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Results for news from the Financial Times with keyword SAUDIS DECIDED PROP OIL
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Markets
Why investors’ view on oil has just pivoted
Market is fretting about slowing Chinese manufacturers, rather than cheer on reviving US consumers
... two polar forces balance out will determine whether cheaper oil proves to be a Good or a Bad Thing. ... ... two polar forces balance out will determine whether cheaper oil proves to be a Good or a Bad Thing. ... ... two polar forces balance out will determine whether cheaper oil proves to be a Good or a Bad Thing. ... ... reviving American consumers. How these two polar forces balance out will determine whether cheaper oil proves to be a Good or a Bad Thing. ...
Fri, 12 Dec 2014 19:18:04 GMT

UK Equities
Petrofac leads London’s oil sector lower
Losses across Europe for oil stocks and Greece-exposed shares
... ower. Hargreaves Lansdown fell 3.6 per cent to 918.5p, while Friends Life lost 2.2 per cent to 359p. ... ... ower. Hargreaves Lansdown fell 3.6 per cent to 918.5p, while Friends Life lost 2.2 per cent to 359p. ... ... ower. Hargreaves Lansdown fell 3.6 per cent to 918.5p, while Friends Life lost 2.2 per cent to 359p. ... ... , it expected no strong rebound in capital expenditure from the oil producers. “The key risks are oil price volatility and project execution which can be variable by contractor,” said Mr Yoshida. ...
Fri, 12 Dec 2014 11:09:57 GMT

US Equities
Energy stocks spoil S&P year-end party
US S&P 500 energy sector down 14.7% this year
... the positive impact of increased consumption and lower energy costs on overall S&P profits.” ... ... the positive impact of increased consumption and lower energy costs on overall S&P profits.” ... ... the positive impact of increased consumption and lower energy costs on overall S&P profits.” ... ... ack gold has prompted several analysts on Wall Street to recant their previously bullish views that oil prices were poised to stabilise and even rebound. “The S&P 500 is much more levered to th ...
Fri, 12 Dec 2014 09:32:55 GMT

Commodities
oil falls further as IEA cuts 2015 forecast
Energy watchdog says rout in prices has not stimulated buying
... medium-term oil report — its five year outlook — in February 2015, compared with June this year. ... ... , in line with Opec’s own revisions. This is below the existing 30m b/d output target the cartel decided to stick to at its Vienna meeting last month, despite calls from some economically vulnerabl ... ... medium-term oil report — its five year outlook — in February 2015, compared with June this year. ... ... he IEA. Amid ongoing volatility in the oil market, the IEA has said it will launch its medium-term oil report — its five year outlook — in February 2015, compared with June this year. ...
Fri, 12 Dec 2014 09:00:34 GMT

Markets
Asia equities mixed after oil slide
Nikkei up ahead of Japan’s election this weekend
... ies of a rate cut in February to an insignificant 16 per cent and a cut by March to 50 per cent.” ... ... ies of a rate cut in February to an insignificant 16 per cent and a cut by March to 50 per cent.” ... ... ies of a rate cut in February to an insignificant 16 per cent and a cut by March to 50 per cent.” ... ... everyone is ignoring the turmoil in the energy space,” said Stan Shamu, strategist at IG. Falling oil and iron ore prices have caused market havoc in recent weeks. But analysts at Barclays note that ...
Fri, 12 Dec 2014 06:11:11 GMT

property
Commercial property lending bounces back
Loan volumes rise as alternative lenders ramp up
... ders were prepared to back new developments which did not have a tenant in place, De Montfort found. ... ... ders were prepared to back new developments which did not have a tenant in place, De Montfort found. ... ... ace called on lenders to back more speculative development schemes — one of the riskiest areas of property lending, because of the danger of fuelling an oversupply of new construction. “While lend ... ... ders were prepared to back new developments which did not have a tenant in place, De Montfort found. ...
Fri, 12 Dec 2014 00:12:54 GMT

Commodities
Mexico sets rules for historic oil tender
Terms impose five-block limit and ban oil majors from teaming up
... s to date. The deepwater exploration tenders are seen as the biggest prize in the auction process. ... ... s to date. The deepwater exploration tenders are seen as the biggest prize in the auction process. ... ... fter the process was questioned. Mexico has never held an oil auction before: until the state’s expropriation of the oil industry in 1938, Mexico awarded contracts on a discretionary basis; Pemex th ... ... s questioned. Mexico has never held an oil auction before: until the state’s expropriation of the oil industry in 1938, Mexico awarded contracts on a discretionary basis; Pemex then took over the se ...
Thu, 11 Dec 2014 23:27:16 GMT

US Economy
Low oil price fires up US consumers
Jump in retail sales points to strength of economy
... of gains from falling oil prices, by contrast, is why they have such a strong effect on consumption. ... ... of gains from falling oil prices, by contrast, is why they have such a strong effect on consumption. ... ... of gains from falling oil prices, by contrast, is why they have such a strong effect on consumption. ... ... tributed with rich households getting the most benefit. The even distribution of gains from falling oil prices, by contrast, is why they have such a strong effect on consumption. ...
Thu, 11 Dec 2014 17:29:45 GMT

Commodities
oil prices hold close to five-year low
Analysts forecast further decline as Opec sustains output
... e or outside Opec. The second half of 2015 will prove to be particularly interesting,” she added. ... ... e or outside Opec. The second half of 2015 will prove to be particularly interesting,” she added. ... ... e or outside Opec. The second half of 2015 will prove to be particularly interesting,” she added. ... ... tions over demand but also supply next year will be. If non-Opec supply, particularly from US shale oil production, proves more responsive to the current price environment than currently expected, the ...
Thu, 11 Dec 2014 10:43:33 GMT

Globaleconomy
Norway cuts rates over tumbling oil price
Krone falls sharply as central bank says another reduction possible
... markedly, which is helping to dampen the effects on the Norwegian economy and underpin inflation.” ... ... markedly, which is helping to dampen the effects on the Norwegian economy and underpin inflation.” ... ... pendence on oil and has so far resisted the pleas of trade unions representing petroleum workers to prop up the sector. Some economists argue Norway is ill-prepared for the eventual end of oil product ... ... wegian economy have weakened. Activity in the petroleum industry is softening and the sharp fall in oil prices is likely to amplify this tendency. This will have spillover effects on the wider economy ...
Thu, 11 Dec 2014 10:19:44 GMT

Markets
oil price slide weighs on Asia equities
Hang Seng and Nikkei both lower as crude drops below $65
... nd other efforts to stimulate the economy, machine orders were down 4.9 per cent from a year before. ... ... nd other efforts to stimulate the economy, machine orders were down 4.9 per cent from a year before. ... ... nd other efforts to stimulate the economy, machine orders were down 4.9 per cent from a year before. ... ... y 06:00 GMT. Equities across Asia-Pacific were in retreat after a new five-year low in the price of oil put investors on edge. The price of crude fell below $65 a barrel on Wednesday, for the first ti ...
Thu, 11 Dec 2014 06:06:07 GMT

US Equities
US airlines benefit from lower oil prices
Carriers among this year’s best performing members of S&P 500
... gy-heavy Nasdaq Composite slipped 0.6 per cent to 4,739.30. eric.platt@ft.com Twitter: @ericgplatt ... ... gy-heavy Nasdaq Composite slipped 0.6 per cent to 4,739.30. eric.platt@ft.com Twitter: @ericgplatt ... ... gy-heavy Nasdaq Composite slipped 0.6 per cent to 4,739.30. eric.platt@ft.com Twitter: @ericgplatt ... ... s Petroleum and Goodrich Petroleum shares tumbled after the two said they would cut expenditures on oil production as crude prices slide. Goodrich, which said it would also explore the sale of assets ...
Wed, 10 Dec 2014 18:17:04 GMT

Commodities
oil below $65 for first time in 5 years
Bearish Opec lowers demand forecast amid increasing US shale output
... ters in Lima. “This is a market and I’m selling in a market. Why should I cut?” More video ... ... 0 b/d from previous estimates. It is also well below the existing 30m b/d output target the cartel decided to stick to at its Vienna meeting last month, despite calls from some countries for a produc ... ... ters in Lima. “This is a market and I’m selling in a market. Why should I cut?” More video ... ... ec gave no sign that it will cut output. “Why should I cut production?” Ali Al-Naimi, the Saudi oil minister, told reporters in Lima. “This is a market and I’m selling in a market. Why should ...
Wed, 10 Dec 2014 16:42:26 GMT

Transport
Rivals and oil price weigh on Stagecoach
Rail success bolsters earnings but UK and US bus growth lower than forecast
... state control of services. Stagecoach shares were down more than 5 per cent this morning at 382.5p. ... ... state control of services. Stagecoach shares were down more than 5 per cent this morning at 382.5p. ... ... state control of services. Stagecoach shares were down more than 5 per cent this morning at 382.5p. ... ... ing the Thanksgiving holiday was very poor because of bad weather, the group said. The fall in the oil price also weighs on its US outlook, as people opt for their cars as driving becomes cheaper. Ho ...
Wed, 10 Dec 2014 10:10:26 GMT

