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Saudis: 'Misunderstanding,' no 'price war' talk

Saudis: 'Misunderstanding,' no 'price war' talk | EconMatters | Scoop.it
Saudi Arabia's oil minister publicly knocked talk of an OPEC "price war" but did little in the way of clarifying what the cartel will do about falling prices.
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NATO Says Russia Troops Enter Ukraine as East Risks Open War

NATO Says Russia Troops Enter Ukraine as East Risks Open War | EconMatters | Scoop.it
NATO accused Russia of sending columns of troops and heavy weapons into Ukraine in the past two days, as the government in Kiev warned the nation’s eastern combat zone is close to returning to open war.
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Brent Oil Falls to Four-Year Low Amid OPEC Skepticism

Brent Oil Falls to Four-Year Low Amid OPEC Skepticism | EconMatters | Scoop.it
Brent oil dropped to a four-year low amid signs the Organization of Petroleum Exporting Countries isn’t prepared to tackle the global supply glut. West Texas Intermediate crude was little changed.
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Crude Retreats on Concern OPEC in No Hurry to Cut Output

Crude Retreats on Concern OPEC in No Hurry to Cut Output | EconMatters | Scoop.it
West Texas Intermediate crude slipped on speculation that the Organization of Petroleum Exporting Countries is in no hurry to cut output to reverse a slide in prices. Brent fell in London.
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Oil Falls Fifth Day in Six as OPEC Cuts Demand Outlook

Oil Falls Fifth Day in Six as OPEC Cuts Demand Outlook | EconMatters | Scoop.it
U.S. crude futures slid for a fifth time in six days after OPEC cut forecasts for the amount of oil it needs to supply and the dollar strengthened.
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S&P 500 Climbs as Dollar Gains on Election; Gold Retreats

S&P 500 Climbs as Dollar Gains on Election; Gold Retreats | EconMatters | Scoop.it
The Standard & Poor’s 500 Index approached a record as Republicans won control of the Senate while the dollar strengthened and precious metals fell. European stocks gained on better-than-estimated earnings.
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Bears surround oil as it falls below $80 a barrel

Bears surround oil as it falls below $80 a barrel | EconMatters | Scoop.it
West Texas Intermediate bounced back and forth between positive and negative territory just around the $80 level for most of the session.
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OPEC Boosts Oil Output as Prices Slide to Four-Year Low

OPEC Boosts Oil Output as Prices Slide to Four-Year Low | EconMatters | Scoop.it
OPEC countries boosted oil output to a 14-month high in October as crude futures sank into a bear market, a Bloomberg survey showed yesterday.
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U.S. Economy Up 3.5% in 3rd Quarter, Capping Best 6 Months in Over a Decade 

U.S. Economy Up 3.5% in 3rd Quarter, Capping Best 6 Months in Over a Decade  | EconMatters | Scoop.it
The economy in the U.S. expanded more than forecast in the third quarter, capping its strongest six months in more than a decade, as gains in government spending and a shrinking trade deficit made up for a slowdown in household purchases.
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Fed Closes Chapter on Easy Money

Fed Closes Chapter on Easy Money | EconMatters | Scoop.it
The Federal Reserve said it would end its long-running bond-purchase program, concluding a historic experiment that stirred disagreement among policy makers, economists and investors about its impact even though the central bank said it helped accomplish its goal of reducing unemployment.
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U.S. Homeownership Rate Falls to Lowest Since Early 1995

U.S. Homeownership Rate Falls to Lowest Since Early 1995 | EconMatters | Scoop.it
The homeownership rate in the U.S. fell to the lowest in more than 19 years as the market shifted toward renting and tight credit blocked some potential buyers.
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NYMEX November gas contract hits one-year low with $3.561/MMBtu settle - Natural Gas | Platts News Article & Story

NYMEX November gas contract hits one-year low with $3.561/MMBtu settle - Read this Platts natural gas news article here. Plus discover more natural gas market news, products & services.
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WTI Oil Falls to 28-Month Low as Goldman Cuts Forecast

WTI Oil Falls to 28-Month Low as Goldman Cuts Forecast | EconMatters | Scoop.it
West Texas Intermediate crude fell to the lowest in almost 28 months as Goldman Sachs Group Inc. joined other banks in lowering price forecasts amid concern supplies are outpacing demand. Brent slid for a second day.
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China Seen Overtaking U.S. as World’s Biggest Oil User

China Seen Overtaking U.S. as World’s Biggest Oil User | EconMatters | Scoop.it
China will overtake the U.S. as the world’s biggest oil consumer within two decades, according to the International Energy Agency.
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Spanish Ebola nurse sues over dead dog

Spanish Ebola nurse sues over dead dog | EconMatters | Scoop.it
The Spanish nursing assistant who spent a month battling Ebola is suing officials for "attacking her honor" and killing her dog, El Pais reports.
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China, South Korea Reach 'Substantial Conclusion' on FTA

China, South Korea Reach 'Substantial Conclusion' on FTA | EconMatters | Scoop.it
China and South Korea say they have effectively reached a free trade agreement that has been in the works for two-and-a-half years.

The announcement was made Monday in Beijing after a meetin...
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Predictors of ’29 Crash See 65% Chance of 2015 Recession

Predictors of ’29 Crash See 65% Chance of 2015 Recession | EconMatters | Scoop.it
In 1929, a businessman and economist by the name of Jerome Levy didn’t like what he saw in his analysis of corporate profits. He sold his stocks before the October crash.
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BHP Seen Shipping First U.S. Condensate Without Ruling

BHP Seen Shipping First U.S. Condensate Without Ruling | EconMatters | Scoop.it
BHP Billiton Ltd. plans to export condensate from the U.S., the first company seen to ship the fuel abroad without express permission from federal regulators.
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U.S. Crude Futures Fall to 3-Year Low on Saudi Price Cut

U.S. Crude Futures Fall to 3-Year Low on Saudi Price Cut | EconMatters | Scoop.it
West Texas Intermediate crude dropped to a three-year low as Saudi Arabia cut prices for exports to U.S. customers amid speculation stockpiles increased last week. Brent touched a four-year low.
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Rich Guys Running for Office Struggle With Voters in Land of Frozen Wages

Rich Guys Running for Office Struggle With Voters in Land of Frozen Wages | EconMatters | Scoop.it
Two millionaires vying for governor in Florida are bickering over who’s had the more cushy life.
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Brent Set for Longest Run of Weekly Losses Since 2002

Brent Set for Longest Run of Weekly Losses Since 2002 | EconMatters | Scoop.it
Brent crude headed for a sixth weekly loss, the longest losing streak since 2002, as OPEC boosted production to a 14-month high amid a global surplus. West Texas Intermediate was on track for its biggest monthly decline in more than two years.
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BP CFO: $70 oil would threaten Big Oil projects

BP CFO: $70 oil would threaten Big Oil projects | EconMatters | Scoop.it
The Big Oil industry’s prized projects won’t face major cuts unless oil prices fall below $70 a barrel, BP’s chief financial officer told investors on Tuesday.
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U.S. Oil Output Surges to Highest Since 1980s on Shale

U.S. Oil Output Surges to Highest Since 1980s on Shale | EconMatters | Scoop.it
U.S. crude production climbed to the highest level in at least three decades last week as the shale boom moved the country closer to energy independence.
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BP cuts 2014 capex, sees lower Q4 oil and gas output, refining margins - Oil | Platts News Article & Story

BP cuts 2014 capex, sees lower Q4 oil and gas output, refining margins - Read this Platts oil news article here. Plus discover more oil market news, products & services.
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