Norwegian Prime Minister Erna Solberg is breathing easier now that western Europe’s biggest crude producer looks poised to avoid the peril of oil prices sinking below $45 per barrel. 354 more words
Tags » Crude Prices
The trade data released for the month of April has raised a set of serious concerns on the health of India’s trade account. Exports were down by 14% for the month of April to $22 billion. 417 more words
OTTAWA – The sting of lower oil prices has dampened the confidence of companies when it comes to future sales growth, investment and hiring, the Bank of Canada’s latest business outlook has found. 531 more words
Ed. Note: WTF? Everything’s turned inside out and upside down.
So, now that oil prices are lower, when are we going to see retail prices lower to reflect decreased shipping costs? 73 more words
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
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