Oil prices

Oil Market Shift Imminent, Sending Prices Skyrocketing

CEO of Occidental Petroleum Vicki Hollub believes the oil market is ready to turn around.

Red Sea Ripples Rock Oil Markets: Prices Slump Nearly 2% on Edgy Investors

Wednesday saw an almost 2% decline in oil prices, offsetting the gains of the previous day as investors kept an eye on events in the Red Sea, where merchants are returning after further attacks on Tuesday.

Oil prices forecast $50 to $70 per barrel through 2022, report says

Overall, demand is set to outpace supply on average over the forecast period.

Oil prices retreat as Iran refuses to freeze output

Oil prices might have propelled above $40 a barrel level in the past week as Iran was expected to join other producers to freeze its oil output. However, Iran wants to help its ailing economy, regardless of the oversupply.

Russian GDP shrinks 4.1% in Q3; fall rate eases

Russian GDP fell 4.1% during the third quarter, but it slowed down when compared with the second quarter's drop of 4.6%. The Western sanctions, oil price drop and lower investment activity are taking a toll on the Russian economy. The oil and gas sector is a major contributor to the Russian economy.

Amec Foster Wheeler halves dividend; raises cost saving target

Hit by the continuous drop in oil prices and lower spending by its customers, Amec Foster Wheeler Plc has halved its dividend payout for 2015. The British oil and gas services company forecasts thin margins during the second half of 2015. .

Oils Prices Rallied, But Recovery Still To Take Longer

Oil Prices increased Wednesday, but Shell is not expecting recovery any time soon. Lower inventories and oil production in US petroleum supply caused a spike on oil prices Wednesday, but giant oil company Shell admitted it will still take longer before any recovery.

Oil prices finally move up into positive territory

Oil prices finally moved up to positive territory Wednesday with small gains in Asian market due to stronger sentiments from some of the major financial markets in the region.

Latest Stories

Why Airchat Is The Next Big Social Media Platform You're Not On (Yet)

Naval Ravikant and Brian Norgard built something special

Macro Summer 2024 is Here For Crypto - Here's Everything You Need to Know

Crypto royalty Arthur Hayes of BitMEX and former Goldman Sachs exec Raoul Pal have a new rallying cry for getting rich: forget 90% of stocks. They're yesterday's game. The duo is pointing to crypto and tech for a period they dub 'Macro Summer'-a season of record all-time highs for Bitcoin.

Utah: The Entrepreneur's Paradise for Small Business Success

Have you ever thought about packing up your entrepreneurial dreams and heading to Utah? No. Me either! Well, according to a recent WalletHub study, it appears that the Beehive State is buzzing with opportunities for small business owners, particularly in its southern cities.

Cardano's Bull Run: Why 2024 Could Be Its Best Year Yet

Cardano (ADA) is a blockchain platform known for its emphasis on security and sustainability. As we inch closer to 2024, the buzz around Cardano Stocktwits has reached a fever pitch, with enthusiasts and skeptics alike voicing their predictions.

Base Meme Coins: The Whimsical Assets That Turned Enthusiasts into Millionaires

Originating from the innovative corridors of Coinbase, one of the leading cryptocurrency exchanges, Base represents a foundational layer for the creation and exchange of digital assets.

Must Read

AI Altcoins Set to Skyrocket: Top Picks for Investors

AI altcoins are quickly becoming the new gold rush. As someone who's been around the block a few times (crypto block, that is), I've seen trends come and go, but the fusion of artificial intelligence and blockchain technology feels like we're on the cusp of something revolutionary.

Realio Network RIO: The RWA Crypto Gem Poised for Explosive Growth

The Realio Network (RIO) stands out not just as another promising asset but as a potential cornerstone in the realm of Real World Assets (RWAs). With its eyes firmly set on revolutionizing private equity through digital tokenization, Realio isn't just playing the game-it's changing how the game is played.

Bitcoin ETF Frenzy: Is This the Time to Buy In, or a Recipe for Disaster?

The new spot Bitcoin exchange-traded funds (ETFs) have been a huge success by almost every significant indicator. They have already brought in over $30 billion in assets under management as a group.

Bizarre Tax Deductions You Might Actually Claim

While many tax deductions are well-known, such those for business supplies and charity contributions, some are less well-known. Here's a look at how tax deductions operate and three that you might find surprising as tax season approaches.

Inflation Hedge or Hype? Weighing the Pros and Cons of Owning Gold

Many were dismayed by a study released last week that showed inflation was increasing month over month, but it also highlighted how important it is to have a diverse portfolio. With one, investors can more effectively counteract the negative effects of rising interest rates intended to control inflation. Using gold and silver to diversify is also a good strategy.

Stay Connected with Money Times

` `