/2014(0)
The Russian government has warned the economy will fall into recession next year as Western sanctions, in response to its role in eastern Ukraine, and falling oil prices begin ... Read More
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Dollar Advances as OPEC Output Freeze Seen Hurting Euro, Aussie

28/11/2014(0)
The dollar strengthened on speculation lower crude prices after OPEC’s decision to keep oil output unchanged will stimulate the U.S. economy while weighing on the euro and currencies of ... Read More
Brent Crude Oil

Oil prices crash below $70

28/11/2014(0)
Oil prices came crashing down Thursday to trade below $70 per barrel after OPEC announced it was leaving oil production levels unchanged. WTI crude trading in the U.S. fell ... Read More
Asian stocks

Asia shares edge higher, oil tumbles to four-year low

27/11/2014(0)
Asian stocks hit a one-month high on Thursday as investors bet that more central bank stimulus in China and Europe would shore up the global economy, while oil prices tumbled ... Read More
OPEC logo

Saudi, UAE signal no push for OPEC oil cut

26/11/2014(0)
OPEC leader Saudi Arabia and fellow member the United Arab Emirates signalled on Wednesday they were unlikely to push for a major change in oil output at the group’s meeting this ... Read More
oil

OPEC’s Easy Days Setting Oil Production Are Over, Veteran Says; You Need Russia, Norway, Mexico

24/11/2014(0)
The days when OPEC members could all but guarantee consensus when deciding production levels for oil are long gone, according to a veteran of almost two decades of the ... Read More
Dollar

Dollar hits seven-year high vs yen ahead of Fed minutes

19/11/2014(0)
The dollar hit a seven-year high against the yen on Wednesday ahead of minutes from the U.S. Federal Reserve’s latest policy meeting, as investors bet on an increasingly divergent ... Read More
Brent Crude Oil

Brent Oil Drops Before OPEC Meeting, Iran Nuclear Talks

18/11/2014(0)
Brent crude dropped for a second day as investors weighed the possibility that OPEC will reduce output next week, or that talks over Iran’s nuclear program could result in ... Read More
Brent Crude Oil

OPEC’s Colluders Are in a No-Win Situation

12/11/2014(0)
Economists will tell you that cartels are hard to keep alive. They work when everyone in the cartel holds down production to keep the price artificially high (and punish ... Read More
oil

Five reasons oil prices are dropping

14/10/2014(0)
As oil prices continue to fall, analysts and producers are trying to wrap their heads around the reasons and identify a floor price. Even though crude benchmarks like Brent ... Read More
Broker Cyprus TopFX