The Commodities Note
oil price plunge means survival of fittest
Crude at $70 puts at least 1.5m b/d of projects for 2016 at risk
... territory. The Commodities Note is an online commentary on the industry from the Financial Times ... ... territory. The Commodities Note is an online commentary on the industry from the Financial Times ... ... territory. The Commodities Note is an online commentary on the industry from the Financial Times ... ... tick in demand from other growing countries such as India or will governments use a period of lower oil prices to rein in subsidies? It will take a longer period of lower prices for balances to reall ...
Wed, 10 Dec 2014 08:19:24 GMT

Capital Markets
oil fall exposes ‘cov-lite’ energy bonds
Weak investor safeguards mean buyers may face losses
... ng the 67 non-financial sectors it has studied. With additional reporting by Ed Crooks in New York ... ... ng the 67 non-financial sectors it has studied. With additional reporting by Ed Crooks in New York ... ... ng the 67 non-financial sectors it has studied. With additional reporting by Ed Crooks in New York ... ... ugh their networks rather than owning or producing the commodities. However, a sharp slowdown in US oil production caused by falling prices would nevertheless be expected to hit midstream companies by ...
Tue, 09 Dec 2014 20:53:57 GMT

Equities
Gulf stocks hit by falling oil prices
Dubai market is biggest faller, down as much as 6.7 per cent
... rves, which means they are insulated from the currency turmoil rattling many other emerging markets. ... ... rves, which means they are insulated from the currency turmoil rattling many other emerging markets. ... ... abi’s benchmark index fell 2.4 per cent to a six-month low. Although the Gulf states were leading proponents of the Opec oil cartel keeping production unchanged to allow oil prices to fall and put p ... ... the US dollar, backed by burgeoning reserves, which means they are insulated from the currency turmoil rattling many other emerging markets. ...
Tue, 09 Dec 2014 19:24:54 GMT

UK Equities
oil service sector sell-off hits Amec
FTSE 100 pushed down 2%
... ount for nearly half of Vodafone’s service revenue growth over the next three years, said Merrill. ... ... ount for nearly half of Vodafone’s service revenue growth over the next three years, said Merrill. ... ... bury was 1.8 per cent weaker at 231.6p. “Tesco has many ways to free up cash to invest in the UK proposition,” said Merrill Lynch. “A prolonged price war therefore looks likely to us.” A slum ... ... e business services sector lower on a downgrade from Credit Suisse. Citing Intertek’s exposure to oil and gas infrastructure spending, the broker preferred G4S, up 2.1 per cent to 279.8p. Vodafone s ...
Tue, 09 Dec 2014 19:01:55 GMT

Columnists
For Saudi Arabia, plunging oil prices are a political weapon
The Wahhabi nation’s visceral hatred of its Shia rivals should be factored into the equation
... ing. As recently as September the saudis were actually increasing supply to a glutting market. The saudis have never abandoned the use of petrodollars for political ends; it is its principal diplomat ... ... ing party of Iraq. Markets of course influence oil prices; but so do viscera. david.gardner@ft.com ... ... ing party of Iraq. Markets of course influence oil prices; but so do viscera. david.gardner@ft.com ... ... e Da’wa” – the Tehran-aligned Shia Islamist ruling party of Iraq. Markets of course influence oil prices; but so do viscera. david.gardner@ft.com ...
Tue, 09 Dec 2014 16:44:47 GMT

oil Amp Gas
Funds press oil groups on climate change
Energy companies urged to explain plans ahead of global warming deal next year
... cial stability if the world’s proven coal, oil and gas reserves turned out to be “unburnable”. ... ... cial stability if the world’s proven coal, oil and gas reserves turned out to be “unburnable”. ... ... stress testing for climate risk within key business processes and investment decisions”. “The appropriate response of policy makers to deal with climate change will impact the profitability of mor ... ... ing the risks fossil fuel companies might pose to financial stability if the world’s proven coal, oil and gas reserves turned out to be “unburnable”. ...
Tue, 09 Dec 2014 11:01:17 GMT

The Commodities Note
oil prices: boom, bust and boom again
More volatility to come as market takes over as price stabiliser
... from the Financial Times Paul Horsnell is the head of commodities research at Standard Chartered ... ... from the Financial Times Paul Horsnell is the head of commodities research at Standard Chartered ... ... from the Financial Times Paul Horsnell is the head of commodities research at Standard Chartered ... ... olatility in oil prices is nothing new. However, the main danger for the global economy is that the oil industry will respond the way it always has done. If non-Opec investment is slashed once more, a ...
Tue, 09 Dec 2014 08:06:37 GMT

Automobiles
Low oil prices bolster Indian car sector
Domestic passenger car sales up 10%
... Morgan suggested had risen slightly in November, having continued to fall since the middle of 2014. ... ... Morgan suggested had risen slightly in November, having continued to fall since the middle of 2014. ... ... Morgan suggested had risen slightly in November, having continued to fall since the middle of 2014. ... ... ving continued to fall since the middle of 2014. ...
Tue, 09 Dec 2014 07:04:04 GMT

Energy
Saudi in ‘race against time’ to cut reliance on oil
Lead adviser acknowledges climate change liabilities
... three major players — consumers, producers and investors — all had to be working well together. ... ... three major players — consumers, producers and investors — all had to be working well together. ... ... three major players — consumers, producers and investors — all had to be working well together. ... ... tment. More work is needed before we can come to this stage,” he said. Mr Abuleif was speaking as oil prices slumped again in the wake of Opec’s decision not to cut production, but said he could n ...
Mon, 08 Dec 2014 23:51:11 GMT

Beyondbrics
oil and dollar hammer emerging markets
Developing currencies fall to 14-year low
... en are a good measure of the way the market has shifted.” Additional reporting by Andrew England ... ... en are a good measure of the way the market has shifted.” Additional reporting by Andrew England ... ... en are a good measure of the way the market has shifted.” Additional reporting by Andrew England ... ... kest close since October. “Turkey is supposed to be one of the biggest beneficiaries of declining oil prices,” said Murak Toprak, an analyst at HSBC. “The moves we’ve seen are a good measure o ...
Mon, 08 Dec 2014 18:49:01 GMT

US Equities
US oil stocks drop as crude prices slide
Drop in Chinese imports stokes fears that demand is shrinking
... 0.1 per cent to 17,948.91, and the technology-heavy Nasdaq Composite was little changed at 4,780.36. ... ... ed drop in Chinese oil imports stoked fears that global demand for oil may be shrinking, after Opec decided not to cut production despite higher than expected supplies. ConocoPhillips, one of the thre ... ... 0.1 per cent to 17,948.91, and the technology-heavy Nasdaq Composite was little changed at 4,780.36. ... ... after it cut capital spending for this year by a third last week. Lightstream Resources, a Calgary oil producer, slipped 11 per cent. US equities were little changed on Monday, as investors digested ...
Mon, 08 Dec 2014 18:15:28 GMT

oil Amp Gas
Conoco slashes investment after oil slump
Top three US producer cuts spending by a fifth
... l gas export project in eastern Australia, and Surmont Phase 2, an oil sands development in Canada. ... ... l gas export project in eastern Australia, and Surmont Phase 2, an oil sands development in Canada. ... ... l gas export project in eastern Australia, and Surmont Phase 2, an oil sands development in Canada. ... ... r, are its APLNG liquefied natural gas export project in eastern Australia, and Surmont Phase 2, an oil sands development in Canada. ...
Mon, 08 Dec 2014 17:19:31 GMT

oil Amp Gas
oil producers feel pinch of price slide
Moody’s issues a warning to Gulf states as crude hits 5-year low
... revenue. The introduction of new taxes, most likely indirect, would be a last resort.” More video ... ... 40 per cent of the world’s crude, has traditionally reined in output to stall falling prices, but decided not to reduce its 30m b/d target at its twice yearly gathering in Vienna last month. Moody ... ... revenue. The introduction of new taxes, most likely indirect, would be a last resort.” More video ... ... nhancing measures would most likely start with adjustments to existing taxes, tariffs and other non-oil revenue. The introduction of new taxes, most likely indirect, would be a last resort.” More vi ...
Mon, 08 Dec 2014 15:00:03 GMT

Latin America Amp Caribbean
oil price plunge raises Mexico concerns
Government unsettled as it prepares to auction oil and gas blocks
... be minimum equity partners [in some] to get a foothold in Mexico and grow from there,” she said. ... ... be minimum equity partners [in some] to get a foothold in Mexico and grow from there,” she said. ... ... be minimum equity partners [in some] to get a foothold in Mexico and grow from there,” she said. ... ... r, has an office in Mexico, noted Lisa Viscidi at the Inter-American Dialogue, and Mexico’s state oil company Pemex has just signed Chinese financing and co-operation agreements. “I don’t expec ...
Mon, 08 Dec 2014 14:04:46 GMT

Politics Amp Society
Libya’s central bank rivals vie to control oil earnings
Chaos and violence is exacerbated by dual governments taking control of key institutions
... are doing and the conflict persists, reserves will be depleted in four years,” said Mr El Qorchi. ... ... are doing and the conflict persists, reserves will be depleted in four years,” said Mr El Qorchi. ... ... are doing and the conflict persists, reserves will be depleted in four years,” said Mr El Qorchi. ... ... El Qorchi, the International Monetary Fund mission chief for Libya. He reckons the country needs an oil price of $135 a barrel at current production levels to balance its budget, which was $47bn this ...
Mon, 08 Dec 2014 07:24:18 GMT

