Search results for ""Oil""



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Brent sticks above $60 as Iran news offsets bearish stockpiles

SINGAPORE, March 5- Brent crude was flat on Thursday, managing to hold above $60 a barrel as investors brushed aside bearish U.S. inventories data to focus on the lack of a deal in talks over Iran's nuclear program. Tehran's ambassador to the International Atomic Energy Agency said on Wednesday no deal had been reached on the duration of any possible final...
Source: Reuters | By: Florence Tan
Rongsheng cancels warrant issue, says unable to contact subscriber

Rongsheng's shares fell as much as 8.1 percent in early Thursday trade, after it said it would no longer issue HK $510 million worth of warrants to Kingwin Victory Investment Ltd, a Cayman Islands- incorporated investment firm. In a stock exchange filing, Rongsheng said it had scrapped the issue as it could not contact Kingwin's owner Wang Ping after media...
Source: Reuters
Geokinetics Marine Vibrator Recording in GOM

HOUSTON, March 4, 2015/ PRNewswire/-- Geokinetics Inc., is pleased to announce the successful deployment of its AquaVib(TM) Marine Vibrator, in full production mode, on a Geokinetics ocean bottom crew working in the Gulf of Mexico. Geokinetics is processing the data in their Houston Processing and Reservoir Geosciences Data Center for comparison to a conventional...
Source: PR Newswire
GLOBAL MARKETS-Asia stocks slip, euro languishes at 11-yr low before ECB

*Asia slips after Wall St pulls back before U.S. jobs data. TOKYO, March 5- Asian stocks slipped on Thursday after Wall Street continued to pull back from record highs ahead of Friday's closely-watched U.S. jobs data, while the nervous euro languished at an 11- year low prior to the European Central Bank's policy meeting. MSCI's broadest index of Asia-Pacific...
Source: Reuters | By: Shinichi Saoshiro
US oil holds above $51; Saudi comments lay price floor

U.S. crude was trading comfortably above $51 a barrel on Thursday, after comments by Saudi's oil minister predicting a floor for prices and as Iran nuclear talks hit a bump.
Source: Reuters
China lowers growth target, promises to open industries

BEIJING- China announced a lower economic growth target for this year and promised to open more industries to foreign investors as it tries to make its slowing, state-dominated economy more productive. The growth target of about 7 percent, down from last year's 7.5 percent, is in line with efforts to create a "moderately prosperous society," said Premier Li...
Source: The Associated Press
ECB set to raise growth forecasts, flesh out bond buying plan

*Will likely avoid big decision on Greece. FRANKFURT, March 5- Keen to keep a low profile over the Greek crisis, the European Central Bank will focus on improved growth prospects when it meets on Thursday and unveil some but not all the details of its 1 trillion euros- plus bond buying plan. Meeting in Cyprus, the ECB will keep rates on hold, likely lift growth forecasts...
Source: Reuters | By: Balazs Koranyi
NYMEX-U.S. oil holds above $51; Saudi comments lay price floor

SINGAPORE, March 5- U.S. crude was trading comfortably above $51 a barrel on Thursday, after comments by Saudi's oil minister predicting a floor for prices and as Iran nuclear talks hit a bump. President Barack Obama' s demand that it freeze sensitive nuclear activities for at least 10 years but said it would continue talks on a deal, Iran's semi-official Fars news...
Source: Reuters
ANALYSIS-Despite Netanyahu claim, cheap oil not seen swaying Iran behavior

WASHINGTON, March 4- When Israeli Prime Minister Benjamin Netanyahu urged the United States this week to take a tough line against Iran, he argued that world powers could always push for a better nuclear deal because the Islamic Republic was vulnerable to low oil prices. But the claim that lower oil prices can sway Iran, a major crude producer, into making greater...
Source: Reuters | By: Yeganeh Torbati
Eclipse Resources reports 4Q loss

STATE COLLEGE, Pa. _ Eclipse Resources Corp. on Wednesday reported a loss of $33 million in its fourth quarter. The average estimate of nine analysts surveyed by Zacks Investment Research was for a loss of 9 cents per share. Eclipse Resources shares have risen slightly more than 2 percent since the beginning of the year.
Source: The Associated Press