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Muscat(Qasioun) -Oman’s minister of oil and gas Dr Mohammed bin Hamad Al Rumhy on Sunday said he is confident of a recovery in crude oil prices, after a meeting of Opec and non-Opec members scheduled to take place in Doha, Qatar, to decide on freezing output.According to Dr Al Rumhy, oil...
insurance can trim your tax billsThe world’s most powerful companies use sophisticated strategies to eliminate taxes. If you are a corporate executive, you might be able to take advantage of variations on these strategies — one of them being life and death.Big money is involved. Arecent...
A semiannual bank review of credit lines for U.S. oil and natural gas producers may go a long way toward determining whether there will be a shakeout in the industry this yearand how extensive it might be.In a new report, Standard Poor’s Rating Services said it expects the “borrowing...
Ford's four new SUVs will include 'mini utility,' electric modelsWe only got vague hints today, but Ford's new SUV-filled future looks electricThere was a palatable sense of excitement emanating fromFord'svice president of marketing, sales, and service this morning. Mark LaNeve gave the opening...
Moody's Investors Service is comfortable with its Aaa credit rating on New Zealand with a stable outlook, as it anticipates the impact from lower commodity prices will be offset by strength in areas of the economy such as tourism and education services."Despite the problems we see in the rest of the global...
With the constant barrage of market analysis and opinion onfinancial television, innewspapers, or throughthe Internet - it’s easy to get sucked into the narratives of the day and drama played outin the media. And none are more intense than when stocks are falling.We often hear...
Oil prices scored their biggest one-day gain since 2009Friday after hitting12-year lows a day earlier, as hopes of production cuts by the Organization of the Petroleum Exporting Countries fueled a rally.The roller-coaster ride for crude oil kicked into high gearasthe price of West...
Source: Arthur Andersen, CERIIn 1978 Iran produced 5.2 mmb/d. Religious insurgents overthrew the Shah of Iran in 1979, which caused oil prices to spike and production to decline. Within two years, Iran’s output had fallen by more than 3.5 mmb/d or 68 percent. Sensing a weakened and intensely disliked...
Deputy Federal Reserve chair Bill Dudley said the US economy has momentum to withstand weakness from abroadDudley waded into the debate on Friday, downplaying the likelihood of a rate cut: “To me, that’s not something that should be part of the conversation right now.”The US economy has “quite a...
The Federal Reserve on Wednesday announced liftoff for short-term interest rates — a launch that may send many borrowing costs higher in 2016.The 0.25-percentage-point increase — to a range of 0.25 percent to 0.5 percent — in the federal funds rate was small but important because it signals the...