UK Economy
oil price fall offers UK economic fillip
Survey suggests ‘tailwind for growth’ and help to alleviate cost pressures
... n October to 103.9 in November as companies fretted about the implications of the eurozone’s woes. ... ... n October to 103.9 in November as companies fretted about the implications of the eurozone’s woes. ... ... n October to 103.9 in November as companies fretted about the implications of the eurozone’s woes. ... ... hat should boost consumers’ spending power and support economic growth, he said. “With cheaper oil and cheap money, we expect UK real GDP growth to again exceed consensus in 2015,” he added. Mo ...
Mon, 08 Dec 2014 00:01:22 GMT

Iran
Iran says budget not hit by fall in oil price
President will seek to cut spending and increase taxes as he tries to boost economy
... e in its budget as improving the health sector remains one of the top priorities of the government. ... ... e in its budget as improving the health sector remains one of the top priorities of the government. ... ... e in its budget as improving the health sector remains one of the top priorities of the government. ... ... past two decades to about 31.5 per cent next year. “The government has decreased its reliance on oil but increased its reliance on tax revenues [in real terms] by about 45 per cent,” said Saeed L ...
Sun, 07 Dec 2014 19:29:19 GMT

Bold and sold: Obama spoils diplomacy
Washington should keep its friendships in good repair
... say — even in the world’s oldest democracy. But not to this degree, surely? edward.luce@ft.com ... ... say — even in the world’s oldest democracy. But not to this degree, surely? edward.luce@ft.com ... ... say — even in the world’s oldest democracy. But not to this degree, surely? edward.luce@ft.com ... ... good repair. On that count, Mr Obama’s record leaves a lot to be desired. To the victor go the spoils, they say — even in the world’s oldest democracy. But not to this degree, surely? edward.lu ...
Sun, 07 Dec 2014 19:24:26 GMT

Energy
Low oil price sees BP consider jobs cuts
Energy major accelerates plans to cut headcount in reaction to the almost 40% fall since the summer
... upstream portfolio. Shares in BP have fallen 13 per cent this year, and closed on Friday at 424.5p. ... ... il closed at its lowest level in five years last week after members of the Opec producers’ cartel decided to maintain a 30m-barrel-a-day production ceiling, owing to worries of oversupply. Analysts ... ... upstream portfolio. Shares in BP have fallen 13 per cent this year, and closed on Friday at 424.5p. ... ... got flexibility in our programme to trim into next year if that’s what we need in a new world of oil at $70 or $60, or whatever the number is.” BP has an investor day on Wednesday to give an upd ...
Sun, 07 Dec 2014 18:00:38 GMT

Globaleconomy
oil rout stresses urgency of climate deal
Low prices could lead countries to cut investments in renewable energy and low-emission projects
... g more and more the realisation that investment in fossil fuel is actually a high risk,” she said. ... ... 90 countries opened on Monday at the same time as oil prices hit a five-year low after Opec nations decided not to cut production. A prolonged dip in prices has the potential to boost the use of gas-g ... ... g more and more the realisation that investment in fossil fuel is actually a high risk,” she said. ... ... In Lima, another development in the energy sector this week provoked almost as much speculation as oil prices: the decision by Germanys’ biggest power utility, Eon, to spin off its fossil fuel and ...
Sun, 07 Dec 2014 16:37:19 GMT

Commodities
Supply glut fears push oil lower
Brent set to close below $70 for first time since 2010
... t 300,000 barrels a day before it went offline because of clashes between armed groups. More video ... ... $65.82. Brent, the international crude market, dropped by almost 20 per cent last month after Opec decided to maintain its 30m-a-day production ceiling, in a significant departure from its traditiona ... ... production ceiling, in a significant departure from its traditional policy of cutting production to prop up falling oil prices. By resisting calls for a cut, analysts said Saudi Arabia, Opec’s larg ... ... Also weighing on prices, according to analysts, was the imminent return to production of a Libyan oilfield. El Sharara was pumping about 300,000 barrels a day before it went offline because of clas ...
Fri, 05 Dec 2014 18:21:03 GMT

oil Amp Gas
Leniency expected from oil lenders
Fitch rating agency says banks likely to show forbearance rather than push towards bankruptcy
... Williams was one that had hedged less than half its production for next year, according to Fitch. ... ... Williams was one that had hedged less than half its production for next year, according to Fitch. ... ... Williams was one that had hedged less than half its production for next year, according to Fitch. ... ... ted a takeover offer from local rival Whiting Petroleum. Linn Energy, Breitburn Energy and offshore oil producer Energy XXI are among the companies that have less than half of their revolving credit f ...
Fri, 05 Dec 2014 11:35:39 GMT

Chinese Economy
China property set for demographic hit
Research points to age group accounting for most home purchases to shrink rapidly
... just one year after an enormous real estate bubble began to deflate. Additional reporting by Gu Yu ... ... just one year after an enormous real estate bubble began to deflate. Additional reporting by Gu Yu ... ... g long-term challenge. “From 2015 China’s house-buying demographic will start to shrink and the property market will undergo a structural shift in demand,” Mr Ai told the Financial Times. “We ... ... just one year after an enormous real estate bubble began to deflate. Additional reporting by Gu Yu ...
Fri, 05 Dec 2014 11:12:33 GMT

UK Economy
oil price fall ‘horrible’ for North Sea
Industry veteran Sir Ian Wood calls for urgent government action on tax reforms
... difficult projects that were supported by the previous approach of complex specific allowances.” ... ... difficult projects that were supported by the previous approach of complex specific allowances.” ... ... specialist at PwC in Aberdeen, said of the proposed reforms: “It remains to be seen if there is appropriate balance between the benefit of simplicity and the need to encourage investment. In particu ... ... ity; we are all looking again at how competitive investing in the North Sea is.” Alistair Dunbar, oil and gas tax specialist at PwC in Aberdeen, said of the proposed reforms: “It remains to be see ...
Thu, 04 Dec 2014 21:04:30 GMT

oil Amp Gas
US oil reserves at highest since 1975
Shale revolution transforms country’s energy supply outlook
... line has come only at the end of the year, so the average price for 2014 as a whole will be higher. ... ... t, the international benchmark, fell 18 per cent last month alone as Opec, the producers’ cartel, decided not to cut output. Brent was trading just below $70 a barrel on Thursday afternoon. Last yea ... ... line has come only at the end of the year, so the average price for 2014 as a whole will be higher. ... ... eflect their plans for drilling over the next five years. The 2013 estimate is based on an average oil price of about $97 per barrel for US benchmark crude. Crude’s fall to about $67 this week mean ...
Thu, 04 Dec 2014 19:23:20 GMT

Europe
Swedish turmoil is a warning to Europe
Populists are disrupting the traditional electoral arithmetic
... pset that and replace it with political uncertainty. richard.milne@ft.com Twitter: @rmilneNordic ... ... pset that and replace it with political uncertainty. richard.milne@ft.com Twitter: @rmilneNordic ... ... eam. It is unlikely that any of the four centre-right parties will agree to the Sweden Democrats’ proposals to slash immigration by 90 per cent. But several newspaper editorialists have urged them t ... ... ther its famed social model or how to deal with a financial crisis. But this week’s political turmoil in Stockholm risks turning Sweden into a harbinger of the instability populist parties are able ...
Thu, 04 Dec 2014 17:05:14 GMT

Politics Amp Policy
Tobacco groups attack proposed levy
Chancellor calls on industry to make greater contribution
... trade of cigarettes instead of “coming up with ways to attack a legitimate UK business sector”. ... ... trade of cigarettes instead of “coming up with ways to attack a legitimate UK business sector”. ... ... ”. ... ... trade of cigarettes instead of “coming up with ways to attack a legitimate UK business sector”. ...
Thu, 04 Dec 2014 13:21:04 GMT

Markets
CTAs riding high on back of tumbling oil
Trend-following hedge funds outperforming sector as factors swing in their favour
... bn AQR Managed Futures Strategy fund returned 9.3 per cent and is now up 6.4 per cent, year to date. ... ... bn AQR Managed Futures Strategy fund returned 9.3 per cent and is now up 6.4 per cent, year to date. ... ... bn AQR Managed Futures Strategy fund returned 9.3 per cent and is now up 6.4 per cent, year to date. ... ... momentum, which is what they need. However, they have done extremely well from the dollar and from oil.” Retail investors also piled into managed futures through mutual funds that replicate hedge f ...
Thu, 04 Dec 2014 09:54:35 GMT

