Oil extends slide below $60

Business / Economy Dec 12, 2014

Oil extends slide below $60

Oil extended losses below $60 a barrel amid speculation that OPEC's biggest members will defend market share against U.S. shale producers. Brent also slid after closing at the lowest price since July 2009. West Texas Intermediate futures fell as much as 1.9 percent in New ...

Commentary / World Oct 14, 2014

Saudi Arabia's oil enigma

by John Kemp

Saudi Arabia is sometimes likened to a central bank managing the global oil market, adding or withdrawing supplies to control prices. But that vastly overstates the degree of influence, let alone control, that the kingdom exercises over the market.