Tag Archives: OPEC

U.S. crude oil holds near 2009 lows as global glut persists

By Henning Gloystein SINGAPORE (Reuters) – U.S. crude prices remained near 2009 lows in early Asian trading on Friday as oil output in the Middle East continued to rise despite…

Oil slide blackens energy stocks

Oil industry stocks tumbled Monday, dragging down British & US markets, as crude prices sank to their lowest close since February 2009 in the wake of last week’s OPEC decision….

Oil drops after OPEC maintains output despite oversupply

NEW YORK (Reuters) – Oil prices fell on Friday after news that OPEC was planning to maintain its production near record highs despite depressed prices, as the producer group continued…

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Japan Restarts First Nuclear Plant Since Fukushima

Japan has restarted its first nuclear reactor since safety fears following the 2011 Fukushima disaster prompted a nationwide shutdown. Kyushu Electric Power Co switched on the No 1 reactor at…

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Oil falls on weak U.S. shares, expected rise in crude stocks

By Karolin Schaps LONDON (Reuters) – Oil prices fell on Wednesday, with U.S. futures touching a 3-1/2-month low, on a bearish U.S. stock market opening & expectations that U.S. government…

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Merkel, Hollande urge Ukraine leader to give rebels self-rule

German Chancellor Angel Merkel & French President Francois Hollande took the rare step Friday of pressing Ukraine's Western-backed leader to ensure partial self-rule for the pro-Russian separatist east. The blunt…

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OPEC set to keep oil output unchanged

The OPEC oil producers' cartel was set Friday to leave its output unchanged despite abundant supplies & low oil prices, as ministers maintain the pressure on booming US shale. Ministers…

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OPEC oil ministers meet, likely to maintain output targets

VIENNA (AP) — OPEC ministers in Vienna are expected to maintain the organization's output target, yet Iran is signaling it wants a greater share of the cartel's production. Iranian oil…

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Break the vicious cycle, Singapore tells South China Sea rivals

By Rujun Shen & David Alexander SINGAPORE (Reuters) – Singapore's prime minister called on countries on Friday to break the "vicious cycle" of the South China Sea row, as the…

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Amazon changes tax practices in Europe as investigations continue – WSJ

NEW YORK (Reuters) – Amazon.com Inc has started booking revenue from retail sales in individual European countries, instead of channeling all sales through low-tax Luxembourg, the Wall Street Journal reported…