Commodities
Extreme oil bears gamble on $40 crude
Such ‘put options’ are likely to be a low-risk, low-cost bet, analysts say
... mission. The commission took its latest snapshot on November 25, two days before the Opec decision. ... ... mission. The commission took its latest snapshot on November 25, two days before the Opec decision. ... ... mission. The commission took its latest snapshot on November 25, two days before the Opec decision. ... ... t $75 a barrel a year from now. More video Industry executives said it was highly unlikely that an oil producer bought the put options, as it would be paying a premium to lock in a loss. Instead they ...
Thu, 04 Dec 2014 09:09:32 GMT

property
Standard Life set to target property debt
Alternative lenders stepping into gap in market after banks scaled back exposure
... ised €300m. The fund will use 50 per cent gearing, giving it a total spending capacity of €600m. ... ... ised €300m. The fund will use 50 per cent gearing, giving it a total spending capacity of €600m. ... ... office buildings are back near the record lows experienced in 2007 before the financial crisis. But property returns still appeal to many investors in comparison to other asset classes such as equitie ... ... ised €300m. The fund will use 50 per cent gearing, giving it a total spending capacity of €600m. ...
Thu, 04 Dec 2014 08:27:41 GMT

oil Amp Gas
Santos axes €500m debt issue amid oil slide
Australian oil and gas producer to cut costs as price of crude falls
... itioned to buy assets cheaply at the bottom of the cycle, adding value for shareholders,” he said. ... ... itioned to buy assets cheaply at the bottom of the cycle, adding value for shareholders,” he said. ... ... itioned to buy assets cheaply at the bottom of the cycle, adding value for shareholders,” he said. ... ... uld be in a stronger position when there is reduced appetite from bond markets to issue new debt to oil companies. “Some company such as Woodside with minimal debt is very well positioned to buy ass ...
Thu, 04 Dec 2014 05:09:36 GMT

Currencies
Dollar rally fuelled by weaker oil
Dollar index at its highest level since March 2009
... count surplus overseas, it is difficult to see a materially weaker euro driven by the ECB alone”. ... ... count surplus overseas, it is difficult to see a materially weaker euro driven by the ECB alone”. ... ... count surplus overseas, it is difficult to see a materially weaker euro driven by the ECB alone”. ... ... ting that the dollar will rally further against the currencies of countries most exposed to falling oil and commodity prices – including the Australian dollar, which hit a fresh four-year low on Wed ...
Wed, 03 Dec 2014 18:06:40 GMT

Politics Amp Policy
North Sea oil tax burden eased
Supplementary charge on profits trimmed to 30%
... on Wednesday as a key cause for lowering its predictions of Treasury receipts in the coming years. ... ... on Wednesday as a key cause for lowering its predictions of Treasury receipts in the coming years. ... ... ed that Danny Alexander, the Liberal Democrat chief secretary of the Treasury, would outline fuller proposals from the government aimed at maintaining investment in the North Sea at a presentation in ... ... . A likely fall in receipts from North Sea operators as a result of lower prices commanded by their oil and gas output was also noted by the Office for Budget Responsibility on Wednesday as a key caus ...
Wed, 03 Dec 2014 16:35:33 GMT

Capital Markets
Asset managers cut oil debt exposure
Speculative grade energy bonds seen coming under default pressure
... dustry that accounts for only a sixth, 181 out of 1,089, of high-yield issuers,” said Mr Fridson. ... ... dustry that accounts for only a sixth, 181 out of 1,089, of high-yield issuers,” said Mr Fridson. ... ... dustry that accounts for only a sixth, 181 out of 1,089, of high-yield issuers,” said Mr Fridson. ... ... iven the “significant over-representation” of energy issuance in the market. More video “If oil price weakness persists, fundamental analysis will be particularly important, even for investmen ...
Wed, 03 Dec 2014 15:49:55 GMT

oil Amp Gas
Norway’s oil fund to remain oil investor
Government advisers say $870bn fund can hold fossil fuel shares
... that the fund has every opportunity to be a good owner from a financial and ethical perspective.” ... ... that the fund has every opportunity to be a good owner from a financial and ethical perspective.” ... ... that the fund has every opportunity to be a good owner from a financial and ethical perspective.” ... ... wever, while several big investors have sold out of coal, relatively few have sold out of all their oil and gas holdings too. The Norwegian report argued that fossil fuels would remain part of the ene ...
Wed, 03 Dec 2014 14:38:03 GMT

Chinese Economy
oil price slide a mixed blessing for China
Despite a drop in import costs, many of the benefits of cheaper crude do not apply in the country
... es at multiyear lows. Additional reporting by Owen Guo lucy.hornby@ft.com Twitter: @HornbyLucy ... ... es at multiyear lows. Additional reporting by Owen Guo lucy.hornby@ft.com Twitter: @HornbyLucy ... ... ns. More worryingly, they also create vulnerable links in the chain of lending rings that can often prop up local economies. “Particularly [the remote northeast province of] Heilongjiang is getting ... ... jiang, the ethnically divided region that is home to 40 per cent of China’s coal as well as major oil and gasfields, recently wrested the right to tax local retail products sales from China National ...
Wed, 03 Dec 2014 03:46:18 GMT



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Business
GE's oil and Gas Gambit Falters
oil and gas has been an exclamation point for General Electric Co. in recent years, as the company sought to take advantage of global demand for new energy resources. Now it’s starting to look like a question mark.
... r three years, that’s another thing entirely.” Write to Ted Mann at ted.mann@wsj.com ... ... r three years, that’s another thing entirely.” Write to Ted Mann at ted.mann@wsj.com ... ... r three years, that’s another thing entirely.” Write to Ted Mann at ted.mann@wsj.com ... ... on’t know the duration,” said Scott Davis, an analyst who covers GE for Barclays Capital. “If oil is low for six months, it’s one thing. But if it’s low for three years, that’s another thi ...
Mon, 15 Dec 2014 21:29:08 EST

Business
Tax Disputes Flare as Africa Fights 'Secret' oil Deals
African governments are fighting for a bigger share of earnings in sometimes-secretive oil and mining deals, often following the advice of Western groups such as the Soros Foundation.
... to Matina Stevis at matina.stevis@wsj.com and Nicholas Bariyo at nicholas.bariyo@wsj.com ... ... st the new tax assessments. Zambia’s mining industry is faltering after the government in October decided to more than triple mine royalties to 20%, following the advice of Western groups. This comp ... ... ing and accused President Alpha Condé ’s government of seeking to expropriate its rights by stealth—a claim the government rejects. Simandou’s current operator Rio ... ... ture, referred questions to Statoil. Knut Rostad, a spokesman for Statoil, said the deal was “balanced and comparable to commercial terms in other places with similar r ...
Mon, 15 Dec 2014 17:21:36 EST

Today S Markets
Stocks Turn Lower as oil Slides
Stocks turned lower midmorning, reversing their early gains, as investors were rattled by another decline in oil prices.
... Stubbington contributed to this article. Write to Dan Strumpf at daniel.strumpf@wsj.com ... ... Stubbington contributed to this article. Write to Dan Strumpf at daniel.strumpf@wsj.com ... ... t private-equity buyout this year. Shares of American Realty Capital properties tumbled 9% after the real-estate investment trust said its chairman ... ... hich concludes on Wednesday. Market participants will be eyeing any Fed reaction to the downturn in oil prices and weak inflation, as well as hints on the outlook for interest-rate increases, widely e ...
Mon, 15 Dec 2014 11:38:20 EST

Canada News
Canada Finance Minister Confident in Economy Amid oil Decline
The Canadian economy is in solid shape and the government remains on track to record a budget surplus next year amid the steep decline in oil prices, Finance Minister Joe Oliver said Monday.
... s a significant risk to financial stability. Write to Paul Vieira at paul.vieira@wsj.com ... ... s a significant risk to financial stability. Write to Paul Vieira at paul.vieira@wsj.com ... ... s a significant risk to financial stability. Write to Paul Vieira at paul.vieira@wsj.com ... ... rganization of the Petroleum Exporting Countries said Sunday the oil cartel hasn't set a target for oil prices and appeared to imply the organization would tolerate much lower prices. Meanwhile, Mr. O ...
Mon, 15 Dec 2014 11:24:44 EST

Europe News
EU to Scrap Environmental proposals
The new leadership of the European Commission is poised to cancel two major pieces of environmental legislation that appear to have broad support among governments and the European Parliament.
... te by 2030. A previous version of this article incorrectly said 2020 was the target date. ... ... te by 2030. A previous version of this article incorrectly said 2020 was the target date. ... ... ew Dalton at Matthew.Dalton@wsj.com Corrections & Amplifications One of two EU environmental proposals expected to be canceled would require the bloc to recycle 80% of packaging waste by 2030. ... ... te by 2030. A previous version of this article incorrectly said 2020 was the target date. ...
Mon, 15 Dec 2014 09:38:59 EST

Heard On The Street
Cheap oil Won’t Drive China’s Sluggish Cars
The drop in oil prices doesn’t affect Chinese car sales like it does in the U.S. The broader economy matters more.
... o find a new source of fuel. Write to Abheek Bhattacharya at abheek.bhattacharya@wsj.com ... ... o find a new source of fuel. Write to Abheek Bhattacharya at abheek.bhattacharya@wsj.com ... ... o find a new source of fuel. Write to Abheek Bhattacharya at abheek.bhattacharya@wsj.com ... ... t restrictions on acquiring license plates to lessen traffic and pollution. More than the price of oil, Chinese car-sales growth seems to track closer to liquidity and credit creation, according to S ...
Mon, 15 Dec 2014 08:12:00 EST

