saudi-arabia

Oil tests out $50 a barrel as supply concerns resurface

Oil prices tested the $50-per-barrel mark on Thursday as production outages brought a faster-than-expected recovery to an oversupplied market many thought will stay depressed through the year. While a crude glut could grow in coming months if demand stalls, wildfires in Canada's oil sands, unrest in the Nigerian and Libyan energy sectors, and …

Read more: 
Oil tests out $50 a barrel as supply concerns resurface

saudi-arabia

Cartel or talking shop? OPEC awaits Saudi ruling

DUBAI/LONDON (Reuters) – For those seeking guidance on Saudi Arabia's thinking regarding the future of OPEC, the last few weeks' agenda of the new Saudi energy minister, Khalid al-Falih, might offer a few clues. Unlike his predecessor Ali al-Naimi, Falih may not have much time for OPEC. For oil-price hawks such

View original post here: 
Cartel or talking shop? OPEC awaits Saudi ruling

saudi-arabia

Judge leans Redstone’s way in trial over media mogul’s mental state

A judge called Sumner Redstone's deposition “strong evidence” that the media mogul knew what he was doing when he ejected an ex-girlfriend from his life, suggesting Redstone has the upper hand in a trial over his mental competence that began on Friday. Although the 92-year-old billionaire, who has majority control of media companies Viacom and CBS, had…

See the rest here:
Judge leans Redstone’s way in trial over media mogul’s mental state

saudi-arabia

Saudi Arabia names Khalid al-Falih energy minister to replace Naimi

By Rania El Gamal and Reem Shamseddine DUBAI/KHOBAR, Saudi Arabia (Reuters) – Saudi Arabia, the world's largest crude oil exporter, on Saturday appointed Khalid al-Falih, chairman of the state oil giant Saudi Aramco, as its new energy minister, replacing Ali al-Naimi, who had held the post since 1995. The change is unlikely …

More:
Saudi Arabia names Khalid al-Falih energy minister to replace Naimi

saudi-arabia

U.S. Treasury readies new tax rules as G20 vows to fight evasion

By David Lawder WASHINGTON (Reuters) – The U.S. Treasury Department is finalizing new tax rules aimed at combating the use of shell companies to evade taxes, U.S. Treasury Secretary Jack Lew said on Saturday amid increased pledges by global finance leaders to cooperate on tax issues. In a statement to the International Monetary Fund's steering committee, Lew said the Treasury was finalizing a rule that would require banks to identify the beneficial owners of…

Read the rest here:
U.S. Treasury readies new tax rules as G20 vows to fight evasion

saudi-arabia

Doha oil freeze talks face last-minute trouble

By Rania El Gamal and Reem Shamseddine DOHA (Reuters) – A meeting between OPEC and non-OPEC oil producers on an agreement to freeze output ran into last-minute trouble in Qatar on Sunday due to a new request by OPEC's de facto leader Saudi Arabia, sources told Reuters. Oil…

Go here to read the rest: 
Doha oil freeze talks face last-minute trouble

saudi-arabia

Recalled cars create a costly problem for U.S. auto dealers

With the recalls affecting Honda vehicles dating back several years, used-car dealers are facing increased pressure. It is legal under federal law to sell used cars with unrepaired safety defects that are subject to recall, but dealers that operate under franchises with manufacturers could be violating those agreements. It is illegal to sell new cars that are subject to a recall under federal law.

Originally posted here: 
Recalled cars create a costly problem for U.S. auto dealers

saudi-arabia

As Big Oil shrinks, boards plot different paths out of crisis

By Ron Bousso and Terry Wade LONDON/HOUSTON (Reuters) – As oil and gas companies cut ever-deeper into the bone to weather their worst downturn in decades, boards have adopted contrasting strategies to lead them out of the crisis. Crude prices have tumbled around 70 percent over the past 18 months to around $35 a barrel, leading to five of the world's top …

See more here: 
As Big Oil shrinks, boards plot different paths out of crisis

saudi-arabia

Saudi, Venezuela talk of OPEC, non-OPEC cooperation to stabilize oil market: SPA

Saudi Arabia's oil minister Ali al-Naimi discussed cooperation between OPEC members and other oil producers to stabilize the global oil market with his Venezuelan counterpart on Sunday, state news agency SPA reported. Venezuela's Oil Minister Eulogio Del Pino, who is on a tour of oil producers to lobby

Read the original:
Saudi, Venezuela talk of OPEC, non-OPEC cooperation to stabilize oil market: SPA

saudi-arabia

Oil prices give up earlier gains; languish near 11-year lows

By Jacob Gronholt-Pedersen and Roslan Khasawneh SINGAPORE (Reuters) – Oil prices on Wednesday gave back earlier gains, retreating toward the previous session's close near 11-year lows as concerns over growing…

Here is the original: 
Oil prices give up earlier gains; languish near 11-year lows

« Previous Page — Next Page »