TAG crude oil

Down in Saudi amnesia, they’re partying like it’s 2008

While higher crude prices would naturally be expected to boost spirits in the oil-dependent economies of the Middle East and elsewhere, they may have a chilling effect elsewhere. The growth of U.S. gasoline demand has already started to slow after pump prices rose late last year, and prices are still … The post Down <b>in</b> Saudi…

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With oil prices going up, shouldn’t GST be going down?

LETTER | Caretaker deputy prime minister Ahmad Zahid Hamidi said that the government guarantees that they will not raise GST after the 14th general election. After all, based on the rising crude oil price from US$52 to US$70 per barrel, the federal government expects the oil revenue to be increased. The post With <b>oil</b> prices…

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Forex Forecast: Pairs in Focus

In my previous piece last week, I forecasted that the best trades would be long GBP/USD and long WTI Crude Oil. After initially rising, GBP/USD fell sharply in the second half of last week and ended down by 1.57%, while WTI Crude Oil rose by 0.96%. This produced an average loss of 0.31% over the ……

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Riyadh Rocks the Oil Price

It started to sound a lot like 2008 in Saudi Arabia on Friday, as the kingdom's oil minister argued that the world could tolerate a higher crude price. "I haven't seen any impact on demand with current prices," Khali Al-Falih told reporters at the meeting of OPEC and non-OPEC producers in Jeddah. Arguing … The post…

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CPC to raise fuel prices by NT$0.5 per liter this week

Taipei, April 22 (CNA) State-owned oil refiner CPC Corp., Taiwan said Sunday that it will raise gasoline and diesel prices by NT$0.5 (US$0.017) per liter for the … Based on the fluctuations in international crude oil prices, CPC calculated the average price of crude oil at US$70.45 per barrel last week, … The post CPC to…

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Petrol hits Rs 74.40; diesel scales new high of Rs 65.65

Petrol prices today hit Rs 74.40 a litre – the highest level under the BJP-led government, while diesel rates touched a record high of Rs 65.65, renewing calls for cut in excise duty to ease the burden on consumers. State-owned oil firms, which have been since June last year revising auto fuel prices daily, … The…

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