Expect Bigger Crude Oil Surplus in Y 2017, Output Jumps

Expect Bigger Crude Oil Surplus in Y 2017, Output Jumps






Expect Bigger Crude Oil Surplus in Y 2017, Output Jumps $USO, $OIL According to OPEC’s report, October’s supply boost mostly came from Libya, Nigeria and Iraq OPEC reported an increase in its Crude Oil production in October to a record high led by members hoping to be exempt from the producer group’s attempt to curb […]






UAE non-Oil Business Slows for 3rd Month Running

UAE non-Oil Business Slows for 3rd Month Running






UAE non-Oil Business Slows for 3rd Month Running PMI points to little new work and near stagnation in employment in October Activity in the UAE’s private sector slowed for the 3rd month in a row in October with new employment levels stagnating, according to a new survey. The Emirates-NBD-sponsored purchasing managers index (PMI), measuring non-Oil […]






OPEC Back in Business, the Market is Sceptical

OPEC Back in Business, the Market is Sceptical






OPEC Back in Business, the Market is Sceptical $OIL, $USO Crude Oil plummets to a 1-month low following the conclusion of the weekend’s 2-day informal technical OPEC meeting Familiar concerns have emerged about OPEC’s willingness and ability to cut production in order to push prices higher OPEC’s output accord in Algiers last month was initially […]






China Slashes Crude Oil Refinery Output on Sluggish Prices

China Slashes Crude Oil Refinery Output on Sluggish Prices






China Slashes Crude Oil Refinery Output on Sluggish Prices $OIL, $SHI, $PTR China’s Crude Oil output fell 9.9% Y-Y in August, the biggest monthly fall since Y 2003 as refineries slashed production amid sluggish global Crude Oil prices, data from the National Bureau of Statistics showed Monday. Imports have trended upward after private refineries were […]






Ferrari’s (NYSE:RACE) F12berlinetta Coming with 6.3ltr V-12 Engine++

Ferrari’s (NYSE:RACE) F12berlinetta Coming with 6.3ltr V-12 Engine++






Ferrari’s (NYSE:RACE) Latest Berlinetta Coming with 6.3ltr V-12 Engine++ $RACE Ferrari is not ready to say goodbye to its naturally-aspirated V-12 engines. A new report from German magazine Autobild claims that the successor to the F12berlinetta will continue to be fitted with a V-12 engine. The yet-to-be-named model is due to arrive sometime in Y […]