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
Tags » Crude Prices
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
Crude prices in London and New York rebounded from the lowest closing levels since May 2009 as comments from Saudi Arabia’s oil minister yesterday added to the most-volatile market in three years. 190 more words