A Chinese investor gestures while standing in front of electronic displays showing stock prices in a brokerage house in Beijing, Friday, Jan. 8, 2016. Chinese stocks were volatile Friday and other Asian markets rebounded after a plunge in Chinese prices rattled global markets. (AP Photo/Mark Schiefelbein)

Asia benefiting most from Middle East oil market share battle

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One hundred and seventy-six years after the birth of John Boyd Dunlop, and the crude complex is coming under pressure again. It is Nonfarm Friday, which means that the market is all a’flustered, digesting the soon-to-be-revised official monthly US unemployment report. The report was fairly underwhelming from a headline perspective; only 151,000 jobs were created last […]
A Saudi man walks past a pump at a petrol station on December 28, 2015 in the Red Sea city of Jeddah. Saudi Arabia said it plans to review the prices of heavily-subsidised power and fuel as part of new measures introduced in the face of low oil prices.   AFP PHOTO / AMER HILABIAMER HILABI/AFP/Getty Images

Saudi crude oil exports show continued strength to US, Asia

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Thirty-nine years after Fleetwood Mac’s second album was released, and ‘rumours’ of a production cut and fears of a worsening US economy are pushing and prodding the crude market around today. Commodities are also getting whipsawed around by currency moves. As the US dollar continues to weaken due to growing pessimism about the US economy, […]
Categories: Asia, Crude oil, Middle East
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Former Vice President Dick Cheney speaks in Washington, Sept. 10, 2014. Cheney, who was a sponsor of the brutal interrogation tactics used on detainees suspected of being linked to al-Qaida, on Sunday escalated his counterattack on the Senate Intelligence Committee's report, which found that the CIA's now-defunct program violated American values and produced little useful intelligence. (Doug Mills/ The New York Times)

Cheney chides Obama on fossil fuel stance, lifting Iran sanctions

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Cheney said the U.S. should get more involved with energy diplomacy to weaken its enemies

Crude market share battle between Saudi Arabia and Iran to heat up

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One hundred and thirty-one years after the first rollercoaster was patented by L.A. Thompson, and the crude complex is aboard the big dipper once more. As global equity markets look set to enter bear market territory, and fears persist that the oil market could ‘drown in oversupply’, crude continues to tumble lower and lower. And […]
Categories: Asia, Crude oil, Middle East
A pedestrian walks past an electronic stock board displaying an advertisement for Chinese stocks outside securities firm in Tokyo, Japan, on Thursday, Jan. 7, 2016. Japanese stocks fell for a fourth day, extending a global slide that's seen shares post their worst start to a year since 2000, after China again cut the reference rate for the yuan and trading in the world's second-biggest equity market was halted. Photographer: Tomohiro Ohsumi/Bloomberg

Global stocks routed again as oil slide seems bottomless

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Benchmark U.S. crude for March delivery was down 87 cents, or 3.1 percent, at $27.59 per barrel in electronic trading on the New York Mercantile Exchange.
A woman walks past a Sinopec neon sign in Hong Kong 30 October 2006 .

Sinopec sees oil sands venture improving on larger suncor stake

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Suncor secured a deal to buy Canadian Oil Sands for about C$4.2 billion ($2.9 billion) by sweetening its offer after earlier bids were rejected.
A job recruitment advertisement hangs on the Petronas booth during the Offshore Technology Conference in Reliant Center on May 4, 2011. (Photo: Johnny Hanson/Houston Chronicle)

Petronas to cut spending by $11.4 billion over 4 years

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The Malaysian state oil company will go through another round of cuts to capital and operating expenditure, the Wall St. Journal reported, citing an internal memo.
Categories: Asia, Crude oil
(AP Photo/Xinhua, Jin Liangkuai)

China offshore giant to cut oil output for first time since 1999

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Total spending last year missed the company’s original target, highlighting how producers have struggled with oil’s plunge to a 12-year low.
Chevron's Gorgon LNG project is shown when it was  under construction in Australia. (Photo: Chevron)

Chevron signs second China LNG deal as Gorgon production nears

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The U.S. company is preparing to begin shipments from its $54 billion Gorgon project off northwest Australia.
Categories: Asia, Australia, LNG
Oil workers pass a pumping unit, also known as a "nodding donkey" or pumping jack, left, at a drilling site operated by Tatneft OAO near Almetyevsk, Russia, on Friday, July 31, 2015. Eleven months of surviving with oil below $100 have left Russia hardened enough to endure a monthlong drop to $40 a barrel, a survey of economists showed. Photographer: Andrey Rudakov/Bloomberg

Morgan Stanley: Oil could fall to $20 on dollar strength

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Brent crude capped its third annual decline in 2015 and has already lost more than 11 percent so far this year.