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Added on the 17/06/2015 16:57:19 - Copyright : Reuters EN
The Russian rouble opens almost 2 percent weaker, continuing to fall along with oil prices, which dropped to a new 12-year low on concerns about China's economy. As Sonia Legg reports, Russia's economic recovery and once-mighty war chest are now on the line.
Global oil markets will remain oversupplied at least until the end of 2016 as demand growth slows and OPEC output booms. As Grace Pascoe reports, the warning from the International Energy Agency comes after a bad week for markets.
Oil has steadied above $33 per barrel, well above the 12 year low set earlier in the month. As David Pollard reports, it follows Russia's apparent decision to talk to Saudi Arabia and other OPEC countries about output cuts to bolster oil prices.
A British employers group has raised its forecasts for UK economic growth this year on the back of low oil prices. Grace Pascoe looks at the significance of the increase and whether other countries are seeing the same boost.
Picking up where they left off on Friday, Global markets continue to be hammered by falling oil prices. As crude hits a record five year low, Katie Gregory looks at where this dramatic drop is going to be felt the most.
Midland (Texas), Apr 6 (EFE).- Gas prices across the US are extremely low causing oil prices to drop dramatically in part due to the COVID-19 coronavirus. (Camera: LARRY SMITH).FOOTAGE SHOWS AN OIL PUMP IN AN OIL FIELD NEAR MIDLAND, TEXAS, USA.
Major oil exporters meet in Doha this weekend to discuss a possible production freeze. But even if a deal is struck, analysts offer little hope it will reduce a glut that's pushed crude prices down by 70 per cent since 2014. Kirsty Basset reports.
German consumer morale holds steady going into February as shoppers felt more upbeat about the outlook for Europe's largest economy. As David Pollard reports, there are encouraging signs elsewhere in the euro zone too despite the slowdown in China.
Crude oil bounced back Monday after falling by as much as four percent to the lowest levels since the start of the financial crisis. Bobbi Rebell reports.
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