Economic outlook for the country has shifted remarkably as the Federal Government’s deficit budget is likely going to fizzle out due to surge in crude oil prices to above $65 per barrel in the international markets, Renaissance Capital has stated. For full story, click here
Continue reading "Budget Deficit may fizzle out as Oil sold at $70"
Tuesday, May 5, 2009
Crude oil fell on Tuesday, snapping four days of gains, on concern a U.S. government report will show stockpiles climbed from the highest level since September 1990. Crude oil for June delivery declined as much as 77 cents, or 1.4 per cent, to $53.70 a barrel in electronic trading on the New York Mercantile Exchange. Oil is up 21 per cent this year.
Continue reading "Crude oil headed for $71.55 a barrel"
Friday, March 27, 2009
It was a stock that people loved to hate. During the first half of 2008, investors cringed when they saw rallies in the price of oil. As crude surged to $150 a barrel last year, equity investors bemoaned the hit, and worried and gossiped about the outlook for consumer-oriented firms which would need to spend more on gas. Then the tide turned.
Continue reading "Higher Oil: Sign Of Economic Growth"
Monday, February 2, 2009
Credit ratings agency Moody’s Investors Service said that the financial outlook for oil majors’ is stable despite a sharp fall in oil prices. For full story, click here
Continue reading "Oil majors’ outlook stable despite price drop"
Tuesday, August 12, 2008
As per a government report, Oil prices could be lower than previously expected next year. In its August short-term energy outlook, the Energy Information Administration (EIA) said: It expects crude prices to average $124 a barrel in 2009. That’s down from July when the EIA projected an average price of $133 per barrel. Click here [...]
Continue reading "Lower Oil price forecast for ’09"
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Wednesday, June 24, 2009