Markets
oil Prices Rebound on Disrupted Exports
oil prices rebounded as armed clashes in Libya over the weekend disrupted oil exports.
... Faucon contributed to this article Write to Georgi Kantchev at georgi.kantchev@wsj.com ... ... C, long the world’s premier oil price broker, decided in November to keep its output levels unchanged even amid mounting signs that demand for the ... ... Faucon contributed to this article Write to Georgi Kantchev at georgi.kantchev@wsj.com ... ... blendstock for January, the benchmark gasoline contract, was up 3 cents at $1.62 a gallon. ICE gas oil for January changed hands at $570.75 a metric ton, up 0.8% from last week’s settlement. &mdas ...
Mon, 15 Dec 2014 06:48:26 EST

oil Markets
OPEC oil Prices Fall Below $60 a Barrel
OPEC’s basket of crudes fell below $60 a barrel Friday for the first time since oil prices began sliding this summer.
... above to balance their government budgets. Write to Benoît Faucon benoit.faucon@wsj.com ... ... above to balance their government budgets. Write to Benoît Faucon benoit.faucon@wsj.com ... ... above to balance their government budgets. Write to Benoît Faucon benoit.faucon@wsj.com ... ... el Friday for the first time since oil prices began sliding this summer. The average price of crude oils from the 12 members of the Organization of the Petroleum Exporting Countries stood at $58.65 a ...
Mon, 15 Dec 2014 04:40:19 EST

The Outlook
Fed Likely to Stare Down oil-Price Drop
The Outlook: Federal Reserve officials are poised to stare down another oil-price shock, judging that the boost to consumer spending will be more important to their policy than the decline in inflation.
... he Fed and Americans are still recovering. Write to Josh Zumbrun at josh.zumbrun@wsj.com ... ... he Fed and Americans are still recovering. Write to Josh Zumbrun at josh.zumbrun@wsj.com ... ... sses expect inflation to rise substantially or fall substantially, it will become a self-fulfilling prophesy when individuals and executives lock in price or wage contracts. Market measures of inflati ... ... 0s, in an environment of economic stress in emerging markets, including Russia, Thailand and Korea, oil prices fell by more than half, from over $26 in early 1997 to under $11 by the end of 1998. The ...
Sun, 14 Dec 2014 23:50:04 EST

Markets
Junk-Bond Worries Spread Beyond oil
The oil bust is exposing cracks in the $1.3 trillion junk-bond market, putting pressure on a key source of corporate financing and potentially crimping economic growth.
... a request for comment. Parq had no comment. —Matt Wirz contributed to this article. ... ... a request for comment. Parq had no comment. —Matt Wirz contributed to this article. ... ... a request for comment. Parq had no comment. —Matt Wirz contributed to this article. ... ... .P. Morgan Chase & Co. registered losses in the five days ended Dec. 9. “oil prices have crushed the energy sector and it’s leaking elsewhere,” said A ...
Sun, 14 Dec 2014 23:27:31 EST

Markets
Junk-Bond Worries Spread Beyond oil
The oil bust is exposing cracks in the $1.3 trillion junk-bond market, putting pressure on a key source of corporate financing and potentially crimping economic growth.
... , Gregory Zuckerman at gregory.zuckerman@wsj.com and Rob Copeland at rob.copeland@wsj.com ... ... , Gregory Zuckerman at gregory.zuckerman@wsj.com and Rob Copeland at rob.copeland@wsj.com ... ... , Gregory Zuckerman at gregory.zuckerman@wsj.com and Rob Copeland at rob.copeland@wsj.com ... ... .P. Morgan Chase & Co. registered losses in the five days ended Dec. 9. “oil prices have crushed the energy sector and it’s leaking elsewhere,” said A ...
Sun, 14 Dec 2014 22:35:52 EST

Asian Business News
Agile property Chairman Released From Custody
Chinese property-developer Agile property Holdings said its chairman, Chen Zhuo Lin, who was in the custody of Chinese prosecutors for the past two months, will return to work Monday.
... educe the size of a planned share issuance. Write to Esther Fung at esther.fung@wsj.com ... ... educe the size of a planned share issuance. Write to Esther Fung at esther.fung@wsj.com ... ... and normal manner.” The debt-laden company had faced weakened sales and tighter margins amid the property downturn, and Mr. Chen and Mr. Huang’s absence had dealt a blow to the developer, who had ... ... educe the size of a planned share issuance. Write to Esther Fung at esther.fung@wsj.com ...
Sun, 14 Dec 2014 10:56:00 EST

Commodities
OPEC Head: No oil Target Price
The head of the OPEC said the group hasn’t set a fixed oil-price target, and urged exporters from the Gulf region to continue to invest in exploration and production even as a decline in the oil price crimps revenue.
... up over $100,” Mr. el-Badri said. Write to Nicolas Parasie at nicolas.parasie@wsj.com ... ... dropped to their lowest point in five years on Friday, and mark his first public remarks since OPEC decided last month to keep production levels unchanged. Mr. el-Badri dismissed interpretations from ... ... up over $100,” Mr. el-Badri said. Write to Nicolas Parasie at nicolas.parasie@wsj.com ... ... buffers. However, he said those countries must continue to invest in exploration and production or oil prices are likely to rise again. “If there’s no new investments and new supplies to the mar ...
Sun, 14 Dec 2014 09:07:26 EST

Commodities
Libya Declares Force Majeure on Two Key oil Ports
Libya has declared force majeure on two key oil ports, a top oil official said Sunday, as armed clashes disrupted about half of the country’s crude export capacity.
... fall of leader Moammar Gadhafi in 2011. Write to Benoît Faucon at benoit.faucon@wsj.com ... ... fall of leader Moammar Gadhafi in 2011. Write to Benoît Faucon at benoit.faucon@wsj.com ... ... fall of leader Moammar Gadhafi in 2011. Write to Benoît Faucon at benoit.faucon@wsj.com ... ... r a one-year interruption following an agreement between local rebels and the government. Libya’s oil production has been frequently disrupted by strikes and unrest since the fall of leader Moammar ...
Sun, 14 Dec 2014 06:35:24 EST

Sunday Journal
How Cheap oil Complicates Investing
While some stocks, like retailers, benefit, others take it on the chin, writes Gregory Zuckerman.
... s that it is not the end all.” Write to Gregory Zuckerman at gregory.zuckerman@wsj.com ... ... s that it is not the end all.” Write to Gregory Zuckerman at gregory.zuckerman@wsj.com ... ... s that it is not the end all.” Write to Gregory Zuckerman at gregory.zuckerman@wsj.com ... ... itigroup . “While many investors have been raising the issue of the plunge in oil prices and its potential influence on earnings, capital spending, employment trends, equity mark ...
Sat, 13 Dec 2014 20:11:46 EST

Business
How Crude oil's Global Collapse Unfolded
The plunge in crude oil prices from over $100 a barrel to under $65 has been portrayed as a showdown between Saudi Arabia and the U.S., two of the biggest oil producers. But the reality is more complex, going back to 2008.
... ., is finding its biggest buyer this year is China, a critical market for OPEC, he said. “For the saudis, Asia is their growth market,” Mr. Zein says. “The Nigerians and Colombians are being kic ... ... ria to develop long-term relationships with refinery buyers in Asia. In late September, the kingdom decided to shore up its hold on them by, effectively, holding a sale. The Saudis cut their official ... ... we cut production?” he asked. “Why?” Write to Russell Gold at russell.gold@wsj.com ... ... . and European oil prices fell another $7 per barrel. On Wednesday, Mr. al-Naimi, the Saudi Arabian oil minister, was asked whether OPEC would soon act to cut exports. “Why should we cut production? ...
Fri, 12 Dec 2014 20:47:11 EST

Business
Stocks Tumble After Weak oil Forecast
Since the 1970s, Nigeria has sent a steady stream of high-quality crude oil to North American refineries. As recently as 2010, tankers delivered a million barrels a day.
... ., is finding its biggest buyer this year is China, a critical market for OPEC, he said. “For the saudis, Asia is their growth market,” Mr. Zein says. “The Nigerians and Colombians are being kic ... ... ria to develop long-term relationships with refinery buyers in Asia. In late September, the kingdom decided to shore up its hold on them by, effectively, holding a sale. The Saudis cut their official ... ... EC would soon act to cut exports. “Why should we cut production?” he asked. “Why?” ... ... . and European oil prices fell another $7 per barrel. On Wednesday, Mr. al-Naimi, the Saudi Arabian oil minister, was asked whether OPEC would soon act to cut exports. “Why should we cut production? ...
Fri, 12 Dec 2014 19:44:50 EST

World News
New Ties by Mexico Builder Roil Nation
Opposition parties called for a probe into a loan and home purchase the Mexican finance minister secured from the same politically connected businessman who built and held the title to a mansion for Mexico’s first lady.
... Luhnow contributed to this article. Write to José de Córdoba at jose.decordoba@wsj.com ... ... o specify that it was a nonbank loan, he added. He said he wouldn’t resign unless Mr. Peña Nieto decided otherwise. Mr. Pena Nieto didn’t make any public comments over Mr. Videgaray on Friday. Mr ... ... Luhnow contributed to this article. Write to José de Córdoba at jose.decordoba@wsj.com ... ... Luhnow contributed to this article. Write to José de Córdoba at jose.decordoba@wsj.com ...
Fri, 12 Dec 2014 19:34:03 EST

