Moody's: Global banks' credit risks to low oil prices rising
Feb 25, 2016 00:09 am UTC| Research & Analysis
The deepening oil price slump will intensify pressure on banks globally, with those in major net oil-exporting countries most exposed to credit risks in the near-term, said Moodys Investors Service. In a new report on...
Norway’s weak oil investments likely to weigh on economy
Feb 24, 2016 11:59 am UTC| Commentary Economy
Norways Q1 oil investment survey suggested that oil investments declined by 14% in 2016 as compared to 2015 levels. The print was weaker than Norges Banks forecast of 11% decline. The decline was due to a 6 billion NOK...
Oil prices decline over Saudi Arabia and Iran disagreements
Feb 24, 2016 11:24 am UTC| Commentary
Oil prices continue to remain volatile as Brent and WTI declined by more than 4% yesterday. As a result, they lost most of the gains they had attained on the previous day. In the morning session, oil prices continued to...
A positive oil supply deal remains elusive
Feb 22, 2016 16:36 pm UTC| Commentary
The Doha agreement has raised hopes for a cut in world crude supply, but such an outcome remains elusive. Participation by Iran, has not been secured. Iran has vowed to restore its market share to pre-2012 levels now that...
The Saudi-Russian oil gambit has little to do with prices
Feb 22, 2016 14:46 pm UTC| Insights & Views
Saudi Arabia and Russia, the worlds two most powerful oil producers, have reached a tentative agreement to freeze oil production at its current levels. As the first deal between an OPEC and non-OPEC member in 15 years, it...
Oil price rises as U.S. oil rig count declines
Feb 22, 2016 12:30 pm UTC| Commentary
On Friday, oil prices declined by nearly 4% amid high volatile oil market, this resulted Brent to end the week on a lower note, while WTI was slightly up. Following a renewed decline in the U.S. oil rig count, the oil...
Moody's: Extended low oil price environment to challenge GCC banks' resilience
Feb 22, 2016 02:55 am UTC| Research & Analysis
Continued low oil prices could have an increasingly negative impact on banks across the Gulf Cooperation Council (GCC), according to Moodys Investors Service in a report published today. This could occur both directly - by...
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