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Norwegian oil exports plunge as crude crisis hits

Norway’s Statoil drilling rig Aker Barents in the Barents Sea

OSLO (AFP) – Norway’s oil exports have plunged by more than a half since early 2014, authorities said Monday as deeply depressed crude prices dragged down the wealthy country’s trade surplus. 158 more words

Oil May be Dropping, but Cappuccino is Doing Well

All this energy people put into talking about oil prices! It’s a sorry waste of time, and, even worse, I think they are losing sight of important facts in the whole commodities debate. 1,358 more words


Raghuram Rajan's interest rates cut won't kickstart India's economy on its own

After 22 months, India’s central bank has finally decided to cut interest rates by 25 basis points to 7.75%.

The Reserve Bank of India (RBI) had last cut rates in March 2013—and then held its ground to try and contain India’s sticky inflation problem. 505 more words