Energy Market Archives · Page 4 of 100

RBS Court Case – Royal Bank of Scotland Bailout Case Adjourned

Published by Pete Nisbet on May 22, 2017

The RBS court case has been adjourned. The Royal Bank of Scotland bailout by the UK government has prevented its collapse. Investors are claiming that they were misled about the financial situation of the bank when they were asked to invest to help purchase the rival Dutch bank, AMV Avro, in 2007. [...]

Saudi Aramco – US Deals Worth $50 Billion Sealed at Conference

Published by Pete Nisbet on May 20, 2017

A number of Saudi Aramco - US deals will diversify Saudi trade with the US. The Middle Eastern oil giant expects to complete $50 billion (£38.36 billion) worth of deals with US companies today (Saturday.) This is because Saudi Arabia wants to move beyond oil exports towards a more diverse econo [...]

Crude Oil Prices Rise with Hopes of Extension to Oil Production Cuts

Published by Pete Nisbet on May 20, 2017

Crude oil prices rise amid optimism of an extension to the oil production cuts. Brent crude futures hit $52.79 at 0630 GMT on Friday, a rise of 0.5%. This is the highest Brent crude price since April 21. US crude oil increased by 0.6% (29c) to $49.64 a barrel – its highest price since April 26. [...]

OPEC Oil Production Cut Plans Threatened by Libya Output Increase

Published by Pete Nisbet on May 15, 2017

Planned extensions to OPEC oil production cutbacks appear to be threatened by a sudden increase in output from Libya. Libya’s oil output has increased considerably to 814,000 barrels a day, a 16% increase on the end of April. The reason for this is likely the two oil fields that were put back into [...]

Cheniere Energy Shares Rise Friday after News of LNG Deal with China

Published by Pete Nisbet on May 14, 2017

Cheniere Energy shares rose by over 3% Friday. Stock rose after it was revealed that Cheniere Energy had been holding talks with state-owned Chinese firms to increase exports of liquefied natural gas to China. [...]

Oil Price Increases after Five Months Lows Due to US Jobs and Saudi Assurances

Published by Pete Nisbet on May 6, 2017

Oil price increases have taken place due to an improving US job market and assurances by Saudi Arabia. These have been influential in halting the oil price slump and reversing the trend. Oil prices were up 1.5% on Friday after 5-month lows. The assurances were related to Saudi Arabia assuring Russia [...]

Oil Prices Drop as Oil Glut Rises – Drop in Oil Price Likely to Continue

Published by Pete Nisbet on May 5, 2017

Oil prices drop Thursday as supply outpaces demand. A fall in oil prices has added almost 5% to trading losses on Thursday. U.S. crude dropped to $44.58 a barrel, representing a 2.1% drop while Brent crude fell to $47.49 a barrel, a 1.8% drop in price bringing the price of oil to its lowest since No [...]

BP Profit – BP is Back in Profit Due Helped by Oil Price Increase

Published by Pete Nisbet on May 2, 2017

BP profit figures have been assisted by a recovery in the price of oil. Nevertheless, it should be stressed that, while BP has posted a profit for the first three months of 2017, the market is still volatile and can change at any time. [...]

Oil Prices Down Due to Poor Chinese Economy Survey

Published by Pete Nisbet on May 1, 2017

Oil prices down Monday as demand outlook dropped due to a poor Chinese economy survey. However, rumors have it that OPEC could be cutting the output of crude in order to support current oil prices. NYMEX crude CLc1 for June delivery had dropped 12 cents to $49.21 a barrel at 0619 GMT. London Bre [...]

Oil Prices Increased Due to OPEC Deal on Reducing Output

Published by Pete Nisbet on October 6, 2016

Oil prices increased to almost $52 a barrel Wednesday. This was the highest level for three months. The increase was likely due to the OPEC deal on reducing output. However, we still have to see to the extent to which that will happen. U.S. crude stocks have also been dropping which likely con [...]

RBS Court Case – Royal Bank of Scotland Bailout Case Adjourned

Saudi Aramco – US Deals Worth $50 Billion Sealed at Conference

Crude Oil Prices Rise with Hopes of Extension to Oil Production Cuts

OPEC Oil Production Cut Plans Threatened by Libya Output Increase

Cheniere Energy Shares Rise Friday after News of LNG Deal with China

Oil Price Increases after Five Months Lows Due to US Jobs and Saudi Assurances

Oil Prices Drop as Oil Glut Rises – Drop in Oil Price Likely to Continue

BP Profit – BP is Back in Profit Due Helped by Oil Price Increase

Oil Prices Down Due to Poor Chinese Economy Survey

Oil Prices Increased Due to OPEC Deal on Reducing Output

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