Saudi Arabia will not balance oil market on its own

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Source: Bloomberg
The head of Saudi Arabian Oil Co. stated that Saudi Arabia will not balance global oil markets single-handedly, since prices decline "too low for everybody". This also threatens the investment that is needed in order to meet long-term demand. The OPEC decided to keep its production target the same during the November 27 meeting to protect market share.
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Tue, 27 Jan 2015 22:38:05 GMT

Gold futures rise when US durable-goods orders drop

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Tue, 27 Jan 2015 22:16:07 GMT

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