Prices are down 37 percent this year, set for a third annual loss.
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National Herald Case: When Subramanian Swamy asked Kapil Sibal to say ‘please’
Former Defence Minister A K Antony stood surety for Ms Sonia Gandhi and Priyanka Vadra Gandhi for Mr Rahul Gandhi. Arun Jaitley who made an appearance at a cricket match on Saturday, might have a tough time on Sunday.
Russian oil output has reached a post-Soviet era high but Energy Minister Alexander Novak said in an interview to Kommersant news daily published on Tuesday that Russian oil production may start declining in 2017 if a tough taxation regime continues.
Donald Trump got viciously personal in his attacks on Hillary Clinton
A Franklin Pierce University/Boston Herald poll released Friday showed Bush in fifth place at 10% among likely Republican voters. Among blue-collar Republicans, who have formed the core of Trump’s support, the polls were about the same regardless of method.
Brent crude prices hit their lowest in over 11 years on Monday, hounded by a relentless rise in global supply that looks set to outpace demand again next year.
Guess who has mocked Hillary Clinton for going to the loo?
His comments about Clinton were not the first time he has veered into vulgarity during the campaign. Polls show the 69-year-old New Yorker remains the frontrunner for the Republican nomination.
The global crude benchmark Brent was at $36.46 per barrel at 0213 GMT.
The U.S. congress this month voted to lift the ban to export domestic crude supplies, and although no immediate large-scale exports are expected, some American oil will flow from the United States into the global market next year.
West Texas Intermediate was changing hands at $34.39 U.S. a barrel nearing midday on Monday, down about one per cent on the day.
WTI has been supported by a fall in drilling for shale oil this year.
The recent bout of weakness in commodity prices has also been partly because of the US Federal Reserve deciding to raise interest rates for the first time in nine years last week.
But Brent regained lost ground and analysts said an imminent report by the Department of Energy on U.S. oil inventories could reverse recent gains ahead of the long Christmas Day weekend.
And with falling oil prices, Iran is hoping to ramp up sales in early 2016 once sanctions against Tehran are lifted.
It marks another notable stage in the slide after Brent crude tumbled below $40 earlier this month, with stockpiles of oil continuing to grow worldwide and no sign of production cuts in sight.
Profits from stockpiling crude at sea, a tactic used by oil traders in 2008 to weather the market rout, will probably remain elusive during the current slump, according to Barclays Plc. The move is not likely to show great influence on oil prices, but it can aggravate the situation with oil oversupplies even further. “However, floating storage may not be utilized to the same extent as 2008-2009, when more than 100 million barrels of oil was stored in tankers”.
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Saudi Arabia, the world’s largest oil exporter, said it had shot down a ballistic missile that was heading towards its city of Jizan, where a new refinery and oil terminal are under construction.
