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Oil price to reach $80 by 2017 – Iranian oil minister
Iran hopes its crude oil exports will be back to the pre-sanctions level of 2.5 million barrels per day (bpd) and the oil price to rise to around $80 a barrel by end of 2016, according to Iran’s Deputy Oil Minister Rokneddin Javadi.

18.05.2015 07:04

Saudi Arabia claims success in tussle for oil market share
Saudi Arabia claims its oil price policy of taking investment away from US shale producers and other foreign competitors is succeeding. The OPEC kingpin continues pumping near record volumes to win market share in the global oil ‘battle’.

14.05.2015 07:35

IEA: Battle for global oil market share just started
Global oil supply remained flat in the first quarter of 2015, as slowing shale output in the US was offset by OPEC and increased supply from "unsuspected corners," such as Vietnam, Malaysia and China, according to the International Energy Agency (IEA).

13.05.2015 07:23

World food prices at 5-yr low, unlikely to rise – UN
Global food prices continued to decline and fell to their lowest since 2010 on lower agricultural commodities prices the UN Food and Agriculture Organization (FAO) said. More supplies and a strong US dollar have kept prices under downward pressure.

07.05.2015 08:46

Brent oil price hits five-month record, highest in 2015
The price for Brent futures reached a new high for 2015, rising above $68 a barrel on the London ICE stock exchange. The recovery in oil prices prompted a strengthening in Russia’s currency, causing the dollar to fall below 51 rubles.

05.05.2015 14:38

​Let Allah decide oil price - Saudi oil minister
Only Allah can determine the future of oil prices, said Saudi Oil Minister Ali al-Naimi, adding that neither Saudi Arabia nor OPEC can really control them anymore.

05.05.2015 12:50

Oil Price hits high for 2015
The price of Brent crude reached $67.08 per barrel on the London Stock Exchange ICE, the highest since the end of 2014.

04.05.2015 14:31

​Uber-expensive: NYC passenger cops $16k bill for 6-mile taxi ride
No one expects a bargain in the Big Apple, but one Brooklyn resident had the surprise of her life when Uber tried to charge her over $16,000 for a taxi ride covering less than 7 miles (11km).

22.04.2015 12:19

Putin urges to fill Russian market with domestic food quickly
Russian President Vladimir Putin has tasked the new Agriculture Minister Aleksandr Tkachyov with strengthening the sector and solving import substitution goal quickly. Western food imports have been banned following the US and EU anti-Russia sanctions.

22.04.2015 10:28

If a Clinton were to marry a Bush, the US could cancel elections
With apologies to their respective spouses, if Jeb Bush’s son, George P. Bush, had married Chelsea Clinton, Americans could have spared themselves the spectacle of Election 2016 and saved billions of dollars.

22.04.2015 10:23

$75k income not enough to keep a third of US households from living paycheck-to-paycheck
A third of higher income Americans are living paycheck-to-paycheck, even when they earn $75,000 a year because they would rather spend money on eating out and experiences than save money for retirement, according to a new survey.

17.04.2015 16:19

The winners & losers of cheap oil – Bloomberg research
The dramatic 50 percent decline in oil prices which started last summer had a relatively small impact on the global economy with 0.7 percent GDP growth worldwide, the IMF estimates. However, cheap oil has affected major economies differently.

16.04.2015 09:16