Apr 18 2017
Some of the recent attempts at valuing Aramco have placed the company's total worth at somewhere between US$400 billion and US$1 trillion, according to various assumptions about the tax rate, the cost of capital, ability to generate cash flow, oil price projections, and potential political sensitivity for future investors. Brent Oil was down 48 cents or 0.86% at $55.41 per barrel.
Crude oil prices are expected to continue their bullish trends this week, as the geopolitical tensions in the Middle East look set to escalate.
Crude oil declined Monday, but consolidated well off session lows as investors evaluated signs of higher USA output. The country was exempted from the initial agreement and allowed to increase its crude output to about 4 million barrels-the production level before Western sanctions were imposed on the country.
Crude oil prices slipped 1 percent on Monday in subdued trading after a long Easter holiday weekend, on news of rising US shale production and profit-taking following three straight weeks of gains.On Monday, the Energy Information Agency (EIA) said USA shale production in May was set for its biggest monthly increase in more than two years, adding to worries that these increases would undermine efforts of the world's top producers to rein in a glut.Robert Yawger, director of energy futures at Mizuho Americas said market conditions encouraged profit taking. On Thursday, before major markets closed for the holiday break, they settled up 3 cents at $55.89 a barrel.
U.S. West Texas Intermediate crude futures were also down 47 cents at $52.71 a barrel.
Both benchmarks last week rose for a third consecutive week, with Brent adding 1.2 percent over the four days before the Good Friday holiday and WTI up 1.8 percent.
Although the failure of a ballistic missile launch in North Korea brought some respite, markets were braced for further tensions in the region.
USA drillers last week added rigs for a 13th straight week.
Investors should also look out for important data such as the weekly United States crude inventories figures, to gain further insights into the pace of the oil market rebalancing.
U.S. crude oil production has climbed to 9.24 million barrels per day, according to the latest Energy Information Administration data, making it the world's third-largest producer after Russian Federation and Saudi Arabia.
The increasing production largely counteracted figures showing first quarter economic growth of 6.9 percent in China.
The minister did not go into any details as to how much Iran would be willing to cut off its daily output or from what monthly production level the cut will be effected.
Apr 17 2017
North Korea To Reinforce Defenses after Syria Missile Strike
Trump said he and Xi "held in-depth discussions on the seriousness of North Korea's nuclear problem and how to respond to it". Despite concerns, the relationship between China and the United States has moved in many directions and expanded mutual ties.
Apr 17 2017
Rod Carew's new heart, kidney came from late NFL player
He put in a year with a left ventricular help gadget in his trunk taking care of the work of his harmed heart. The American Heart Association believes this to be the first such transplant involving pro athletes.
Apr 16 2017
The tone of tensions: Korean voices, North and South
He passed the leadership over to his son, Kim Jong Il , who in turn passed it to his son, current North Korean leader Kim Jong Un. It was the first time North Korea had shown the missiles, which have a range of more than 1,000 kilometres, at a military parade.
Apr 16 2017
Janet Jackson gives birth at 50, see her baby boy
News, Wissam has since updated his website with a quote from the Quran , which seems to hint at the marriage split. And if this news anxious the younger of the " King of Pop", her husband would not have felt at all concerned.
Apr 16 2017
Hennepin County measles outbreak now includes 8 children
The department says that in 1963, before the vaccine, the United States at 4 million cases a year, which killed 450-500 people. The CDC reports reveal that an average of 60 measles cases have been reported yearly between 2001 and 2012.
Apr 16 2017
Pep Guardiola expecting tough test against Southampton
Maybe now he understands better what we're looking for. "[His attitude] was always good, from the beginning". The newly-acquired Italian striker is scoring a goal every 70 minutes in the Premier League at the moment.
Apr 16 2017
Crystal Palace close on survival after comeback earns draw
A winning goal eluded either team, denying each a sixth league win from seven. Palace struck back impressively and were back in the game inside two minutes.
Apr 15 2017
No information on Chechen gay killings claim
However, with over 100 men missing and at least three dead, the statement is not only false but a clear act of violence. The Russian authorities condemned threats against journalists and said that the Kremlin was monitoring the situation.
Apr 15 2017
Egg hunts around Central Alabama for weekend of April 14TH
An egg hunt has traditionally been defined as a game during which decorated eggs or Easter eggs are hidden for children to find. The Medina Railroad Museum, 530 West Ave., Medina, will offer its Easter Express with departure times at noon and 1:20 p.m.
Apr 14 2017
Wells Fargo first-quarter profits hurt by lower mortgage banking revenue
But amid signs that the storm over fake accounts is easing, branch employees are starting to promote new accounts to people. The bank also plans to reduce headcount in businesses such as mortgage if, as expected, business gets slower.
Apr 17 2017Iran's Ahmadinejad sees no threat from U.S.
Apr 17 2017Stockholm truck attack: Uzbek suspect an asylum seeker facing deportation, police say
Apr 16 2017April, The Giraffe, In A New York Zoo Is Finally Giving Birth
Apr 16 2017University Of California Researcher Solves Drought Problems With Solar-Powered 'Water Harvester'
Apr 16 2017World's oldest person Emma Morano dies in Italy aged 117
Apr 15 2017Trump says China won't be labeled a currency manipulator
Apr 15 2017Kelsey Plum goes No. 1 in WNBA draft
Apr 15 2017Centre to issue advisory against service charge on food bills
Apr 15 2017Michigan State's Miles Bridges chooses to stay in school
Apr 15 2017Second officer fired after new video of disturbing Gwinnett Police stop emerges
Apr 17 2017Kerala: Easter celebrated in state with religious fervour
Apr 17 2017Cristie Kerr wins LPGA Lotte in Hawaii for 19th tour title
Apr 16 2017Diplomats can't agree on what Trump will do next in Syria
Apr 16 2017The iPhone of Cars? Apple Enters Self-driving Car Race
Apr 16 2017Justice Department drops North Carolina LGBT rights lawsuit
Apr 16 2017Barca keep pressure on Madrid with thrilling Real Sociedad win
Apr 16 2017Umpire hurt; Orioles hit 4 HRs, beat slumping Blue Jays 6-4
Apr 15 2017Republicans survive election scare, win Kansas House seat
Apr 15 2017Earn Rs 10 for Every Successful Referral for BHIM app
Apr 14 2017First Alert Forecast: mild temperatures and low rain chances through Easter
Apr 14 2017No-fly zone: Trump not allowed to use personal helicopter
Apr 13 2017India to partner in Bangladesh's economic development