Thursday 25 December 2014
 
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Oil prices likely to rebound in second half of 2015

Crude oil prices are likely to bottom out in the first half of 2015, until a possible slowdown in US shale production counters a supply glut exacerbated by Opec's decision not to cut output, a Reuters monthly

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UAE ‘can keep spending despite plunge in oil prices’

The large fiscal reserves which the United Arab Emirates has built up will allow it to keep spending on development projects in coming years despite the recent plunge in oil prices, the economy minister said. Although some people

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Asian LNG prices seen falling by up to 30pc in 2015

Asian liquefied natural gas (LNG) prices are expected to fall by up to 30 per cent in 2015, according to a survey of analysts and consultants, as the market enters a period of oversupply and the impact of lower oil prices kicks in.

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Oil forecasts dive after Opec keeps output target:poll

Oil price forecasts have collapsed in the wake of the Organization of the Petroleum Exporting Countries (Opec's) decision not to cut output despite a global glut, Reuters monthly poll showed.

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Iraq says failing oil prices force rethink of 2015 budget

Falling oil prices have forced Iraq to scrap the draft 2015 budget it planned to present to parliament, Prime Minister Haidar Al Abadi told lawmakers.   The budget had been b

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Kuwait says will have to live with oil at $60, $80 or $100

Kuwait's oil minister said the Opec member will have to accept any market price of oil whether it is $60, $80 or $100 a barrel.   "We have to live either with $80 or with $60 or with $100," Ali Sale

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Oil price seen falling to $60 if Opec does not cut output

Oil prices could plunge to $60 a barrel if the Organisation of Petroleum Exporting Countires (Opec) does not agree a significant output cut when it meets in Vienna, market players say.   Brent crude futures have

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Iran Parliament suggests $75-80 barrel oil price for budget

Iran's parliament recommends basing next year's budget on an oil price of $75-80 a barrel, a senior lawmaker was reported as saying, down from $100 in the 2014 budget plan.   "It seems the trend of d

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Opec needs to cut output by up to 1 mbpd: delegate

The Organization of the Petroleum Exporting Countries (Opec) needs to cut its oil output by up to 1 million barrels per day (mbpd) at its meeting next week, a delegate from one of Opec's smaller producers said, as oil prices that have slid

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Iron ore and the dangers of living by the sword

The price of spot iron ore has sunk to $75.50 per tonne this week, its lowest level since 2009. The scale of the price collapse has been breath-taking. Iron ore has dropped by over 35 per cent since the start of the year, a signif

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