Europe Markets
Markets Slide Further on oil Shock
oil’s persistent slide continued to drive global financial markets, sending currencies in Russia and Norway to fresh multiyear lows, and stocks in energy companies tumbling.
... ound. --Paul Hannon contributed to this article Write to Josie Cox at josie.cox@wsj.com ... ... ound. --Paul Hannon contributed to this article Write to Josie Cox at josie.cox@wsj.com ... ... ound. --Paul Hannon contributed to this article Write to Josie Cox at josie.cox@wsj.com ... ... on German 10-year government bonds hit a record low of 0.631%. Yields fall when prices rise. Beyond oil, lasting jitters stemming from political uncertainty in Greece also pressured equities. Earlier ...
Fri, 12 Dec 2014 10:29:07 EST

Commodities
oil Prices Slip Further
oil extended its slump, hitting levels not seen since the depth of the global recession in 2009, on fears about slowing global demand after the IEA cut its demand forecast.
... ading at $570.25 a metric ton. —Sarah Kent and Eric Yep contributed to this article. ... ... bia and a peripheral ring of lookers on who are not much more than an audience,” PVM writes. OPEC decided against a cut in its output at its November meeting in Vienna which contributed to the rout ... ... ading at $570.25 a metric ton. —Sarah Kent and Eric Yep contributed to this article. ... ... for January, the benchmark gasoline contract was down 0.8% at $1.6117 a gallon. Front-month ICE gas oil was down $10.50 from Thursday’s settlement, trading at $570.25 a metric ton. —Sarah Kent ...
Fri, 12 Dec 2014 07:22:25 EST

Foreign Exchange
Yen Volatility Roils Currency Markets
Investors are bracing for elections Sunday, as Japan’s most powerful prime minister in years looks to reinforce his aggressive economic policies that have driven the yen lower for the past two years.
... u Narioka contributed to this article. Write to Anjani Trivedi at anjani.trivedi@wsj.com ... ... u Narioka contributed to this article. Write to Anjani Trivedi at anjani.trivedi@wsj.com ... ... u Narioka contributed to this article. Write to Anjani Trivedi at anjani.trivedi@wsj.com ... ... yen, which was hit this week by increased volatility and faces a range of other factors that could roil the currency markets in the coming weeks. Investor are bracing for elections this Sunday, as Jap ...
Fri, 12 Dec 2014 06:34:04 EST

Africa News
Falling oil Prices Threaten African Growth
Plunging oil prices are threatening Africa’s economic ascent, depressing currencies and energy revenues for countries that have staked their futures on robust prices for oil and gas.
... @wsj.com, Drew Hinshaw at drew.hinshaw@wsj.com and Matina Stevis at matina.stevis@wsj.com ... ... @wsj.com, Drew Hinshaw at drew.hinshaw@wsj.com and Matina Stevis at matina.stevis@wsj.com ... ... @wsj.com, Drew Hinshaw at drew.hinshaw@wsj.com and Matina Stevis at matina.stevis@wsj.com ... ... retreated from the slowing economy. Persistent weakness in the rand undermines any lift from cheap oil, said Nico Bezuidenhout, acting chief executive of South African A ...
Fri, 12 Dec 2014 06:14:30 EST

Latin America News
Mexico Offers First oil Blocks to Private Firms
Mexican officials on Thursday unveiled the first oil and gas blocks that will kick off next year’s bidding round, allowing private firms back into the oil sector after 76 years of state control.
... y attractive to international oil companies that operate on the U.S. side of the waterway. ... ... y attractive to international oil companies that operate on the U.S. side of the waterway. ... ... y attractive to international oil companies that operate on the U.S. side of the waterway. ... ... and in the deep waters of the Gulf of Mexico, an area considered highly attractive to international oil companies that operate on the U.S. side of the waterway. ...
Thu, 11 Dec 2014 19:44:49 EST

Commodities
oil Slide Drives Central Banks to Act
The weak oil price is increasingly spilling over into other financial markets, battering stocks and currencies of oil-dependent economies and driving central banks to action.
... dash;Chiara Albanese contributed to this article Write to Josie Cox at josie.cox@wsj.com ... ... dash;Chiara Albanese contributed to this article Write to Josie Cox at josie.cox@wsj.com ... ... nment revenue, according to the International Monetary Fund. Last week Nigeria’s finance ministry proposed a lower benchmark for the budgeted oil price, suggesting spending cuts. A ministry spokesma ... ... merging markets, singling out Venezuela and Nigeria as particularly vulnerable. “A handful of net oil exporters are rushing headlong into the danger zone,” the report states. —Chiara Alban ...
Thu, 11 Dec 2014 19:37:45 EST

Fashion That S Debatable
Is It Appropriate to Undo Two Shirt Buttons?
When you’re going tieless at work, is it flattering or a faux-pas to undo that second button? There are at least two sides to the debate.
... t ... ... t ... ... t ... ... t ...
Thu, 11 Dec 2014 13:35:28 EST

Europe Markets
Tumbling oil Price Hits Stocks, Ruble
oil-related stocks and currencies continue to suffer steep declines after crude prices hit yet another five-year low, turning the heat up on major oil-exporting economies, two of which made monetary-policy announcements.
... —Todd Buell contributed to this article Write to Josie Cox at josie.cox@wsj.com ... ... —Todd Buell contributed to this article Write to Josie Cox at josie.cox@wsj.com ... ... —Todd Buell contributed to this article Write to Josie Cox at josie.cox@wsj.com ... ... he Stoxx Europe 600 closed broadly flat—but London’s FTSE 100, with substantial exposure to the oil and gas sector, remained under fire, falling 0.7% on the day. Athens’s main stock index was th ...
Thu, 11 Dec 2014 12:30:01 EST

Moving Targets
How the Grinch Stole the oil Glut
How did the Grinch steal the oil glut? Joe Queenan says economists would find a downside to anything.
... eased a new record and Journey still exists. “We’ll never get these guys to retire.” ... ... eased a new record and Journey still exists. “We’ll never get these guys to retire.” ... ... eased a new record and Journey still exists. “We’ll never get these guys to retire.” ... ... mists are only saying these things to be mean or because they couldn’t care less about plummeting oil prices, since they all bike to work or own Priuses. But this is not true: Economists are coldblo ...
Thu, 11 Dec 2014 12:02:08 EST

Markets
Bank of Canada Chief Warns on Impact Of Financial Reform, oil Prices
The head of Canada’s central bank said global financial reforms will likely weigh on the availability of credit and pose a headwind to the world’s economy, while adding that falling oil prices are likely to take a notable bite out of Canadian growth.
... r. Poloz said. Write to Nirmala Menon at nirmala.menon@wsj.com and Michael.derby@wsj.com ... ... r. Poloz said. Write to Nirmala Menon at nirmala.menon@wsj.com and Michael.derby@wsj.com ... ... r. Poloz said. Write to Nirmala Menon at nirmala.menon@wsj.com and Michael.derby@wsj.com ... ... Canada,” and “there’s a significant hit that’s on its way” for growth. Canada is a major oil producer and exporter. Mr. Poloz tackled the U.S. monetary policy outlook in questions from repo ...
Thu, 11 Dec 2014 11:00:02 EST

Asia News
oil Spill Threatens Sundarbans in Bangladesh
Bangladesh is struggling to clean up an oil spill that threatens environmental damage in the Sundarbans, the world’s largest mangrove forest and home to rare Bengal tigers and river dolphins.
... the river to fix the problem. Write to Syed Zain Al-Mahmood at zain.al-mahmood@wsj.com ... ... the river to fix the problem. Write to Syed Zain Al-Mahmood at zain.al-mahmood@wsj.com ... ... the river to fix the problem. Write to Syed Zain Al-Mahmood at zain.al-mahmood@wsj.com ... ... aid a ship carrying dispersants—chemicals that help remove oil from the water surface by breaking oil slicks into smaller droplets—was heading to the area and would start work Thursday afternoon. ...
Thu, 11 Dec 2014 07:46:36 EST

Stocks
Gulf Markets Fall on Lower oil Prices
Stock markets in the Persian Gulf plunged as investors were jolted again by the prospect of lower oil prices hitting the region’s crude-producing economies.
... rite to Rory Jones at rory.jones@wsj.com and Nicolas Parasie at nicolas.parasie@wsj.com ... ... rite to Rory Jones at rory.jones@wsj.com and Nicolas Parasie at nicolas.parasie@wsj.com ... ... 15% on average, according to Arqaam. Stock market losses on Thursday extended across sectors. Emaar properties, the region’s biggest real-estate developer, fell 6%. Dubai Parks & Resorts, a plan ... ... , fell 3%. Some investors called for caution against knee-jerk reactions to crude prices. “Lower oil prices have affected investor sentiment in the past over the short term,” said Mark Diab, head ...
Thu, 11 Dec 2014 07:28:11 EST

