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New York TimesShell's Profit Down 56 Percent on Depressed Oil PricesNew York TimesLONDON — Royal Dutch Shell became the latest big energy company to file a damage report on the impact of depressed oil prices on Thursday, saying that its adjusted profit
Admin 04.02.2016 0 110

CNBCOil jumps on dollar weakness, OPEC rumorsCNBCOil prices are up sharply in Asian hours, extending hefty gains from the previous sessions as the dollar index hit a seven-week low and on continued rumors about a possible deal to cut abundant supply. Bench
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Oil slump means cheaper tickets on these Asia airlinesCNBCA decade-old fuel surcharge on flights originating from Hong Kong was scrapped on Monday, after the Civil Aviation Department (CAD) said falling fuel prices meant it was no longer warranted. "A
Admin 01.02.2016 0 83

'This frenzy is idiotic' says Rosneft after oil rallyFinancial TimesRussia's largest oil producer on Friday played down prospects of a coordinated output cut with Opec and described the sharp rally in oil prices on speculation of such a move as
Admin 29.01.2016 0 47

The Globe and MailThe rally in crude oil? Shale will cap it, says CitiCNBCDespite a jump in crude oil prices this week, gains may be capped by a quick ramp up in shale oil production, said an analyst Friday. Oil prices have jumped over 20 percent since hit
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CNBCThis analyst thinks oil prices may not have hit bottomCNBCThose anticipating a recovery in oil prices after the recent bludgeoning are likely to be disappointed. According to a senior analyst, prices are likely to sink further from the 12-year trough r
Admin 21.01.2016 0 46

CNBCEnergy jobs under siege as oil rout extendsCNBCAn extended rout in oil prices is forcing energy companies to scale back on jobs and send expatriates home, London-based recruiter Robert Walters found in its annual salary survey. According to the study,
Admin 21.01.2016 0 41

ReutersEuropean stocks hit after oil sinks Wall StreetFinancial TimesThursday 08:00 GMT. European stocks are falling after oil price volatility helped drive Wall Street to its biggest drop in three months. The latest retreat adds to the overwhelming mood o
Admin 14.01.2016 0 71

Sydney Morning HeraldASX hits 21/2-year low on oil diveSydney Morning HeraldAustralian shares touched 2½-year lows on Thursday as the ongoing commodities rout - which sent crude oil falling below $US30 per barrel - continued to rattle global markets. The b
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CNBCDemand just as big a drag on oil: HSBCCNBCDespite the market focus on an oil supply surplus, demand side pressures are also hurting prices, as world trade growth slows, a top HSBC economist said on Thursday. "You have a situation where emerging ma
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