January 10, 2019

Bank Of Canada Cuts Economic Outlook As Low Oil Prices Weigh

Bank of Canada said on Wednesday that it expects real gross domestic product (GDP) to grow by 1.7 percent this year, revising down its forecast by […]
January 9, 2019

World Bank Cuts Oil Price Forecast To $67 In 2019-2020

The World Bank expects oil prices to average $67 a barrel this year and next, down $2 compared to projections from June last year, the bank […]
January 9, 2019

Arab Bank: Brent Crude Prices To Recover To $60-70

Brent Crude prices are expected to trade between $60 and $70 a barrel by the second half of this year, unless a sharp global economic slowdown […]
December 6, 2018

World Bank Warns Of Extreme Volatility In Oil Markets

After several months of oil price rises and then a sharp reversal over the last few weeks, world oil markets are in for more heightened volatility […]
December 5, 2018

World Bank: Russia Can Withstand Oil Price Volatility In 2019

Russia is well-positioned to withstand external shocks, The World Bank said today in its most recent version of Russia Economic Report, cited by TASS. Oil prices […]
December 4, 2018

World Bank Pledges $200 Billion Climate Action Investment

The World Bank Group said on Monday that it would double its current five-year investments to US$200 billion in the period 2012 through 2025 to support […]
November 9, 2018

Russian Bank VTB Funded Rosneft Stake Sale To Qatari Fund

Russian VTB, a state-owned bank, funded a significant portion of the Qatar Investment Authority’s acquisition of a stake in oil giant Rosneft, Reuters reports, quoting nine […]
September 27, 2018

Norway’s Central Bank Fears An Oil Price Spike

Rising oil prices have helped the finances and economies of the big oil-producing nations a lot. Western Europe’s largest oil and gas producer, Norway, is no […]
September 6, 2018

Iran Says Europe Looks To Open Bank Accounts To Deposit Iranian Oil Income

Europe is looking to open bank accounts in Europe for Iran to deposit oil revenues and secure Iranian oil exports, Iranian media quoted Deputy Foreign Minister […]