US crude exporters likely to find tough competition at home and abroad
Dec 17, 2015 12:46 pm UTC| Commentary
Today, US lawmakers are expected to vote on several key measures in senate, which includes bill to avoid government shutdown in US, tax break for non-carbon energies and to remove a four decade old patriotic ban on US...
Strong inventory build in the US weighs on oil prices
Dec 17, 2015 10:32 am UTC| Commentary
There is a decline of 5% in oil prices yesterday and hence they lost most of the gains they made in last 2 days. Brent is trading at $37 per barrel after the contract roll over and WTI costs more than $35 per...
US on the verge of lifting crude export ban
Dec 16, 2015 08:06 am UTC| Commentary Politics
United states is the on the verge of lifting a four decade old crude oil export ban this year as lawmakers in congress reached a deal last night in a closed door meeting. Democrats have agreed to support the lift, tabled...
What is ahead for the oil prices?
Dec 16, 2015 07:14 am UTC| Commentary
Prices of crude oil fell to USD 35 per barrel, as there was a persisting global over supply, with the fights for market share. OPECs latest decision to maintain its stance supports the production to continue to outperform...
Lower oil prices pat Canadian economy
Dec 15, 2015 06:22 am UTC| Commentary
Canadian overall national net worth declined by 1.3% and stood at $129.4 billion. This is because of fall in oil prices. The natural resources wealth of the economy is declined by $285 billion. However, the fall in...
Oil price drop gets its own dynamics
Dec 14, 2015 10:22 am UTC| Commentary
The sell-off in the oil market took on unreasonable dimensions. Oil-prices were falling almost continuously for weeks now and find themselves marginally above the lows, compared to the crisis period. The speculative...
Oil prices falls back to new 7-year lows
Dec 11, 2015 10:44 am UTC| Commentary
After yesterdays recovery in the Brent price, it again came under renewed pressure during the time of trading, today morning it finds itself at a new 7-year low at $39.5 per barrel. Sell-offs were triggered ahead by the...
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