Oil Tumbles Below $30 With Brent at Biggest Discount Since 2010 - Bloomberg

Oil dropped to a new 12-year low below $30 a barrel in New York, while the discount on global benchmark Brent reached a five-year high as Iran moved closer to restoring exports. The most important business stories of the day. Get Bloomberg's daily ...

As Iran Prepares to Sell Its Oil, Officials Look at Ways to Bolster the Price - Wall Street Journal

With implementation of the Iran nuclear deal, years-long economic sanctions are being lifted. What areas of Iran's economy are likely to be the biggest winners? WSJ's Jason Bellini has #TheShortAnswer. Photo: Getty. By. Benoît Faucon. Jan. 15, 2016 2 ...

What's behind the falling price of oil? - Aljazeera.com

With the price of oil now below $30 a barrel, the industry is in its deepest downturn since the 1990s. 15 Jan 2016 22:29 GMT | Business & Economy, Politics, Middle East · Listen to this page using ReadSpeaker. 0; All Social ...

Oil plummets to $29, dragging world stocks lower - Reuters

People walk through the lobby of the London Stock Exchange in London, Britain August 25, 2015. REUTERS/Suzanne Plunkett. 1/2. left. right. An investor checks stock information on a mobile device at a brokerage house in Shanghai, China, January 8, 2016.

Oil plunges below $29 on prospects of more Iran crude, China worries - Reuters

A pump jack operates at a well site leased by Devon Energy Production Company near Guthrie, Oklahoma September 15, 2015. REUTERS/Nick Oxford. By Devika Krishna Kumar | NEW YORK. NEW YORK Oil prices crashed 6 percent on Friday to close ...

Oil Drop Deepens As Global Market Braces For More Iranian Crude - International Business Times

Oil prices crashed 6 percent on Friday to close below $30 a barrel for the first time in 12 years, resuming this year's breathtaking rout as Chinese stock markets fell further and traders braced for an imminent rise in Iran's exports. After closing ...

Oil Prices Tumble Below $30 a Barrel - Wall Street Journal

Oil prices settled below $30 a barrel on Friday for the first time in 12 years as turmoil in Chinese markets and the expected increase in Iranian crude exports added to concerns that a global glut will linger. Light, sweet crude for February delivery ...

US oil plunges 5.7% on China, closes at $29.42 a barrel - CNBC

World oil prices slumped to below $29 a barrel on Friday, as a further fall in the Chinese stock market and the prospect of an imminent rise in Iran's crude exports deepened fears of a longer supply glut. After closing higher for the first time in ...

Re-Covering Oil and War - The Market Oracle

The first thing that popped into our minds on Tuesday when WTI oil briefly broached $30 for its first $20 handle in many years, was that this should be triggering a Gawdawful amount of bets, $30 being such an obvious number. Which in turn would of ...

A welcome drop in the global price of crude oil - Financial Times

The financial markets' downbeat, if not downright grisly, start to the year continued this week as stocks in several countries and the global oil price fell sharply. Sample the FT's top stories for a week. You select the topic, we deliver the news ...

As Iran's Tankers Point Abroad, Oil Prices Tumble - The Maritime Executive

With Iran ready to resume business as usual with the world under a historic nuclear deal, Tehran will target India, Asia's fastest-growing major oil market, and old partners in Europe with hundreds of thousands of barrels of its crude. Futures markets ...

Crude oil falls below $30 per barrel - UPI.com

Crude oil prices dive below $30 per barrel as Chinese jitters extend deeper into the start of January trading. Oil prices are at their lowest point in more than 10 years. File photo by Debbie Hill/UPI. | License Photo. NEW YORK, Jan. 15 (UPI ...

Iran Readies Oil Tankers To India As UN Prepares To Lift Sanctions - International Business Times

Iran oil production Iran's Soroush production platform sits on a barge on Qeshm Island in the Persian Gulf, Oct. 6, 2003. Photo: Reuters/Raheb Homavandi; Iran oil prices Iran is readying to resume crude oil exports to old business partners in Europe ...

Why Oil-Rich Iran Is Eyeing India As Clock Ticks Down On Sanctions - NDTV

Iran has 13 fully loaded crude carriers carrying enough fuel to meet India's import needs for almost a week. (Reuters photo). Singapore/London/New York: With Iran poised to resume usual business ties with the world under a historic nuclear deal, Tehran ...

As clock ticks down on sanctions, oil-laden Iran tankers set to target India and Europe - Times of India

SINGAPORE/LONDON/NEW YORK: With Iran poised to resume usual business ties with the world under a historic nuclear deal, Tehran is set to target India, Asia's fastest-growing major oil market, and old partners in Europe, with hundreds of thousands of ...

South Korea's Iran crude oil imports drop 62.2 percent year-on-year in December - Reuters

South Korea's top refiner SK Energy's main factory is seen in Ulsan, about 410 km (256 miles) southeast of Seoul, February 25, 2009. REUTERS/Jo Yong-Hak. 1/2. left. right. An employee holds a gas pump at a gas station of Hyundai Oilbank in Seoul in ...

$15 Oil? It's Already Here, in Canada - Wall Street Journal

Crude prices dipped below $30 a barrel this week for the first time in years. But for many producers, $30 oil already is a thing of the past. Most barrels of oil sold globally garner less than benchmark prices because they are deemed lower quality, or ...

Bounce in oil prices lifts energy shares, US stocks - Reuters

People walk through the lobby of the London Stock Exchange in London, Britain August 25, 2015. REUTERS/Suzanne Plunkett. 1/2. left. right. A man walks past an electronic board showing graphs of recent Japan's Nikkei share average outside a brokerage ...

Oil up after eight-day rout; worries remain Iran will add to glut - Reuters

NEW YORK Oil rebounded on Thursday, snapping an eight-day rout, as investors covered short positions but the market settled not far from 12-year lows on worries Iran may add barrels to a glutted global market sooner than expected. Global crude ...

Oil Outlook: Will Dirt Cheap Prices Ever Rise? - Nasdaq

Oil prices climbed ever so slightly Thursday, with both Brent Oil and West Texas Intermediate gaining nearly 0.5%. Nevertheless, the worldwide price per barrel of oil is still hovering around 12-year lows. These ridiculously cheap oil prices are ...