oil prices

Goldman Sachs, RBS and Morgan Stanley too are ultra-bearish about oil prices.

West Texas Intermediate and Brent Crude, the two main oil benchmarks, are trading below $32.

While India, Australia and Japan were trading in the red, Hong Kong and South Korea were in the green.

Wall Street opens in positive territory as investors await the beginning of the earnings season

European stocks shrug off Chinese worries as oil prices extend declines

China's Shanghai Composite Index, which lost all of its 2015 gains last week, was at 3,098.04, down 2.77%.

Complete privatisation would make Saudi Aramco by far most valuable company in the world.

Iran is gearing up to increase production following lifting of sanctions.

Chinese markets were in the green following suspension of its circuit breaker by CSRC.

Riyadh will not halt record production at risk of aiding Iran and US shale.

Stock markets in mainland China went into a trading halt for the second time this week.

Geopolitical tension in the Middle East and concerns over China drag price sharply down.

The test added to investors' woes whose sentiment was already dampened because of the China slowdown.

People's bank of China revalued its yuan currency on 5 January at a much firmer rate than many had expected.

Weak China PMI and devaluation by People's Bank of China affect market sentiments.

BP chief also said investors recognised the true value of company's 'stranded assets'.

Australian shares up 0.9% as trading resumes following four-day holiday.

The first budget under King Salman, who was crowned in January, makes a cut in Saudi Arabia's fortunes.

Amid lack of cues, market men look forward to the New Year.

Taikang Life, Baosteel, New China Life and National Social Security Fund are among new shareholders.

Investors remain concerned about the extent of tightening the Fed could undertake in 2016.

Cartel says 2014 levels of oil prices will not be achieved until 2040.

Shell and BG were both among the biggest FTSE 100 risers on 23 December.

Most Asian stock indices trade higher on positive US economic data.

Oil prices rebound in Asian trading hours but still remain weak.

Brent crude continues fall amid rising US Dollar Index.

Overall growth in Scotland remains forecast at 1.9% for 2015, down on year before figures, Dr Gary Gillespie says.

For the overall week, Asian stock markets gained due to the depreciating Chinese yuan and the Fed's first rate rise.

The licence gives company access to oil in Arreton, M Prospect and other undrilled prospects.

The US Federal Reserve has announced a decision to increase its interest rates by 25 basis points to 0.5%.