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"crude" tag

Saudi Arabia Cut More than Commitment, Lifts Prices

Oil prices rallied yesterday following the EIA weekly data and are up further today. Despite the rise in US inventories (4.1 mln barrels) more than four times greater than expected, participants focused on other details....

saudi-arabia-oil-marketexpress-in

Saudi Arabia to reduce its reliance on oil

In a bid to shore up the Middle East nation’s finances battered by the global slump in crude prices, Saudi King Salman has pledged to diversify the country’s economy and veer off its heavy dependence...

opec rip marketexpress-in

OPEC: RIP? Not So Fast

Many observers have proclaimed the death of OPEC. This seems to be a premature judgment, and may reflect a misunderstanding of oligopolistic practices. The decision not to cut production is not a sign of the...

High oil prices threat to global economy : IEA

Singapore – December 14, 2011 : High oil prices threaten to worsen a global economic slowdown and crude producers should consider boosting output, the chief economist for the International Energy Agency (IEA) Mr Fatih Birol...

brent-wti-crude-marketexpress-in

Brent-WTI Crude Increasing price divergence – New Reality

COMMODITIES : Price divergence between the world’s top oil benchmarks creating a wreaking havoc among energy investor, Traders and Hedgers. Divergence between Western Texas Intermediate oil (WTI Crude) increasing from top global oil references Brent Crude....