Russia says door not closed to output freeze deal despite Doha failure April 17, 2016 Russia has said its door isn't closed to an output freeze in the future, despite oil majors failure to clinch a widely anticipated deal in Doha today. Russia's oil minister, Alexander Novak, said that the country wasn't closing the door on a global deal to freeze output, adding he was disappointed that no decision had been taken. Officials from [...]
Doha oil production freeze talks end with no agreement, investors watch for movement in the oil price April 17, 2016 Talks between oil cartel Opec and non-Opec countries in Doha to try and reach a deal on an oil production freeze have ended without agreement, potentially risking a renewed price rout. Ministers have confirmed to reporters in the Qatar capital that more time and consultation is needed before a production freeze can be enacted. Officials from Opec (the Organization of the [...]
Heated Saudi, Iran tensions cast cloud over oil freeze deal in Doha April 17, 2016 It may be more than 30 degrees in Doha, but it's all about a freeze right now. Officials from Opec, Russia and other major oil producers are holding talks which could result in production being frozen for the next six months. The meeting kicked off around 12.30pm GMT, following a change to the wording of the agreement, [...]
Potential oil freeze deal: What five experts think about the historic producer meeting in Doha April 17, 2016 Rising tensions between rivals Saudi Arabia and Iran could inhibit a historic oil production freeze deal widely expected to be inked today. Some 18 Opec and non-Opec countries, including Russia, met in the Qatari capital of Doha to firm up an agreement to freeze oil output at January levels, a move which would support crude prices. Ministers started talks after [...]
Brent crude and WTI: Oil prices head back to $42 ahead of Doha meeting April 15, 2016 Brent crude inched back towards $42 per barrel this afternoon, weighed down by a growing cloud of analyst scepticism over a weekend meeting of major oil producers. They said the impact of a freeze deal on oil prices would be minimal because most countries are already producing at record levels, while Iran and Libya have vowed to ramp [...]
The highest paid football managers in the world 2016: Ex-Chelsea boss Jose Mourinho tops earnings list while Liverpool’s Jurgen Klopp and Arsenal’s Arsene Wenger both make top 10 April 14, 2016 Jose Mourinho has been named the world's highest paid manager for the seventh year in a row in France Football's annual study of football's richest. With £19m in the bank, the Portuguese manager is this season's highest earning coach despite being sacked by the Blues in December following a disastrous start to the season. Mourinho is still being paid [...]
IEA: Oil oversupply will finally start drying up in the second half of 2016 April 14, 2016 The embattled oil market will start to rebalance in the second half of this year, as Opec's grand master plan to price out US shale gas producers starts to bear fruit. The International Energy Agency expects that the surplus will fall to 0.2m barrels per day (bpd) in the second half of this year, down from 1.5m [...]
The three leadership skills to take your business digital April 14, 2016 It would often seem that, to succeed in the digital world, you need to be a young manager in a startup born with digital DNA, like Alibaba, Uber or Google. This is not the case. Research I have conducted indicates that many traditional companies are successfully transitioning to become digital companies, steered by executives with greying [...]
Brent crude and WTI: Oil prices tumble after Saudi minister rules out cut April 13, 2016 Oil prices tracked low this morning, after Saudi Arabia's oil minister reportedly said that investors should "forget about" a production cut. Ali al-Naimi, told the al-Hayat newspaper that an outright production cut, as demanded by some producers, was out of the question. "Forget about this topic," al-Naimi told the paper, reiterating the Kingdom's previous position on a possible [...]
Brent crude and WTI: Oil climbs even higher amid rising optimism over freeze meeting April 12, 2016 Oil prices burst into life this afternoon, extending earlier gains after a report suggested Russia and Saudi Arabia have agreed to freeze output ahead of a widely anticipated meeting in Doha on Sunday. Russia's Interfax news agency quoted a diplomatic source in Doha saying the two countries had reached a consensus about an output freeze [...]