Oil prices fly $100 barrel
Crude oil has been moving steadily higher for months, despite a recent short-term blip, and it may not be long before we are looking at triple-digit prices once again. Eighty-dollar […]
Commodities
OPEC deal could fail?
Oil prices plunged on Friday after news broke that OPEC and its partners, including Russia, are considering allowing higher levels of oil production, which could mark the beginning of the […]
Russia and Saudi Arabia to discuss over oil cuts
Russia and Saudi Arabia have a common position on the future of the oil output cut deal, Russian Energy Minister Alexander Novak said on Thursday, while Russia’s Lukoil said the […]
Potential growth will push oil prices
Oil market participants and analysts have been focused on the front-month oil futures prices that rallied to levels last seen in November 2014, with Brent Crude breaking above $80 a […]
$80 oil price could destroy airline
The rising price of oil is likely to bring about the demise of numerous low cost airlines with tight profit margins, Michael O’Leary, the chief executive of Irish budget airline […]
Iran needs EU support to save nuclear deal
Iran’s foreign minister has said the European Union must increase its investments in Iran for an endangered nuclear deal to be preserved following the US’ withdrawal from the multinational pact […]
Gold tests long-term pattern
The slight period of consolidation during the past few trading sessions has formed a triangle-like formation, thus stranding the rate in a diminishing trading range. It is more likely that […]
Oil giant Total ready to quit Iran project
Total started the South Pars 11 project in July 2017, two years after Western powers signed a nuclear deal with Tehran prompting the return of many businesses to Iran. But […]