Post Tagged with: "global economy"

Source: Reuters

OPEC+ hits the refinery wall: John Kemp

Reuters


LONDON  – Fuel traders and refiners are becoming more pessimistic about the outlook for the global economy and transportation for the rest of this year, even as the crude producers in OPEC+ try to push oil prices higher.

OPEC+ …

July 17, 2020 - 12:30 pm Closing Bell Story‎, Crude Oil News, Energy News
Source: Forbes

Cheap Energy Was A Surprise Benefit Of QE, But That May Be Ending

Forbes


Quantitative easing (QE) was a response to the financial crisis. Under this policy the central bank buys government assets, and increasingly any assets, to support the economy. Previously in order to source funding, a government could sell bonds to …

Source: Reuters

UBS raises Brent forecasts, sees undersupplied oil market

Reuters


UBS raised its forecasts on Thursday for the price of Brent crude this year, citing expectations of an undersupplied oil market as demand starts to pick up on the back of a recovering global economy.

“Supply is being curbed …

Big Oil, investors face returns reckoning amid darkening economy

Big Oil, investors face returns reckoning amid darkening economy

Source: Reuters


LONDON (Reuters) – Darkening clouds over the global economy have led two of the world’s top oil firms to warn investors that promised growth in returns could be at risk for the first time since the 2014 oil …

Source: Reuters

Shell warns slowing global economy could hit $25 billion buyback timetable

Source: Reuters


LONDON (Reuters) – Royal Dutch Shell warned on Thursday that uncertain economic conditions could slow its $25 billion share buyback program, the world’s largest, after its third-quarter profits easily beat expectations on strong oil and gas trading.

The …

Trump says US has come to a substantial phase one deal with China

Trump says US has come to a substantial phase one deal with China

Source: CNBC


The U.S. has come to a “very substantial phase one deal” with China in the high-stakes trade negotiations between the two economic superpowers, President Donald Trump said Friday.

“Phase two will start almost immediately” after the first phase …

October 11, 2019 - 3:00 pm China, Closing Bell Story‎, Economy, International, People
Photo by Tyler Losier

Continental CEO Harold Hamm Speaks at EnerCom’s The Oil and Gas Conference

By Tyler Losier, Energy Reporter, Oil & Gas 360

Continental Resources’ Harold Hamm sits down for a fireside chat
Today, as part of EnerCom’s 24th annual The Oil and Gas Conference in Denver, Colorado, Harold Hamm, CEO and chairman of

OPEC keeps curbs - Saudi Arabia Minister of Energy Khalid Al-Falih - Oil & Gas 360

Saudis to Limit Oil Exports in September to Stabilize Market

From The Houston Chronicle


Saudi Arabia plans to keep oil exports below 7 million barrels a day next month as OPEC’s biggest producer allocates less crude than customers demand in a bid to stabilize the market, according to the kingdom’s …

China Continued Iran Oil Imports in July in Teeth of U.S. Sanctions: Analysts

China Continued Iran Oil Imports in July in Teeth of U.S. Sanctions: Analysts

From Reuters


China imported Iranian crude oil in July for the second month since a U.S. sanctions waiver ended, according to research from three data firms, with one estimate showing some oil entered tanks holding the country’s strategic reserves.

According …

Economic Weathervane Toyota Sees Itself Driving into a Fierce Storm

Economic Weathervane Toyota Sees Itself Driving into a Fierce Storm

What GM used to be to America, Toyota is to Japan: a weather vane for macro trends. On Friday, the carmaker admitted it is downhill from now

From Asia Times

If you want to know where Asia’s No. 2 economy …

August 3, 2018 - 10:59 am Closing Bell Story‎, Energy News
Economic Boost from Oil Not Expected While Interest Rates Remain Low

Economic Boost from Oil Not Expected While Interest Rates Remain Low

Low interest rates mitigating the benefits of low oil prices – IMF

When oil prices began to crater, it was hoped that demand would grow, giving economies a proverbial shot in the arm. Unfortunately, economic growth has remained sluggish, and …