Brent and WTI crude: Oil prices soar as the US dollar dives February 3, 2016 Oil prices surged today, helped by the tumbling US dollar following comments by a US Federal Reserve official and weak economic data. Brent crude, the international benchmark, rose 8.31 per cent to $35.44 per barrel. Meanwhile, West Texas Intermediate (WTI) crude, added 9.3 per cent to $32.66. "We're getting the rally in crude oil from the pounding [...]
US West Texas Intermediate crude oil price just went below $30 per barrel again as talks of a deal dwindle February 2, 2016 The US oil benchmark, West Texas Intermediate (WTI), has fallen under $30 per barrel for the first time in over a week as rumours of a production cut deal between Opec and non-Opec members diminished. Brent crude was trading around $32.61 when WTI dipped under the psychological $30 barrier. WTI, also known as Texas light sweet, came into price parity [...]
Oil prices: Iraq will co-operate to cut production in bid to prop up Brent crude January 30, 2016 Iraq's oil minister has said his country would co-operate if Organization of the Petroleum Exporting Countries (Opec) and non-Opec members agree to cut crude production, in the wake of a supply glut that's sent oil as low as $27 per barrel this year. It comes as one of Opec's poorer member, cash-strapped Venezuela, has called a meeting to [...]
Brent crude and WTI: Oil prices fall as hope over production cut fades January 29, 2016 Oil prices wavered today, as soaring oil output coincided with dampened optimism around a possible production cut from some of the world's biggest producers, the Organization of the Petroleum Exporting Countries (Opec) and Russia. Brent crude, the global benchmark, fell 0.35 per cent to $33.77 per barrel, after ending 2.4 per cent higher yesterday. West Texas Intermediate, the US [...]
Barclays rubbishes talk of oil production cuts as oil price jumps on hopes Opec is open to working with Russia on managing supply January 29, 2016 Oil prices have gained almost 6.5 per cent on the week, largely thanks to a recent surge on the back of rumours Opec is willing to work with Russia in managing oil supply. Yesterday the Russian energy minister, Alexander Novak, said it was reasonable to discuss the situation in the oil market, and possible cuts to [...]
Brent and WTI crude: Oil prices jump on hopes Opec and Russia will cut production January 28, 2016 Oil prices jumped today on hopes that some of the world's biggest oil producers could finally cut production in response to plummeting prices. Brent crude, the international benchmark, jumped 5.47 per cent to $34.91 per barrel. Meanwhile, West Texas Intermediate crude, the US benchmark, rose 5.82 per cent to $34.18. Russian energy minister, Alexander Novak, said today [...]
JKX Oil & Gas loses bid to prevent board being ousted as Proxima wins votes January 28, 2016 The board of JKX Oil & Gas has lost its bid to remain in place, with nine directors being ousted as a result. The Ukraine-based business, which is listed in London, had blocked two of its biggest shareholders from voting in today's meeting, called to discuss a bid approach made by Proxima as well as the [...]
Jimmy Choo share price rises as its revenues are boosted by strong Asian markets and its men’s shoes January 28, 2016 Jimmy Choo shares spiked like its own stilettos today, after revealing promising full year results. Shares were trading up around 1.34 per cent, at 129p, having jumped from 127.3p to 130p as soon as markets opened. The figures Full year revenues for 2015 rose seven per cent to £318m, from £300m on a constant currency basis. Taking into account currency [...]
The world’s most popular cities for tourist: London comes second to Hong Kong January 28, 2016 London has come second to Hong Kong in a ranking of the world's most popular cities among tourists. Euromonitor International's annual "top city destinations ranking" covers 100 of the world's leading cities in terms of tourist arrivals. London benefited from its iconic stature, the success of the London Olympics in 2012, as well as its cultural [...]
Opec begs others to join it in cutting production January 25, 2016 The standoff between Opec and its rivals came to a head today as the cartels secretary-general called on other oil producing countries to put a ceiling on output. Abdalla El-Badri warned that producers would continue to suffer without co-operation to end a supply glut. The call was echoed by a senior Russian oil executive, who said [...]