IBTimes.co.uk : Crude Oil Topic

The Energy Report - Bernakamania!

Thu, 23 May 2013 08:41:00 +0100

Fed Chairman Ben Bernanke does his best impression of a one handed economist. On One Hand Ben sends gold and stocks soaring by saying that a premature tightening of monetary policy could lead interest rates to rise temporarily but would also carry a substantial risk of slowing or ending the economic...

Japan's Trade Deficit Widens as Weak Yen Shoots Up Import Bills

Wed, 22 May 2013 01:10:53 +0100

April trade deficit rose 69.7% to 879.94bn yen, as imports increased 9.4% to 6.66tn yen for April.

Oil Price Rigging Probe: European Commission Asks Traders for Evidence

Tue, 21 May 2013 10:45:39 +0100

EU Commission writes to oil market traders asking for evidence of allegations of price fixing by Shell, BP, Platts and Statoil

The Energy Report - Getting Closer to the Top

Tue, 21 May 2013 08:47:12 +0100

With gold and silver capitulating and treasuries yield rinsing oil will have to balance the bearish implications of the Fed taking about an exit strategy versus the disinflation that is now plunging Europe. With the Chicago Federal Reserve President Charles Evans saying that while monetary policy is right now but suggesting that the Fed could end bond buying by the fall.

Oil Price Rigging: Big Traders to Help EU Probe

Tue, 21 May 2013 01:17:14 +0100

Glencore, Vitol, Gunvor and Mercuria asked by European Commission for details on pricing structures.

The Energy Report - Gas

Mon, 20 May 2013 08:43:00 +0100

Natural Gas soars as natural gas exports are probably going to happen a lot faster than many thought and pain at the pump is back as refinery woes mess up the trend of lower prices. On Friday, Reuters News reported "The Obama administration opened the door to a new era of U.S.

After tough week, Obama tries to change the subject to jobs

Fri, 17 May 2013 16:28:03 +0100

President Barack Obama on Friday sought to turn the spotlight from controversies threatening to swamp his agenda back to his top priority - the economy - and announced he will try to cut in half the time it takes to get federal approval for large job-creating projects.

Tesoro may own BP Calif. refinery as early as June 1 - sources

Thu, 16 May 2013 15:49:02 +0100

Independent western U.S. refiner Tesoro Corp may take ownership of BP Plc's 240,000 barrel per day Carson, California, refinery as early as June 1, sources familiar with the transaction said on Thursday.

Dow, S&P 500 at new highs again as rally keeps rolling

Wed, 15 May 2013 13:14:02 +0100

U.S. stocks climbed on Wednesday, with the Dow and S&P 500 hitting new all-time highs as the market's recent upward momentum persisted and offset some weak economic data.

Wall St. extends rally as tech shares lead

Wed, 15 May 2013 12:14:02 +0100

The S&P 500 and the Nasdaq rose for a fourth straight day on Wednesday as tech shares gained and offset some weak economic data.

EU oil price probe puts Platts in spotlight

Wed, 15 May 2013 09:49:03 +0100

A European investigation into alleged price rigging by major oil companies has drawn attention to leading price agency Platts and the way it sets oil price benchmarks.

Euro Falters as 1Q GDP Disappoints, Pound Rebounds on BoE

Wed, 15 May 2013 08:35:18 +0100

The Euro slid to a fresh monthly low of 1.2874 as the region's 1Q GDP report showed the growth rate contracting 0.3% versus forecasts for a 0.1% decline, and the prolonged recession may continue to drag on the exchange rate as it fuels speculation for additional monetary support.

The Energy Report - Euro Growth or Lack Thereof

Wed, 15 May 2013 08:33:48 +0100

Oil is sinking on demand concerns as Europe looks like it is getting more deeply mired in recession. While Germany had some growth, France is going back into recession. Over all, the Eurozone saw growth fall for the longest recession since the EU was founded. Obviously this does not bode well for oil as it will raise demand concerns not just in Europe but for one of its major goods provider China.

Nikkei rises above 15,000 on weak yen, dollar resilient

Wed, 15 May 2013 02:28:02 +0100

Japan's Nikkei share average surged to a 5-1/2-year high on Wednesday as Japanese exporters rallied after the yen's recent slide, while the dollar showed resilience, supported by signs of an improving U.S. economy.

Shell, BP and Statoil Raided over Alleged Oil Price Rigging

Wed, 15 May 2013 01:08:16 +0100

European Commission suspects manipulation of published prices for oil and biofuel products and swoops on head offices.

