News Archive for: September 2015

Oil halted a surge above $46 as investors weighed Iran’s progress toward raising output amid a market glut against signs of reduced U.S. supplies.

Futures fell as much as 1.5 percent in New York, after rebounding 4.5 percent on Monday. Iran took another step toward implementing a deal to curb…

Hedge funds slashed their bets on falling oil prices, leaving them the most bullish in two months as OPEC called for a return to $80 crude.

Money managers’ net-long position in West Texas Intermediate rose by 14,821 contracts to 147,678 futures and options in the week ended Sept. 15, according…

Oil markets were weak on Friday as fresh signs that OPEC will continue to value market share over prices outweighed expectations of a lift when the United States kept interest rates at historic lows.

US West Texas Intermediate (WTI) crude futures were trading at $46.74 per barrel, down 16 cents…

Oil prices were steady in early trade on Thursday after a large US stock draw tightened the market, while traders kept a close eye on whether the Federal Reserve would later in the day raise interest rates for the first time in almost a decade.Higher US interest rates would likely attract…

Sir Ian Wood is to lead a major new taskforce being set up to safeguard the future of the north-east economy and land a multibillion-pound City Deal for the region. The offshore industry doyen has accepted an invitation to head up the area’s new “Economic Leadership Board”.

It will drive…