Tag archive for ‘OPEC’
Jewish Business News On Tuesday, December 8th, 2015

Oil Prices: This Should Terrify Energy Bulls

Oil Prices Slide on Oil Production Increase OPEC (read: Saudi Arabia, the Middle East’s “sugar daddy”) continues to snub the global economy as it smugly holds to its steadfast philosophy of seeking—nay, More...

Jewish Business News On Monday, March 16th, 2015

Oil Prices Drop to Six-Year Low in Anticipation of Iran Deal

The prospects of a possible U.S. deal with Iran over its nuclear program have added to traders’ expectations of a flow of new Iranian crude into the market. The Wall Street Journal reported that the benchmark More...

Vered Weiss On Thursday, January 29th, 2015

Goldman Sachs’ Gary Cohn Not Alone in Expecting Continued Oil Freefall

When Gary Cohn of Goldman Sachs predicted oil, which has shed 60% since June 2014, could fall to the $30 level, many were aghast as if to say in unison; we knew the oil situation was bad but not that bad. More...

Vered Weiss On Tuesday, January 27th, 2015

Goldman Sachs’ Gary Cohn Says Oil Will Fall to $30

The falling oil price is good news for the consumer, a catastrophe for oil companies and countries that depend heavily on black gold, but Goldman Sachs chief Gary Cohn thinks oil is going even lower, and More...

Tibi Singer On Friday, January 23rd, 2015

Saudi King Abdullah Is Dead at 90, Should We Care?

King Abdullah of Saudi Arabia, who ascended to the throne on 1 August 2005, at age 80, after his half-brother, King Fahd, had died, is now gone, too. And the world is busy trying to figure out More...

Vered Weiss On Monday, January 19th, 2015

Present Problems, Rather than Predictions, Focus of Davos Economic Forum

As 1, 500 business leaders and 40 heads of state congregate in Davos, Switzerland for the annual meeting of the World Economic Forum (Jan 21-24) there are certain to be prognostications. Many of these predictions More...

Vered Weiss On Monday, January 5th, 2015

Alan Greenspan’s Economic Forecast for 2015: It’s a Coin Toss

Former Federal Reserve chief, Alan Greenspan discussed with Bloomberg how he thinks the Federal Reserve and the U.S. economy will shape up in 2015. He is not optimistic that OPEC will alter its policy and More...

Reuters On Monday, December 29th, 2014

Russian economy suffers first contraction since global crisis

– Russia’s economy shrank sharply in November and the rouble resumed its slide on Monday as Western sanctions and a slump in oil prices combined to inflict the first contraction in GDP since the More...

Reuters On Monday, December 29th, 2014

Oil prices climb on Libya supply worries

– Oil prices rose on Monday, after dropping for the past two sessions, as escalating clashes in Libya stoked worries about supply from the OPEC member. A fire caused by fighting at one of Libya’s More...

Eli Horn On Tuesday, December 23rd, 2014

Oil prices Expected to Bounce Back in 2015, UAE Urges Oil Producers Not to Boost Output

Crude oil prices are likely to bottom out in the first half of 2015, until a possible slowdown in U.S. shale production counters a supply glut exacerbated by OPEC’s decision not to cut output, a Reuters More...

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