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Saudi embraces U.S. oil boom even as kingdom's output steadies
ReutersWASHINGTON (Reuters) - The oil minister of Saudi Arabia, the world's top crude oil exporter, welcomed the U.S. energy renaissance on Tuesday but added that the boom in new global output may hold the kingdom's production at current levels until the next...Tags: Saudi Arabia, U.S. Military, Harvard University, Politics, George H.W. Bush
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POLL-Oil price forecasts cut as market slumps
Reuters* Forecasts downgraded after sharp falls in spot prices * Brent seen averaging $107.60 in 2013 vs $111.70 in 2012 * WTI average seen at $94.60 vs $94.15 in 2012 * WTI seen outperforming Brent * For a table of forecasts, see April 30 (Reuters) - Brent...Tags: Citigroup Incorporated, Politics, Weather Reports, Upstream Oil and Gas Activities, Productivity
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RPT-Saudi-U.S. relations to withstand N. American oil boom
Reuters(Repeats with no changes to text) * Saudi oil minister to give major speech in Washington Tuesday * U.S., Saudi Arabia both keen on balanced oil market * Former U.S. diplomat says relationship is "less intimate" By Timothy Gardner WASHINGTON, April...Tags: Military Equipment, Saudi Arabia, U.S. Military, Iran, Tehran (Iran)
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INTERVIEW-Libya aims to end fuel subsidies in 3 years
Reuters* Libya's fuel subsidies among most generous in world * Falling oil prices could obstruct OPEC quota increase * New terms planned for next licensing round in 2013 By Jessica Donati and Ghaith Shennib TRIPOLI, April 29 (Reuters) - Libya will join its...Tags: Politics, Libya, Germany, Tripoli (Libya), Egypt
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REFILE-INTERVIEW-Libya aims to end fuel subsidies in 3 years
Reuters(Changes date to April 30) * Libya's fuel subsidies among most generous in world * Falling oil prices could obstruct OPEC quota increase * New terms planned for next licensing round in 2013 By Jessica Donati and Ghaith Shennib TRIPOLI, April 30...Tags: Politics, Libya, Germany, Egypt, Tripoli (Libya)
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Libya aims to end fuel subsidies in three years
ReutersTRIPOLI (Reuters) - Libya will join its neighbors in tackling sensitive fuel market reforms and plans to do away with all subsidies within three years, Oil Minister Abdelbari al-Arusi said. The International Monetary Fund (IMF) estimates over 14...Tags: Politics, Upstream Oil and Gas Activities, Libya, Germany, Tripoli (Libya)
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POLL-Gulf Arab economies to keep growing despite cheaper oil
Reuters* Saudi GDP growth seen slowing to 4.1 pct in 2013, 4.0 pct in 2014 * But non-oil sector, state spending to support economy * Budget surpluses to shrink; Saudi 2013 surplus seen halving * However, most fiscal positions comfortable through 2014 * For...Tags: Saudi Arabia, Finance, Politics, Qatar, Credit and Debt
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CME Group hires former Liffe soft commodity specialists
ReutersBy Sarah McFarlane and Nigel Hunt LONDON, April 26 (Reuters) - CME Group, the dominant exchange in global grains and oilseeds trading but not prominent in coffee, cocoa and sugar, said on Friday that it has hired two soft commodity specialists. Peter...Tags: European Union, Antitrust Issues, CME Group Inc., Chicago Board of Trade, Global Expansion
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Chevron 1st-qtr profit down on weaker oil prices
ReutersApril 26 (Reuters) - Chevron Corp, the second-largest U.S. oil company, posted a 4.5 percent decline in quarterly profit on Friday, pinched by weaker oil prices and work at its U.S. refineries. First-quarter net income fell to $6.18 billion, or $3.18 per...Tags: Chevron Corportion, Petroleum Industry, Environmental Issues, Energy Saving
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BGE says energy prices on the rise for electricity customers
Baltimore Gas and Electric Co. said Thursday that energy prices will rise $6 a month for the typical residential electricity customer who doesn't use an outside power supplier, the first jump in energy prices in four years. That rise in costs, running...
Tags: Parkville, Baltimore Gas and Electric Co., Market and Exchange, Prices, Upstream Oil and Gas Activities
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Analysis: Commodity shakeout emboldens risk-seeking investors
ReutersLONDON (Reuters) - This month's plunge in commodities may reinforce a benign growth outlook that will encourage investors to keep taking on risks rather than signalling an imminent collapse in the global economy. Although the speed and scale of the...Tags: Finance, Central Bank, Federal Reserve, Money and Monetary Policy, Shinzo Abe
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AFRICA INVESTMENT-Africa is still way too dependent on resources
ReutersBy Ed Stoddard JOHANNESBURG, April 26 (Reuters) - Africa's brisk economic growth over the past decade has been consumer driven, a much-hyped trend that masks the uncomfortable fact that the region remains far too reliant on commodities. Sub-Saharan...Tags: Industrial Production, Finance, Africa, Gold and Precious Material, World Bank Group
Apr 30, 2013
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Apr 29, 2013
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Apr 26, 2013
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Apr 26, 2013
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Apr 25, 2013
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Apr 26, 2013
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Apr 26, 2013
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