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Vladimir Putin’s bubble bursts
Sun, Dec 21 2014. 08 06 PM

Vladimir Putin’s bubble bursts

The global plunge in oil prices and the falling ruble have wreaked havoc on the Russian economy. It’s been quite a comedown for the strongman
The year of living with past fears
Sun, Dec 21 2014. 08 03 PM

The year of living with past fears

The rise of Islamic State, fall in oil prices and the inability to curtail the Ebola outbreak revealed how ill prepared nations are to deal with them
Saudi oil minister says prices will stimulate demand, confident market will recover
Sun, Dec 21 2014. 06 12 PM

Saudi oil minister says prices will stimulate demand, confident market will recover

Ali al-Naimi says current oil prices will help global economic growth
Oil ministry says $5.6 bn production loss at Panna/Mukta, Tapti fields
Sun, Dec 21 2014. 03 01 PM

Oil ministry says $5.6 bn production loss at Panna/Mukta, Tapti fields

Ministry accuses BG Group, its partners Reliance Industries and ONGC of not completing work programme, which resulted in production loss
US seeks BP fine of up to $18 billion for oil spill
Sat, Dec 20 2014. 11 14 PM

US seeks BP fine of up to $18 billion for oil spill

BP says fine would be the biggest Clean Water Act penalty ever, calls it a ‘gross outlier’ compared with other cases
Oil surges 5% as bears take profits, seeing $60 floor
Sat, Dec 20 2014. 02 21 PM

Oil surges 5% as bears take profits, seeing $60 floor

On average this month, the US crude contract has settled at nearly $1.80 below the day’s peak
How Russia’s rouble trouble is affecting football
Sat, Dec 20 2014. 01 54 PM

How Russia’s rouble trouble is affecting football

Russia has been hit hard by a combination of factors including falling oil prices, trade sanctions imposed by the West over the Ukrainian conflict
Asian stocks extend bounce on Wall Street, Fed cheer
Fri, Dec 19 2014. 10 11 AM

Asian stocks extend bounce on Wall Street, Fed cheer

The gains came even as oil stayed under pressure, suggesting equity investors were beginning to see the positives in lower fuel costs
US stocks up more than 1% for 2nd day, tech leads
Fri, Dec 19 2014. 01 37 AM

US stocks up more than 1% for 2nd day, tech leads

Dow Jones rises 1.66%, S&P 500 gains 1.59%, Nasdaq adds 1.75%
Sundarbans oil spill: Lessons to be learnt
Fri, Dec 19 2014. 12 24 AM

Sundarbans oil spill: Lessons to be learnt

By denying that the oil would create a problem, crucial time was lost in containing the problem, now on its way to becoming an environmental tragedy

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