Tag - oil

 
 

OIL

WORLD
Jan 12, 2015
Oil glut spurs rush for supertankers to store excess at sea
Some of the world’s largest oil traders have hired supertankers to store crude at sea, marking a milestone in the build-up of the global glut.
Japan Times
WORLD / Science & Health
Jan 8, 2015
Vast fossil fuel reserves ‘must be left in the ground’: study
A third of the world’s oil reserves, half of gas reserves and 80 percent of current coal reserves should not be used in the coming decades if global warming is to stay below an agreed 2 degrees Celsius target, scientists said Wednesday.
BUSINESS / Economy
Jan 8, 2015
Fed looks past a world in turmoil, confident in U.S. recovery
U.S. central bankers have looked beyond a global deflation threat, fear of energy-sector bond defaults, and a surge of oil patch layoffs to reach what appears to be a firm conclusion: the U.S. recovery is here to stay.
BUSINESS / Markets
Jan 7, 2015
Wall St. extends selloff as oil prices fall further
U.S. stocks were down more than 1 percent in afternoon trading on Tuesday, extending recent losses as data showed the pace of growth in the U.S. service sector had slowed and oil prices fell further.
Japan Times
WORLD / Politics
Dec 31, 2014
After 15 years in power, Putin risks running out of luck
When Vladimir Putin was handed power unexpectedly by an ailing Boris Yeltsin on the last day of the last century, his first move was to go on television to guarantee Russia the freedoms needed for a “civilized society.”
COMMENTARY / World
Dec 30, 2014
Oil prices and Saudi democracy
Saudi Arabia’s top policymakers deny they have deliberately sought lower oil prices, and there are good reasons to doubt the kingdom is wielding the oil weapon as part of some grand geopolitical strategy.
BUSINESS / Economy
Dec 27, 2014
Falling oil prices pushing Russia toward recession
Slumping oil prices have put Russia’s economy on course for a sharp recession next year, Finance Minister Anton Siluanov said Friday, as authorities scaled up their bailout for the first bank to succumb to the recent ruble crisis.
Japan Times
BUSINESS
Dec 20, 2014
Iran’s support for Syria tested by steep fall in oil revenues
Syrian businessmen and trade officials are worried that the economic lifeline provided by Iran is under strain from plunging oil prices despite public messages of support from Syria’s strongest regional ally.
Japan Times
BUSINESS / Markets
Dec 18, 2014
Putin faces media in ‘moment of truth’ as Russia’s economy reels
Russian President Vladimir Putin will address the media at his annual press conference Thursday as the country faces a crisis that evokes memories of the post-Soviet dystopia of 1998.
Japan Times
WORLD / Politics
Dec 7, 2014
Putin allies channeled billions to Ukraine oligarch with sweetheart deals
In Russia, powerful friends helped him make a fortune. In the United States, officials want him extradited and put behind bars. In Austria, where he is currently free on bail of $155 million, authorities have yet to decide what to do with him.
COMMENTARY / World
Dec 1, 2014
OPEC’s other problem: weak demand for oil
Sluggish demand growth in response to the quadrupling of oil prices between 2002 and 2012 is at least as a big a challenge for OPEC as rising shale output.
BUSINESS / Markets
Nov 18, 2014
Japan’s recessionary slide hits stocks, oil worldwide
Data showing Japan slipped into recession in the third quarter raised concerns Monday about global economic health, hitting stocks and the price of oil.
Japan Times
WORLD
Oct 19, 2014
Western sanctions force Russia to aid China’s rise; Beijing may acquire advanced weapons
Defying his former enemies in the United States and Europe may force Russian President Vladimir Putin to aid the ascent of his biggest rival in the east.
COMMENTARY / World
Oct 17, 2014
Oil market is proving mightier than OPEC
The only sensible oil-pricing strategy for Saudi Arabia and OPEC — in light of U.S. shale output — is to focus on market share and allow prices to decline to the point at which they slow the growth in non-OPEC output and lessen the drive for energy efficiency.
COMMENTARY / World
Oct 14, 2014
Saudi Arabia’s oil enigma
Saudi Arabia is sometimes likened to a central bank managing the global oil market, adding or withdrawing supplies to control prices. But that vastly overstates the degree of influence, let alone control, that the kingdom exercises over the market.
BUSINESS / Companies
Sep 30, 2014
Sumitomo shares plunge over huge investment losses
Sumitomo shares post their biggest fall in almost two decades after the trading house said it lost $2.2 billion on investments, including Texas shale oil and Australian coal mining.
BUSINESS
Sep 24, 2014
Philanthropies and investors pledge $50 billion divestment from fossil fuels
The Rockefellers, who made their vast fortune from oil, and other philanthropies and high-wealth individuals have pledged to divest $50 billion from investments in fossil fuels.
WORLD
Sep 5, 2014
BP ‘grossly negligent’ in 2010 U.S. spill, fines could be $18 billion
A U.S. judge has decided that BP Plc was “grossly negligent” and “reckless” in the Gulf of Mexico oil spill four years ago, a ruling that could add nearly $18 billion in fines to more than $42 billion in charges the company took for the worst offshore environmental disaster in U.S. history.
Japan Times
ASIA PACIFIC
Aug 26, 2014
Jakarta tiptoes around issue of gas-rich islets
The word “sleepy” could have been invented for Ranai, the largest town in Indonesia’s remote and sparsely populated Natuna archipelago.
Japan Times
WORLD
Aug 25, 2014
Final TV showdown in Scotland’s independence debate looms before September vote
Scotland’s future will be debated in a final TV showdown on Monday just weeks before a historic independence referendum with the pro-breakaway camp, behind in the polls, looking for a game-changing performance from its leader Alex Salmond.

Longform

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