Tag Archives: OIl

New Zealand’s national income is expected to get an annual boost of about $2.4 billion as the fight between new energy producers and the Organisation for Petroleum Exporting Countries for market share keep global oil prices low, according to the Reserve Bank. Last year’s 50 percent slump in the price of Dubai crude oil to about US$55 a barrel has …

US Federal Reserve policy makers have helped renew optimism in global equities with their promise to be patient on raising interest rates, triggering a late Santa rally as Christmas approaches. Fed Chair Janet Yellen suggested the central bank will keep key rates near zero at least through the first quarter of 2015. That timetable helped lift Wall Street last week: …

Wall Street swung from gains to losses as investors took positions as US Federal Reserve policy makers prepared to start a two-day meeting on Tuesday, and as oil prices continued their free-fall. Oil tumbled further after United Arab Emirates said oil exporters would not cut output even if prices slide as low as US$40 a barrel. West Texas Intermediate for …

Today, China is the second largest consumer of oil, just after the United States. The Documentary investigates the new world geopolitics that is emerging around the needs of both the world’s leading superpower and the world’s fastest growing economy to secure future supplies of oil. This is the final part of  The Battle for Oil.

Today, China is the second largest consumer of oil, just after the United States. The Documentary investigates the new world geopolitics that is emerging around the needs of both the world’s leading superpower and the world’s fastest growing economy to secure future supplies of oil. Final Part: Sunday  December 2, 2pm.