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Oil Prices to Remain Low Well Into 2016
Dec 29, 2015Crude prices have gone down nearly 30 percent this year, and analysts expect oil prices to remain low for even longer. Boon for consumers Lower oil prices are generally good for US consumers and the economy, said Jason Bordoff, ...
Tags: Oil Prices, Crude Oil
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Brent Oil Price Hits 11-year Low amid Oversupply Worries
Dec 22, 2015Brent oil price hit 11-year low Monday as the market continued to be plagued by an oversupply of crude oil and weakening demand. Brent crude for February delivery decreased 53 cents to close at 36.35 U.S. dollars a barrel on the London ...
Tags: Brent oil, Oil prices
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After Six Consecutive Quarters of Decline, GDP in Eurozone Increased by 0.3% in Q2 2013
Oct 7, 2013After six consecutive quarters of decline, GDP in the Eurozone increased by 0.3% in Q2 2013. Economic activity is projected to expand further over the forecast horizon (+0.1% in Q3, +0.3% in Q4 2013 and +0.4% in Q1 2014) mainly on the back ...
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Activity Contracted by 0.3% in Q1 2013, Falling for The Sixth Consecutive Quarter
Jul 10, 2013In the Eurozone, activity contracted by 0.3% in Q1 2013, falling for the sixth consecutive quarter. However, GDP growth is expected to turn slightly positive in Q2 2013 (+0.1%), with a mild acceleration over the following quarters (+0.2% in ...
Tags: economy, Labor market
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A US Commodity Trading House Has Filed a Class-action Lawsuit in New York Against BP,Shell
May 28, 2013A US commodity trading house has filed a class-action lawsuit in New York against BP, Shell and Statoil, the three European oil companies being investigated by the European Commission for suspected manipulation of oil prices. The oil ...
Tags: Chemicals, Metallurgy, Mineral, Energy
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UK's Buzzard Oil Field Contributed Only 16% of Forties Blend Output
Mar 12, 2013The UK's Buzzard oil field contributed only 16% of Forties blend output in the week of February 18-24, down from 33% the previous week, BP data showed Friday. This is the lowest contribution of Buzzard to Forties seen so far in 2013, ...
Tags: Buzzard oil field, BP data, UK
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UK Natural Gas for Same-day Delivery Rose to 108 Pence/therm Monday Morning
Mar 6, 2013UK natural gas for same-day delivery rose to 108 pence/therm Monday morning -- a price the market has not closed above since 2006 -- due to unplanned North Sea outages. Stormy weather caused a failure in the Norwegian power grid system ...
Tags: gas, natural gas, oil pipeline system
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Shell Remains on Track to Grow Its Oil and Gas Production by Over 20%
Feb 4, 2013Shell said Thursday it remains on track to grow its oil and gas production by over 20% in the next five to six years, despite weak North American fuel prices continuing to dent the performance of its key upstream growth centre. ...
Tags: oil, gas production, fuel prices, North America
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Greater Collaboration Would Alleviate Tensions Over Tightening Rare Earth Markets.
Dec 25, 2012The Critical Metals Report: John, a recent Brookings Institution report suggested that greater collaboration between U.S. and Chinese companies would alleviate tensions over tightening rare earth markets. Is the proposed merger between the ...
Tags: Rare earth, Critical Metals, rare earth markets, REEs
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Crude Oil and Gold Prices Scored One Month Highs This Week Boosted by Middle East
Nov 30, 2012BR reported that crude oil and gold prices scored one month highs this week boosted by Middle East tensions the faltering dollar and upbeat economic data but other commodities diverged amid holiday curtailed US trade. Dealers said that ...