Commodities
oil Sees Slight Recovery
Crude oil futures regained some lost ground but stayed near five-year lows after crashing by close to 5% the previous day.
... d to Jameel Ahmad. (Dec. 11, 2014) Write to Georgi Kantchev at georgi.kantchev@wsj.com ... ... nesday definitely added to the trouble,” the energy broker said. At its meeting in November, OPEC decided not to intervene to prop up oil prices. The move was primarily seen as a way for the organiz ... ... he trouble,” the energy broker said. At its meeting in November, OPEC decided not to intervene to prop up oil prices. The move was primarily seen as a way for the organization to protect its market ... ... anuary, the benchmark gasoline contract was little changed at $1.6520 a gallon. Front-month ICE gas oil was up $3 from Wednesday’s settlement, trading at $587.00 a metric ton. Corrections & Amp ...
Thu, 11 Dec 2014 06:57:28 EST

Asia Markets
oil Plunge Dims Outlook for LNG Projects
Investors in giant gas-export terminals from Australia to Canada are facing the prospect of losing billions of dollars plowed into the projects as plunging oil prices darken the outlook for the industry.
... Iwata in Tokyo contributed to this article. Write to Ross Kelly at ross.kelly@wsj.com ... ... Iwata in Tokyo contributed to this article. Write to Ross Kelly at ross.kelly@wsj.com ... ... Tanzania and Mozambique will likely be questioning the timing of hundreds of billions of dollars in proposed new investments. U.S. shale-gas producers looking to export their product are affected les ... ... production of shale gas. But on the flip side, thanks to crude oil’s fall, LNG producers offering oil-linked contracts will be able to compete better in the international market against their U.S. s ...
Thu, 11 Dec 2014 03:55:06 EST

Business
oil's Decline Puts a Chill on Drilling
U.S. energy companies are starting to cut drilling, lay off workers and slash spending in the face of an accelerating decline in oil prices, which hit a fresh five-year low on Wednesday.
... wn. Write to Lynn Cook at lynn.cook@wsj.com and Erin Ailworth at Erin.Ailworth@wsj.com ... ... wn. Write to Lynn Cook at lynn.cook@wsj.com and Erin Ailworth at Erin.Ailworth@wsj.com ... ... wn. Write to Lynn Cook at lynn.cook@wsj.com and Erin Ailworth at Erin.Ailworth@wsj.com ... ... nt of the Denver-based independent explorer, said his company is profitable at the current price of oil. Triangle’s shares are down 47% in the last two months. It is pushing vendors for cheaper pri ...
Thu, 11 Dec 2014 00:06:19 EST

Markets
Investors Sell Stocks as oil Prices Keep Falling
The Dow industrials slumped to their biggest one-day point and percentage decline in two months, dropping 268.05 points, helped in part by a 4.5% decline in crude prices.
... n@wsj.com, Dan Strumpf at daniel.strumpf@wsj.com and Summer Said at summer.said@wsj.com ... ... expected OPEC to announce a production cut right up until the group’s Nov. 27 meeting. The cartel decided to maintain output levels. Some saw the inaction as a new era for the oil market in which th ... ... the health of the world economy, pushed the Dow industrials to their largest decline in two months, propelled in part by reports of a deepening global oil glut that sent crude prices to five-year lows ... ... There’s no indication that [the market is] getting any less weak.” Mr. Stuart said he believes oil prices will bottom out in the first quarter. After that, he expects reduced investment will lead ...
Wed, 10 Dec 2014 23:43:38 EST

Business
oil Drop Puts Chill on U.S. Energy Drilling
U.S. energy companies are starting to cut drilling, lay off workers and slash spending in the face of an accelerating decline in oil prices, which fell to a fresh five-year low Wednesday.
... said, adding that the stock market reaction to crude’s price drop has been overblown. ... ... said, adding that the stock market reaction to crude’s price drop has been overblown. ... ... said, adding that the stock market reaction to crude’s price drop has been overblown. ... ... ident of the Denver-based independent explorer, said his firm is profitable at the current price of oil. Triangle’s shares are down 47% in the last two months. It is pushing vendors for cheaper pri ...
Wed, 10 Dec 2014 23:12:05 EST

Business
How Cheaper oil Affects Factories
Manufacturers who consume lots of oil and derivative products are saving big money while equipment and product suppliers to the energy industry are gearing up for a slowdown next year.
... d Mann contributed to this article. Write to Timothy Aeppel at timothy.aeppel@wsj.com ... ... d Mann contributed to this article. Write to Timothy Aeppel at timothy.aeppel@wsj.com ... ... d Mann contributed to this article. Write to Timothy Aeppel at timothy.aeppel@wsj.com ... ... g gear surged in late September and CEO David Dalquist thinks falling oil prices are to thank. With prices falling at the gas pump, Mr. Dalquist said retailers suddenly b ...
Wed, 10 Dec 2014 22:35:33 EST

Markets
Wary Investors Sell Stocks As oil Prices Keep Falling
Skittish investors, wary about the health of the world economy, pushed the Dow industrials to their largest decline in two months, propelled in part by reports of a deepening global oil glut that sent crude prices to five-year lows.
... amage contributed to this article. ... ... expected OPEC to announce a production cut right up until the group’s Nov. 27 meeting. The cartel decided to maintain output levels. Some the inaction as a new era for the oil market in which the ca ... ... the health of the world economy, pushed the Dow industrials to their largest decline in two months, propelled in part by reports of a deepening global oil glut that sent crude prices to five-year lows ... ... There’s no indication that [the market is] getting any less weak.” Mr. Stuart said he believes oil prices will bottom out in the first quarter. After that, he expects reduced investment will lead ...
Wed, 10 Dec 2014 19:54:09 EST



Results for news from the Wall Street Journal with keyword SAUDIS DECIDED PROP OIL
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The Economist


Results for news from the The Economist with keyword SAUDIS DECIDED PROP OIL
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Asia
Vietnam and China: Hot oil on troubled waters
2,000 years of
... ers who chafe at the China-friendly status quo. From the print edition: Asia ... ... ers who chafe at the China-friendly status quo. From the print edition: Asia ... ... ers who chafe at the China-friendly status quo. From the print edition: Asia ... ... ent (Vietnam’s urgent request that China agree to receive a top-ranking envoy in Beijing over the oil rig appears to have been rebuffed). But a drawn-out dispute will not help political factions all ...
Thu, 15 May 2014 14:59:16 GMT

Europe
Ukraine’s turmoil: Chaos out of order
UK Only Article:  standard article Issue:  What would America fight for? F
... down or detonating bigger and cruder devices. From the print edition: Europe ... ... down or detonating bigger and cruder devices. From the print edition: Europe ... ... down or detonating bigger and cruder devices. From the print edition: Europe ... ... d oil giant, and a longtime Putin confidant. This will complicate Rosneft’s dealings with Western oil majors, though the company itself was not singled out. BP is the most exposed, with a 20% stake ...
Thu, 01 May 2014 15:00:12 +0000

Easternapproaches
Ukraine's turmoil: Chaos out of order
IT IS death by a thousand cuts. Each day sees more bad news for Ukraine’s government in the east. This week buildings were seized in Konstantinovka, armed men backed by 2,000 cheering anti-government protesters took control of government offices
... s. If not, the West will have to choose between backing down or detonating bigger and cruder devices ... ... s. If not, the West will have to choose between backing down or detonating bigger and cruder devices ... ... s. If not, the West will have to choose between backing down or detonating bigger and cruder devices ... ... ed oil giant and a longtime Putin confidant. This will complicate Rosneft’s dealings with Western oil majors, though the company itself has not been singled out. BP is the most exposed, with a 20% s ...
Wed, 30 Apr 2014 19:57:00 +0000

Prospero
Winter's toil
SHAKESPEARE and ballet
... tory.” That of course is exactly what you have in “Romeo and Juliet”, and it works every time. ... ... tory.” That of course is exactly what you have in “Romeo and Juliet”, and it works every time. ... ... tory.” That of course is exactly what you have in “Romeo and Juliet”, and it works every time. ... ... tory.” That of course is exactly what you have in “Romeo and Juliet”, and it works every time. ...
Mon, 14 Apr 2014 17:21:49 +0000

Business
Correction: Myanmar’s oil
In our piece on Myanmar’s oil (“Drilling in the dark”, March 29th), we should have
... es on a par with Brazil’s. Sorry. From the print edition: Business ... ... es on a par with Brazil’s. Sorry. From the print edition: Business ... ... es on a par with Brazil’s. Sorry. From the print edition: Business ... ... ch 29th), we should have said that it is estimates by foreign experts, rather than those of Myanmar oil and Gas Enterprise, that put the country’s potential reserves on a par with Brazil’s. Sorry. ...
Thu, 10 April 2014 14:59:07 GMT

Business
Correction: Myanmar’s oil
In our piece on Myanmar’s oil (“Drilling in the dark”, March 29th), we should have
... es on a par with Brazil’s. Sorry. From the print edition: Business ... ... es on a par with Brazil’s. Sorry. From the print edition: Business ... ... es on a par with Brazil’s. Sorry. From the print edition: Business ... ... ch 29th), we should have said that it is estimates by foreign experts, rather than those of Myanmar oil and Gas Enterprise, that put the country’s potential reserves on a par with Brazil’s. Sorry. ...
Thu, 10 April 2014 14:59:07 GMT

