Egos and U.S. fracking trigger Russia-Saudi oil price war
The fight between Russia and Saudi Arabia looks like a personal struggle between the leaders of the two countries as well as a broadside at the U.S. fracking industry.
'Winter is coming': IMF talks in Bali point to tremors rattling world economy
Woken one night by a 6.4 magnitude earthquake at the IMF annual meetings in Bali, global finance chiefs spent the week assessing the tremors now rippling through the world economy. The quake "was symbolic for the widespread feeling among participants that the ground under the ...
Asia urged to reduce pricey oil dependency as crude hits $80
The cost of Asia's growing thirst for oil will surpass $1 trillion this year, about twice as much as in 2015 and 2016, as oil prices touch $80 per barrel and continental demand hits a record. Oil prices have risen nearly 20 percent since January ...
Big U.S. banks accept OPEC was right as they embrace oil near $80
Wall Street's biggest banks have changed sides and are embracing a surge in oil prices. Goldman Sachs Group Inc., Morgan Stanley and JPMorgan Chase & Co. have all issued a flurry of bullish forecasts in the past fortnight. They've abandoned their skepticism and are accepting ...
Armed men blew up a Libyan pipeline pumping crude oil to Es Sider port on Tuesday, reducing the North African country's output by around 90,000 barrels a day, military and oil sources said. The attackers arrived at the site near Marada in two cars and ...
Japan logged first trade surplus in six years in fiscal 2016 at ¥4 trillion
Japan posts its first trade surplus since 2011 after low oil prices help reduce the value of its imports.
Cheap oil boosts Japan's 2015 current account surplus sixfold
The nation's current account surplus grew more than sixfold in 2015 from the previous year to ¥16.64 trillion, boosted by a plunge in crude oil imports and a travel surplus amid the yen's depreciation, government data showed Monday. Goods trade registered a deficit of ¥643.4 ...
Brace for the coming wave of oil-crunch refugees
Petroleum's plunge is great news for most of us
The initial shock from the oil collapse might be negative, but it will be outweighed by the positive effects before too long.
Shares fell in Tokyo on Thursday, cutting short Wednesday's rebound, after U.S. stocks tumbled amid declining oil prices and continued anxiety over Chinese growth. The Nikkei average slid 2.7 percent to 17,240.95 at the close of trading, while the Topix index lost 2.5 percent to ...
Consumer confidence improved in October on the back of lower gasoline prices and more job offers, following a decline the previous month. The seasonally adjusted index of sentiment among households of two or more people was up 0.9 points from the previous month at 41.5, ...
Japan logs largest January-June current account surplus since 2010
Japan posted a current account surplus of ¥8.18 trillion in the January to June period, the largest since the second half of 2010, as lower crude oil prices pushed down imports and income increased on the back of a weaker yen, the government said ...
