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Brent crude oil drops below $66 due to abundant supply

2014-12-10 01:00:00| Offshore Technology

The price of Brent crude oil dropped below $66 a barrel today amid signs of ample supply and an increase in US oil stocks.

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Oil Drops as Deeper OPEC Discounts Signal Fight for Market Share

2014-12-09 13:37:26| Oil & Gas - Topix.net

Brent and West Texas Intermediate fell to a five-year low as Iraq followed Saudi Arabia in cutting prices for crude sales to Asia, adding to signs that OPEC's biggest members are defending market share. Futures dropped as much as 1.4 percent in London to the weakest intraday price since September 2009.

Tags: share market oil fight

 
 

Oil Drops as Deeper OPEC Discounts Signal Fight for Market Share

2014-12-09 11:01:55| Energy - Topix.net

Brent and West Texas Intermediate fell to a five-year low as Iraq followed Saudi Arabia in cutting prices for crude sales to Asia, adding to signs that OPEC's biggest members are defending market share. Futures dropped as much as 1.4 percent in London to the weakest intraday price since September 2009.

Tags: share market oil fight

 

Alameda: City Council drops developers for portion of Alameda Point

2014-12-06 02:09:38| Real Estate - Topix.net

The City Council has opted to drop two developers that were in the running to build an 82-acre commercial development at Alameda Point after city officials said they would not commit to funding the project's infrastructure. Councilman Stewart Chen cast the lone no vote Tuesday, saying it is difficult to attract commercial developers and that city officials should continue talks with the Catellus Development Corp. and the Mission Bay Development Group.

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American Eagle 3Q profit drops

2014-12-05 06:05:35| Apparel - Topix.net

American Eagle Outfitters reported third-quarter net revenue of $854 million, down slightly from $857 million a year ago. Net income was $9 million, down from $24.9 million for the comparable 13 weeks in 2013, or 5 cents per share versus 13 cents.

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