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Shell Smashes Estimates as BG Acquisition Drives Up Output

EghtesadOnline: Royal Dutch Shell Plc reported third-quarter profit that beat analyst estimates after its acquisition of BG Group Plc boosted oil production, helping to counter a slump in prices. The shares rose.
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Publish Date:01/November/2016 | 24:52

Oilfield services shakeup in cards after GE-Baker Hughes deal

EghtesadOnline: General Electric Co's deal with Baker Hughes Inc to create the world's No. 2 oilfield services business is the clearest signal yet that consolidation is picking up in the energy sector as companies face long-term lower oil prices .
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Publish Date:01/November/2016 | 24:03

Shell's earnings beat Exxon as oil majors adapt to low prices

EghtesadOnline: Royal Dutch/Shell and BP on Tuesday joined peers in reporting higher than expected earnings by making further deep cuts in spending to cope with an oil price downturn now in its third year.
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Publish Date:01/November/2016 | 24:01

Oil falls as non-OPEC yet to pledge concrete output steps

EghtesadOnline: Oil prices extended declines on Monday after non-OPEC producers made no specific commitment to join OPEC in limiting oil output levels to prop up prices, suggesting they wanted the oil producing group to solve its differences first.
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Publish Date:31/October/2016 | 04:29

Exxon, Chevron Hit by Low Crude Prices

EghtesadOnline: Low crude prices and weak refining margins weighed on third-quarter profits at US oil giants ExxonMobil and Chevron in reports Friday, but earnings rose compared with the prior two quarters.
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Publish Date:29/October/2016 | 15:52

Wall Street set to open lower as Apple drags

EghtesadOnline; U.S. stock index futures pointed to the second straight day of decline at the open, with Apple dropping on disappointing quarterly sales and oil prices pressured by lingering concerns about a glut.
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Publish Date:26/October/2016 | 13:29

Slumping Oil Prices Are Creating New Headaches for Duterte

EghtesadOnline: After two years working in Saudi Arabia, Arman Abelarde packed his bags in September and went home to the Philippines, joining an exodus of foreign workers who have been a major source of labor in the Persian Gulf for half a century.
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Publish Date:18/October/2016 | 06:16

Asian stocks lifted by firmer oil prices ; dollar steady

EghtesadOnline: Asian stocks crept up on Tuesday thanks to a rebound in oil prices and the dollar consolidated recent gains although underlying risk appetite was cautious on concerns over capital outflows and weak data, especially from China.
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Publish Date:18/October/2016 | 05:05

U.S. stocks gain on Clinton debate perception, oil surges

EghtesadOnline: U.S. stocks strode higher on Monday, buoyed by the perception that Hilary Clinton won the second U.S. presidential debate and by a surge in oil prices , while sterling was under pressure on concerns Britain will make a hard exit from the European Union.
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Publish Date:10/October/2016 | 16:45

Wall Street rises as Clinton seen winner of second debate

EghtesadOnline: Wall Street rose on Monday morning amid gains across most sectors, driven by oil prices , and as Democrat Hillary Clinton was widely seen as the winner of the second presidential debate.
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Publish Date:10/October/2016 | 16:34

BofA Sees Record Mideast Deals Driven by Oil Crash, Reforms

EghtesadOnline: As the price of oil stays stubbornly low, investors in the Middle East are turning to deals. Mergers and acquisitions activity in the Persian Gulf region is set to accelerate as lower oil prices force governments and corporations to consolidate fragmented industries, according to Bank of America Corp.
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Publish Date:09/October/2016 | 20:33

BofA Sees Record Mideast Deals Driven by Oil Crash, Reforms

EghtesadOnline: As the price of oil stays stubbornly low, investors in the Middle East are turning to deals. Mergers and acquisitions activity in the Persian Gulf region is set to accelerate as lower oil prices force governments and corporations to consolidate fragmented industries, according to Bank of America Corp.
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Publish Date:05/October/2016 | 10:14

Rouhani, Maduro discuss oil prices ahead of OPEC meeting

EghtesadOnline: Iranian President Hassan Rouhani in a telephone conversation with Venezuelan President Nicolás Maduro on Monday evening, congratulated him for the successful holding of the NAM Summit on Sep. 17 and 18, and expressed hope that during the presidency of Venezuela, NAM would see further activity and cooperation among member states in international and regional issues.
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Publish Date:04/October/2016 | 24:28

Doha Bank CEO Says Saudi Arabia ‘Missed the Boat’ on Bond

EghtesadOnline: Saudi Arabia “missed the boat” by not selling its first international bond earlier to narrow a budget deficit caused by the slump in oil prices , Doha Bank Chief Executive Officer Raghavan Seetharaman said.
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Publish Date:04/October/2016 | 11:54