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Business News > Mint Authors > Ben Sharples

Ben Sharples

ARTICLES BY BEN SHARPLES

Deals to build ports and rails signalled early promise, but the projects became embroiled in legal challenges and financing setbacks. Photo: AFP

India’s outback coal bets sour as global prices recover

2 min read . 01 Mar 2018

The rally in oil prices shows that Opec and its allies are succeeding in clearing the glut triggered by the growth of US shale oil. Photo: Bloomberg

Oil prices reach $70 a barrel for first time in three years

1 min read . 11 Jan 2018

The Saudi Arabia purge that brings crown prince Mohammed bin Salman closer than ever to power signals his nation will persist with a strategy he’s backed. Photo: AFP

US shale oil trumps risk of supply shock after Saudi Arabia purge

2 min read . 06 Nov 2017

Brent for December settlement dropped 21 cents, or 0.4%, to $55.79 a barrel on the London-based ICE Futures Europe exchange. File photo: Reuters (Reuters)

Oil slides near $50 on signs US fuel stockpiles increased

1 min read . 04 Oct 2017

Harvey crossed the Gulf Coast near the Texas-Louisiana border and has shuttered about 23% of US refining capacity. Photo: AFP

Gasoline in best run since 2013 while oil holds as Harvey hits

1 min read . 31 Aug 2017

Several other countries, including Kuwait, have also expressed public support for an extension to oil supply curbs. Industry data was said to show US crude supplies fell last week. Photo: Reuters

Oil prices in biggest rally since December as Saudi Arabia seen backing curbs

2 min read . 12 Apr 2017

Five producers from Opec joined with non-member Oman on Sunday to voice support for an extension, giving a push to the crude oil prices. Photo: AFP

Oil prices head for biggest weekly gain in 2017 with eyes on Opec deal

2 min read . 31 Mar 2017

Brent for April settlement traded 6 cents lower at $56.64 a barrel on the London-based ICE Futures Europe exchange. Photo: AFP

Oil prices hold gains near $54 as IEA sees record Opec-cut compliance

1 min read . 13 Feb 2017

Brent for March settlement climbed $1.33 to $58.15 on the London-based ICE Futures Europe exchange, trading at a $2.22 premium to WTI for the same month. Photo: Reuters

Oil climbs to 18-month high as Kuwait and Oman fulfill Opec cuts

1 min read . 03 Jan 2017

Oil has gained almost 20% since Opec announced on 30 November it will cut production for the first time in eight years. Photo: Reuters

Oil surges as Saudis eye deeper cuts while non-Opec countries join deal

3 min read . 12 Dec 2016

Even if the fear of slumping oil prices prompts Opec to hammer out an accord, the probability of the deal successfully reducing inventories is low. Photo: Reuters

Goldman sees oil in low $40s if Opec deal comes to a cropper

1 min read . 01 Nov 2016

Photo courtesy: Bloomberg

Oil declines after biggest two-day advance in more than a month

1 min read . 05 Aug 2016

Oil has tumbled more than 20% from its June peak, meeting the common definition of a bear market and ending a recovery that saw prices almost double from a 12-year low in February. Photo: Bloomberg

Oil halts slide below $40 as US crude stockpiles seen easing

1 min read . 03 Aug 2016

Oil has surged almost 90% since slumping to a 12-year low in February on signs the worldwide surplus is easing amid declining production from the US to Nigeria. Photo: Bloomberg

Oil trades near $50 as US drilling slows before Opec meeting

1 min read . 30 May 2016

Oil has rebounded after falling to the lowest in more than 12 years amid signs a global glut will ease as US production declines. Photo: Bloomberg

Oil extends losses as US stock piles rise before freeze meeting

1 min read . 15 Apr 2016

Inventories expanded for a seventh week to 534.8 million barrels, according to a report from the Energy Information Administration. Photo: AFP

Oil declines as rising US crude stockpiles expand global glut

2 min read . 31 Mar 2016

Oil is still down 16% this year after the Organization of Petroleum Exporting Countries effectively abandoned output targets in early December and as US crude inventories swelled to the highest level since 1930. Photo: Bloomberg

Oil extends gain as Iran backs output freeze without vowing cuts

1 min read . 18 Feb 2016

Khalid al-Falih, the chairman of Saudi Aramco, addresses the 10th Global Competitiveness Forum on 25 January, 2016, in Riyadh. Photo: AFP

Oil declines after Saudi Aramco says it’s sustaining investments

2 min read . 25 Jan 2016

Photo: Getty Images

India may increase coal imports after 2020: Report

1 min read . 13 Jan 2016

WTI for February delivery lost as much as $1.35 to $34.62 a barrel on the New York Mercantile Exchange, before trading at $34.79. Photo: AFP

Brent crude drops below $35 before US releases stockpile data

2 min read . 06 Jan 2016