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Price News

Oil producers to review cuts impact in April: UAE

Dubai - Oil producers who agreed last week to trim production to boost prices will meet in April to review the impact and sign a long-term pact, the UAE minister said Wednesday.OPEC and some non-OPEC producers decided to cut output by 1.

Oil prices surge more than 5% on cut pledge, US-China deal

Fpo - Oil prices soared more than five percent on Monday after Russia and Saudi Arabia renewed a pact to cap output, while the US agreed to halt raising tariffs on Chinese imports, stalling a trade row that many feared could hit demand for the commodity.

Haiti suspends fuel price hike after arson, looting, gunfire

Port-au-prince - Haiti's Prime Minister Jack Guy Lafontant on Saturday announced the suspension "until further notice" of a fuel price hike that triggered violent protests and left one dead in the Caribbean nation.

Haiti tense after unpopular fuel price hike

Port-au-prince - At least one person was killed amid protests in the capital of impoverished Haiti Friday, following the announcement of a fuel price rise to comply with an International Monetary Fund agreement.

Oil prices extend losses in Asia after demand warning

Singapore - Oil prices tumbled more than one percent on Wednesday in Asia, extending the previous day's sharp falls after the International Energy Agency warned of weakening demand.

Obamacare critic confirmed as US health secretary

Washington - The US Senate narrowly confirmed Tom Price as President Donald Trump's pick for health secretary Friday, appointing a fierce Obamacare critic who aims to implement a Republican promise to tear up the divisive health care reform law.

Krispy Kreme shares jump after European conglomerate buys chain

New York - Shares in North Carolina-based Krispy Kreme doughnuts soared Monday after a Luxembourg coffee investment giant announced plans to buy the 1,100-store chain.

U.S. Postal Service has to lower prices — But there's a price

Washington - Now for something completely different; the cost to mail a letter is going down in the United States. Yes, prices going down — you heard that right.

OPEC decides against cutting oil output

Vienna - The Organization of the Petroleum Exporting Countries has decided against cutting its oil output to lift prices, its president and Nigerian oil minister Emmanuel Ibe Kachikwu said following a meeting here Friday.

No. 2 leader of ISIS killed in drone strike, U.S. officials say

Washington - One of the top leaders of feared Iraqi terrorist group Islamic State was killed Wednesday in a drone strike, U.S. officials acknowledged this week.

OnePlus sells 30,000 smartphones in just 64 seconds

Chinese smartphone brand OnePlus has announced that it burnt through all of its available stock for its new flagship handset, the OnePlus Two, after just 64 seconds of the phone going on sale in its home country. It packs $600 features into a $329 device.

Starbucks raises price of some of its drinks

Seattle - Feeling the pain? You're not alone. Your morning coffee just got a little more expensive. Starbucks, the nation's largest cafe chain, raised the price of most of its drinks by as much as 20 cents on Tuesday.

Woman bites Macy's employee because item was overpriced

Newark - Police arrested a woman in Newark after she allegedly bit an employee at Macy's. The woman was allegedly upset over the price of an item.

Mobile ads are dramatically under-priced, says marketing leader

Last week, the leader of the Mobile Marketing Association advised advertisers that they were being dramatically under-charged for ad videos on mobile platforms. He suggests that supply outweighs demand and that the current low prices cannot last long.

FTSE 100 sets record on Tuesday but fails to hold it on Wednesday

After approval of economic reform proposals submitted by Greece helped the FTSE 100 reach record-breaking levels yesterday, it has fallen back considerably throughout the course of today, with shares in some major companies dropping by nearly 10 percent.

U.S. oil prices open $4.40 lower following OPEC meeting

New York - U.S. oil prices sank more than $4 in opening trade Friday, a day after OPEC decided to not cut production in response to lower prices.Near 1400 GMT, US benchmark West Texas Intermediate for delivery in January stood at $69.

Oil plunges to new multi-year lows on OPEC decision

New York - Global oil prices plunged Friday to new multi-year lows after the OPEC oil-producing cartel decided to maintain crude output in an oversupplied market.US benchmark West Texas Intermediate for delivery in January closed at $66.

OPEC move to keep oil output target sparks price slump

Vienna - OPEC's decision against cutting oil production, despite a global glut in supplies, triggered a five-dollar collapse in crude prices and prompted a fall in early trading on Asian markets Friday.

Russia cuts oil output as OPEC 'agrees' price too low

Vienna - Rosneft has trimmed its oil output partly in response to sliding crude prices, the Russian oil giant said Tuesday, as an under-pressure OPEC mulled taking similar action.

41MP Nokia Lumia 1020 receives a substantial price cut

The Nokia Lumia 1020, a high-end Windows Phone device famed for its incredible 41MP camera lens, has dropped significantly in price, apparently permanently, over this weekend.

Nazism joined Communism 75 years ago and we still pay the price

Uzhorod - 75 years ago, my Uncle Elemér was condemned to death when Germany’s Adolf Hitler and Russia’s Josef Stalin became allies in a pact that would directly lead to the Second World War and many other horrors.

Netflix plans price hike for its subscriptions

Netflix surprised customers today with their the announcement of their decision to increase monthly plans by $1 to $2 in their shareholder newsletter.

Crude oil prices extend losses

London - Oil prices extended losses Friday on poorly-received economic data out of China this week that has raised concerns over potential weaker crude demand from the world's biggest consumer of energy.

Crimea clouds oil market outlook: IEA

Paris - The global oil market is returning to a rough balance but Russia's annexation of Crimea has clouded the outlook with both supply and demand growth to slow, the International Energy Agency said Friday.

Oil market rises on resurgent Ukraine tensions

London - Global oil prices advanced on Tuesday on renewed Ukraine tensions after pro-Russian protesters seized government buildings in the eastern city of Donetsk.New York's West Texas Intermediate (WTI) for delivery in May won 77 cents to $101.21 per barrel.

Oil price 'fair' despite geopolitical factors: Kuwait

Al Kuwait - Kuwaiti Oil Minister Ali al-Omair said Monday that current oil prices are "fair" despite strong geopolitical factors impacting the region.OPEC member Kuwait is the world's fourth-largest oil exporter, pumping around 3.

Oil slides on prospect of rising Libyan crude supplies

London - Global oil prices sank Thursday on an expected return of Libyan supplies after a months-long disruption in exports, and following recent weak global economic data, analysts said.

Oil prices higher on U.S. optimism

London - Global oil prices rose on Friday as traders took their cue from upbeat U.S. economic indicators and concerns over supply disruptions in Nigeria. New York's main contract, West Texas Intermediate (WTI) for delivery in May, gained 51 cents to $101.

LME setback by ruling on aluminium stockpiling

London - The London Metal Exchange, the main global metals market, suffered a big setback on Thursday in attempts to reform its warehousing network when a court ruled in favour of objections by Russian firm Rusal.The dispute hinges on plentiful supply of alumin...

Oil prices steady before US data

London - Oil prices steadied on Wednesday, with supply disruptions in Libya and Nigeria offsetting expectations of a rise in US crude inventories, analysts said.
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Krispy Kreme Halloween Doughnuts.
Krispy Kreme Halloween Doughnuts.
Jim the Photographer / Wikimedia Commons