Nikkei breaks above 15,000 points on weak yen, dollar resilient

Wed, 15 May 2013 00:28:01 +0100

Asian share markets were mixed on Wednesday, with Australian equities dented by weakness in mining firms while Tokyo stocks surged to a 5-1/2-year high as Japanese exporters rallied after the yen's recent slide.

Australian Stock Market Report – Midday 5/14/13

Mon, 13 May 2013 22:56:15 +0100

Australian shares are slightly firmer at lunchtime in the East, following a mixed offshore lead and ahead of the release of the Federal Budget in Canberra tonight.

Wall Street flat after retail sales, Nasdaq edges higher

Mon, 13 May 2013 12:49:02 +0100

U.S. stocks were mostly flat on Monday as investors paused following a rally that took indexes to record highs, though a strong read on retail sales limited declines and the Nasdaq ticked up on a rally in Netflix.

US STOCKS-Wall St dips but rise in retail sales limits decline

Mon, 13 May 2013 12:07:03 +0100

U.S. stocks edged lower on Monday as investors paused following a rally that took indexes to record highs, though a strong read on retail sales limited declines.

Crude Oil to Fall as Gold Gains on Soft US Retail Sales Report

Mon, 13 May 2013 08:42:44 +0100

The spotlight is on April's US Retail Sales report to start the trading week. Expectations call for receipts to decline 0.3 percent, marking the second consecutive print in negative territory. Despite a handful of recent upside surprises, US economic news-flow has tended to underperform relative to consensus forecasts since late March.

The Energy Report - FED X-IT

Mon, 13 May 2013 08:25:13 +0100

The oil market got heavy as word of a possible story of a FedX-it started to permeate the trading floor on Friday. And sure enough the Wall Street Journal soon published an article by Jon Hilsenrath that said " Federal Reserve officials have mapped out a strategy for winding down an unprecedent...

Risks to China recovery seen as factory output underwhelms

Mon, 13 May 2013 06:00:02 +0100

China's factory output growth was surprisingly feeble in April and fixed-asset investment slowed, rekindling concerns that a nascent recovery is stalling and adding to pressure on policymakers to take action to stimulate the economy.

Wall Street ends up, posts third week of gains

Fri, 10 May 2013 16:49:02 +0100

The Dow and S&P 500 ended at record highs on Friday, and stocks posted a third consecutive week of gains as a rise in Google and other technology shares offset a slide in energy stocks.

S&P 500, Nasdaq rise; market eyes third week of gains

Fri, 10 May 2013 15:21:02 +0100

The S&P 500 and Nasdaq rose modestly on Friday and indexes were on track for a third week of gains as an earnings-driven rally in Priceline's stock helped offset a slide in energy shares.

Wall Street little changed as commodity sector weighs

Fri, 10 May 2013 13:42:01 +0100

Stocks traded mostly flat on Friday as a sharp drop in commodity prices hit energy and materials shares, though the S&P 500 drew support from Priceline's earnings-related gain.

Wall Street opens flat, but results lift Nasdaq

Fri, 10 May 2013 10:14:02 +0100

Stocks open little changed on Friday but remained on track for a third straight week of gains, while a pair of strong corporate earnings helped the Nasdaq register a small advance.

The Energy Report - There President is starting to get it!

Fri, 10 May 2013 09:31:49 +0100

I almost could not believe what I was hearing. The President touting the boom in US energy and manufacturing boom and said that we can't get in the way with needless regulation. President Obama's Jobs Tour in Texas, the home of "Big Oil" and the heart and soul of the US energy Industry the, President embraced the industry that he had disparaged insulted and degraded.

The Energy Report - Offsetting Risks

Tue, 07 May 2013 08:35:30 +0100

Oil prices swung back and forth like a juiced up yo-yo as it tried to balance rising geo-political risk as well as economic risks. The attack on Hezbollah in Syria killed some elite Syrian troops and Syria and Iran are vowing retaliation. Israel is trying to calm Syria down by saying that Hezbollah, not Syria, was their intended target and the Syrian troops just got in the way.

Global shares near 5-year high as central bank rally rolls on

Tue, 07 May 2013 07:35:07 +0100

World shares hit their strongest in almost five years and Germany's Dax reached an all-time high on Tuesday, as signals top central banks will remain supportive of growth continued to drive markets.

Global stocks hold near records, greenback rises

Mon, 06 May 2013 13:42:02 +0100

The U.S. dollar rose against the yen and euro on Monday and U.S. stocks hovered near last week's record highs as a brighter outlook for the U.S. economy following last week's jobs report continued to encourage the hunt for high-yielding assets.