International Markets

Kiev

Lies and Deception in Ukraine’s Energy Sector

By Robert Bensh for Oilprice.com The Ukrainian government has repeatedly claimed it is doing its best to improve the oil and gas investment climate, but official statements are the opposite ...
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Oil Tanker

Oil Prices Changing the Face of Global Geopolitics

By Andrew Topf for Oilprice.com In a documentary that aired recently on the Canadian Broadcasting Corporation's popular The Fifth Estate program, an allegory of Vladimir Putin was presented. The wily ...
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2002_Ruble

Moody’s Cuts Russia Toward Junk

One more downgrade, and Russia's government bond rating will be junk. The trend is moving rapidly in that direction, as Moody's lowered its rating one slot to Baa3. The credit agent's ...
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World currency

Leucadia Rescues FXCM — for a Price

Leucadia National Corp. (NYSE: LUK) has bailed out battered foreign exchange broker FXCM Inc. (NYSE: FXCM) with a $300 million cash investment in exchange for $250 million two-year secured notes ...
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Athens

Bad News and Good News on Greek Exit

The January 25 elections in Greece are raising concerns that if the current leader in the political polls wins the election, the country may threaten to leave the euro monetary ...
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global economy

World Bank Slashes Global Growth Forecast

The World Bank claims it sees the future and does not like it, at least economically. The organization cut its forecast for global GDP growth this year to 3%.0. The ...
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cadillac-badge

GM Plans to Pour $12 Billion Into Cadillac Brand

Over the next five years, General Motors Co. (NYSE: GM) plans to spend more than $12 billion developing its luxury Cadillac brand, with high hopes of creating new sales in ...
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2002_Ruble

Russia Credit Rating Cut Toward Junk

Oil prices, the first among many things, caused credit rating agency Fitch to cut Russia's rating to "BBB- with a negative outlook." Another cut in the rating, which could well ...
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Mercedes-Benz

US, China Are Top Markets for Mercedes-Benz

Daimler, the Germany-based maker of Mercedes-Benz automobiles, announced Friday morning that the company sold a record 1.65 million vehicles in 2014, up 12.9% compared with 2013 sales, and the fourth ...
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PlayStation 4 white

Chinese Gamers Will Wait Longer for Sony PlayStation 4 Intro

Sony Corp. (NYSE: SNE) said in a statement Thursday that the scheduled January 11 launch of the company’s PlayStation 4 in China has been delayed. A new date has not ...
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Athens

The Greek Conundrum Takes Its Toll

With the woes of Europe dominating the headlines for the start of 2015, the concerns about the future of Greece in the eurozone are upon us yet again. National Bank ...
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India flag

Can India Outperform Again in 2015?

India had a good year in 2014, with the Bombay Sensex recording its best performance in five years. Across the board, India made solid gains, from small caps to large ...
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XOM Kara Sea Well

Russian Oil Production Sets Post-Soviet High

Record high post-Soviet crude oil production in Russia has weighed down crude prices Friday, particularly on Brent crude, which traded down about 2% at $56.16. West Texas Intermediate (WTI) traded ...
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Oil Tanker

10 Huge Countries Without Their Own Oil

The world’s 1.635 trillion barrels of proved oil reserves are not evenly distributed among the globe’s 216 nations. Just three -- Saudi Arabia, Venezuela and Canada -- account for nearly ...
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Russia

5 Things That Could Save Russia From Recession in 2015

The Russian ruble has lost about 40% of its value since the beginning of 2014, and as the country struggles to prop up its currency, the falling price of crude ...
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