OPEC producers lower oil prices for Asia in market share battle

Source: Bloomberg
Kuwait, Iran and Iraq supported Saudi Arabia in cutting oil prices for March sales to Asia, reinforcing a view that the battle for the share of OPEC's biggest market is increasing. Iraq's Basrah Light will sell crude at $4.10 a barrel below Middle East benchmarks, National Iranian Oil Co. stated a discount will be $2.10 a barrel and Kuwait Petroleum Corp. will trade with the discount of $4.10.
Back to articles

Actual Topics

Wed, 11 Feb 2015 20:00:10 GMT

China Everbright Bank lowers rates amid weak economy

China Everbright Bank Co Ltd decreased the deposit rates from the highest permitted level, as the People's Bank of China keeps injecting liquidity against the background of gloomy growth prospects. The deposit rate was cut to 3.16% compared to the previous level of 3.3%. Following the decision the stock price of Everbright Bank slipped 1.2% to trade at 4.07 yuan

Wed, 11 Feb 2015 15:24:27 GMT

Gold rebounds from 3-week low on Greece meeting with creditors

Gold rebounded from its weakest level in three week prior to Greece emergency meeting with its creditors. Bullion advanced 4.2% this year on the Greek crisis outlook and new stimulus programme in Europe and Asia. The yellow metal for immediate settlement stayed almost the same at $1,233.57 an ounce as of 10:48 a.m. London time.

Subscribe to "Fundamental Analysis" feed

Subscribe
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.