Middle-east-and-africa
Angola: Still much too oily
A new Luanda sprou
... alone will not provide them. From the print edition: Middle East and Africa ... ... alone will not provide them. From the print edition: Middle East and Africa ... ... alone will not provide them. From the print edition: Middle East and Africa ... ... ely with the MPLA’s achievement in making peace earlier this century. What they need is jobs. And oil alone will not provide them. From the print edition: Middle East and Africa ...
Thu, 10 April 2014 14:59:07 GMT

Middle-east-and-africa
Angola: Still much too oily
A new Luanda sprou
... alone will not provide them. From the print edition: Middle East and Africa ... ... alone will not provide them. From the print edition: Middle East and Africa ... ... alone will not provide them. From the print edition: Middle East and Africa ... ... ely with the MPLA’s achievement in making peace earlier this century. What they need is jobs. And oil alone will not provide them. From the print edition: Middle East and Africa ...
Thu, 10 April 2014 14:59:07 GMT

United-states
property in Miami: Erectile resumption
A mirror of prospe
... me aspirin within reach, just in case. From the print edition: United States ... ... me aspirin within reach, just in case. From the print edition: United States ... ... s of the city’s skyline one day resembling Manhattan’s. Mr Zalewski is more cautious. Miami’s property market is “a great game”, he says, but “all it would take to send a chill through the ... ... me aspirin within reach, just in case. From the print edition: United States ...
Thu, 03 April 2014 14:57:38 GMT

Business
Myanmar’s oil and gas: Drilling in the dark
AFTER a long wait, and several delays, Myanmar’s government will soon announce which companies have won the right to explore the bulk of its offshore oil and gas reserves. The outcome of the bidding for the 19 deep- and 11 shallow-water blocks is
... the depths where Myanmar’s reserves lie. From the print edition: Business ... ... the depths where Myanmar’s reserves lie. From the print edition: Business ... ... the depths where Myanmar’s reserves lie. From the print edition: Business ... ... elecoms licences, which was hailed as a model of openness and fairness. The bidding process for the oil and gas licenses, by contrast, is not facing such scrutiny. The risk is that decision-making wil ...
Thu, 27 March 2014 15:58:22 GMT

Business
Commercial property in Europe: A skyscraper too far
AT LA DÉFENSE, Europe’s biggest p
... Europe can afford too many empty buildings. From the print edition: Business ... ... Europe can afford too many empty buildings. From the print edition: Business ... ... ty story of 2014. France has less to cheer about, but optimists note that the gap between yields on property and those on government securities is the highest in 20 years, which should underpin prices ... ... Europe can afford too many empty buildings. From the print edition: Business ...
Thu, 27 March 2014 15:58:22 GMT

Europe
Russian propaganda: 1984 in 2014
The pen, but also
... so far leave it room for further adventurism. From the print edition: Europe ... ... so far leave it room for further adventurism. From the print edition: Europe ... ... de-escalation by Mr Putin would seem like a defeat. The danger is that he starts to believe his own propaganda and pursues its logic towards renewed confrontation. Ominously, the Kremlin appears to be ... ... so far leave it room for further adventurism. From the print edition: Europe ...
Thu, 27 March 2014 15:58:22 GMT

Finance-and-economics
OPEC and oil prices: Leaky barrels
Too useful to
... ould be burning it here?’” From the print edition: Finance and economics ... ... ould be burning it here?’” From the print edition: Finance and economics ... ... , during the International Petroleum Week in London. “Farmers are asking, ‘Why are we exporting propane when we could be burning it here?’” From the print edition: Finance and ... ... ions on the export of liquefied natural gas (LNG) or crude will exert more downward pressure on the oil price. That might be good for the world economy, but it is not a priority for American consumers ...
Thu, 20 February 2014 15:58:34 GMT

Middle-east-and-africa
Libya’s turmoil: Little to celebrate
COLOURFUL bunting flew high over the crowds that packed Martyrs Square in the Libyan capital, Tripoli, on February 17th. But the mood on this anniversary was bittersweet. Three years on from the revolution that ousted the country’s eccentric leade
... the general’s frustration. From the print edition: Middle East and Africa ... ... the general’s frustration. From the print edition: Middle East and Africa ... ... the general’s frustration. From the print edition: Middle East and Africa ... ... try. Libyans laughed off what was billed as a quixotic one-man putsch. But after three years of turmoil, many sympathise with the general’s frustration. From the print edition: Midd ...
Thu, 20 February 2014 15:58:35 GMT

United-states
The economics of shale oil: Saudi America
Frackin’ the Bakke
... r day. Sorry. This has been corrected. From the print edition: United States ... ... r day. Sorry. This has been corrected. From the print edition: United States ... ... r day. Sorry. This has been corrected. From the print edition: United States ... ... ld obviously benefit from lifting the ban. So might other Americans, in less obvious ways. A global oil market that fully included America would be more stable, more diversified and less dependent on ...
Thu, 13 February 2014 15:59:49 GMT

Americas
Canada, America and oil: A pipeline runs through it
MINUTES after America’s State Department declared on January 31st that a proposed cross-border oil-pipeline would have little environmental impact, Canada’s ruling Conservatives posted an online ad bluntly directing Barack Obama to “approve Keyst
... l before the well of interest dries up. From the print edition: The Americas ... ... l before the well of interest dries up. From the print edition: The Americas ... ... of Bakken crude from Montana and North Dakota, was first proposed in 2008. The southern part of the proposed network, within the United States, went into operation last month. But the northern bit, wh ... ... 5. Mexico, which has begun to liberalise energy, also looms as a potential rival. Mr Harper and the oil industry must hope that they can secure Keystone’s approval before the well of interest dries ...
Thu, 06 February 2014 16:01:14 GMT

Finance-and-economics
Turmoil in financial markets: Goldilocks and the bears
EQUITY markets started 2014 in a
... cant hit to corporate profits. From the print edition: Finance and economics ... ... cant hit to corporate profits. From the print edition: Finance and economics ... ... 7%. But Wall Street does not have much margin for error. Profits are close to a post-war high as a proportion of GDP. Meanwhile, equities look expensive by two of the best long-term valuation measure ... ... art). The worst-hit countries in recent weeks have been those with specific problems: political turmoil (Ukraine), a wide current-account deficit and high inflation (Turkey) or simply poor economic po ...
Thu, 06 February 2014 16:01:14 GMT

Letters
Letters: On state-owned assets, drug patents, Jewishness, the oil rush, railways, Robin Hood
Sale of the century SIR – There was one very valuable
... an BennNew York * Letter appears online only From the print edition: Letters ... ... an BennNew York * Letter appears online only From the print edition: Letters ... ... ong Kong’s government retains an interest in most property across the territory. Regular sales of property leases provide it with cash, and significant land redevelopments often require a premium to ... ... ker today both live (or lived) transient lives and had no hope of ever owning their own railroad or oil well. At best, they will perform back-breaking labour until they are no longer physically capabl ...
Thu, 23 January 2014 15:59:50 GMT

Middle-east-and-africa
Israel’s and Palestine’s gas and oil: Too optimistic?
ARE governments of the Levant fooling their people with false promises of an offshore gas bonanza? From the proceeds, Lebanon hopes to fund a bullet train that will end Beirut’s traffic snarl-ups. Across the water, the Cypriot government has equal
... pping gas to foreign markets. From the print edition: Middle East and Africa ... ... pping gas to foreign markets. From the print edition: Middle East and Africa ... ... pping gas to foreign markets. From the print edition: Middle East and Africa ... ... an Israeli former energy minister, Josef Paritzky. Tangled in red tape and regional disputes, even oil companies in Israel may flag. Woodside Petroleum, an Australian firm with LNG expertise, is stil ...
Thu, 23 January 2014 15:59:51 GMT

Middle-east-and-africa
Yemen’s conference: No proper end
ON JANUARY 21st,
... Yemen can be truly reunited. From the print edition: Middle East and Africa ... ... Yemen can be truly reunited. From the print edition: Middle East and Africa ... ... From the print edition: Middle East and Africa ... ... ribal leader. Tribesmen have taken aim at the Yemeni army and at installations belonging to foreign oil firms. Clumsy efforts by government forces to swat tribal fighters in the south-western province ...
Thu, 23 January 2014 15:59:51 GMT

Business
oil in Russia: Picnic time for teddy bears
UK Only Article:  standard article Issue:  Korean roulette Fly Title: 
... is afraid of Sechin,” one investor sighs. From the print edition: Business ... ... is afraid of Sechin,” one investor sighs. From the print edition: Business ... ... is afraid of Sechin,” one investor sighs. From the print edition: Business ... ... oubtless betting that the markets have short memories when it comes to lending money to state-owned oil firms. As for privatisation, Mr Sechin was never keen on selling Rosneft’s shares—at least n ...
Thu, 04 Apr 2013 15:09:49 +0000



Results for news from the The Economist with keyword SAUDIS DECIDED PROP OIL
Page 2 of 1242 news found.
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