Oil buoyed by the weaker dollar but freeze deal pessimism remains September 7, 2016 Oil prices rose this morning, partly due to the weaker greenback, despite mounting pessimism over the ability of global producers to a reach a freeze deal. Crude received a shot in the arm after the US dollar index fell one per cent today, in the wake of softer US economic data. This is a boon [...]
Oil majors’ profits to pass $1 trillion mark this year September 6, 2016 The world's six largest oil companies are on course to pass the $1 trillion (£479bn) profit market this year, despite the recent commodities downturn which has riled the industry. Broker Canaccord Genuity's report released today said that BP, Chevron, Exxon, Royal Dutch Shell, Statoil and Total are expected to clear this mark by 31 December 2016, based [...]
Brent crude heads back towards $47 despite Saudi Arabia-Russia cooperation September 6, 2016 Brude crude turned lower this morning, despite yesterday's cooperation pledge by two of the world's biggest oil producers. Brent crude, the global benchmark, fell as much as 0.61 per cent to 47.34 per barrel in early morning trading. Its US counterpart, West Texas Intermediate, fared better swelling 1.35 per cent to $45.04. Read more: Experts warn North Sea corporation [...]
Stop the constant talk about me, it’s a sideshow, insists England skipper Wayne Rooney after midfield debate escalates September 5, 2016 England skipper Wayne Rooney believes the uproar regarding his deployment as a midfielder has been a huge overreaction after boss Sam Allardyce was forced to swat away questions following his side’s victory in Slovakia. Rooney started in midfield as Allardyce began his England reign with 1-0 victory in Sunday’s World Cup qualifier in Trnava, and [...]
In from the cold: Russia’s Chinese strategy could hurt European stocks September 5, 2016 Since the Russian annexation of Crimea in 2014, western sanctions have choked the Russian economy. Though Russia is considered to be the biggest loser from these trade and service restrictions, the sanctions are thought to have cost western firms billions of dollars in lost business too. And with the greatest share of Russia’s market, it [...]
Hunting share price jumps five per cent despite loss-making six months September 5, 2016 Shares in energy service provider Hunting rose over five per cent in morning trading despite announcing falling revenues and loss-making operations for the first half of 2016. Markets responded positively to the news of a reduction in Hunting's cost base and an interim financing arrangement that it is hoped will give the group sufficient breathing space in the short-term. The [...]
Oil prices soar despite muted Russia-Saudi Arabia statement September 5, 2016 Crude oil prices soared on hopes for an output freeze which could accelerate the stricken crude market's recovery, despite some gains being parred by a muted statement from oil kingpins Russia and Saudi Arabia. Brent crude, the global benchmark, shrugged off earlier losses to swell as much as 5.49 per cent to $49.40 per barrel in late morning trading. [...]
As more and more airlines launch new routes to Iran, this increasingly open country is fast becoming a popular tourist destination September 2, 2016 T he Islamic Republic of Iran is a destination rarely found near the top of travellers’ bucket lists. It is, after all, ruled over by a strict theocracy, one in which police patrol shopping malls to enforce a mandatory dress code, and social media continues to be blocked across the country. Yet in the cities, [...]
Summer transfer window 2016: What does the Premier League’s spending extravaganza mean for the wider European game? September 1, 2016 Just over two months after its national team were humiliated in front of Europe at the hands of Iceland, English football has reminded the world, when it comes to the transfer market, it remains king. The Premier League flexed its financial muscles this summer by spending a record-breaking £1.165bn on new players, crushing the outlay of Europe's biggest leagues. Europe's [...]
Betting: Big Sam to banish Euro misery with win over Slovakia September 1, 2016 Sam Allardyce’s reign as England manager begins on Sunday afternoon as the Three Lions face Slovakia in Trnava. The road to the 2018 World Cup in Russia starts here for Allardyce and his squad, who will be looking to put the disappointment of this summer’s European Championships behind them. Those hoping for revolution from the [...]