Tag: commodity pricing

Increased power prices to lessen inefficient use of energy: KAPSARC | Saudi Gazette

Increased power prices to lessen inefficient use of energy: KAPSARC | Saudi Gazette

JEDDAH — The King Abdullah Petroleum Studies and Research Center (KAPSARC) has published a research paper titled “Reforming Industrial Fuel and Residential Electricity Prices” and found that the energy system could benefit by $12 billion per year, largely due to households using less electricity in response to increased prices – for example, from 144 TWh […]

China plans to destabilize the US Dollar by pricing oil in Yuan | The Camping Canuck

China plans to destabilize the US Dollar by pricing oil in Yuan | The Camping Canuck

The world’s biggest importer of crude oil and other energy related products, China has reportedly decided to undertake a major step to challenge the dominance of the dollar in the global market. The country, as per sources, will begin by introducing a new pricing strategy in the oil sector and hopes that the growing adoption […]

Can oil prices go above $60? U.S. shale output a pivotal factor | USA Today

Can oil prices go above $60? U.S. shale output a pivotal factor | USA Today

Oil prices flirted with $60 per barrel a few weeks ago, but stopped short of that key psychological threshold and quickly retreated. What will it take to break above $60? Brent hit $59.77 per barrel on Sept. 26, but was back to $55 per barrel a few days later. There are many reasons why oil […]

China challenging U.S. dollar by pricing oil in yuan | Digital Journal

China challenging U.S. dollar by pricing oil in yuan | Digital Journal

As a result of the U.S. dollar being used to price and trade oil there is a huge demand for U.S. dollars, giving the U.S. great economic and strategic power. China is reported to be setting up a futures market using its own yuan currency and also will introduce an oil benchmark priced in yuan […]

Petro-yuan: China wants to dethrone dollar, RMB-denominated oil contracts | CNBC

Petro-yuan: China wants to dethrone dollar, RMB-denominated oil contracts | CNBC

China is looking to make a major move against the dollar’s global dominance, and it may come as early as this year. The new strategy is to enlist the energy markets’ help: Beijing may introduce a new way to price oil in coming months — but unlike the contracts based on the U.S. dollar that […]

Using oil revenues to diversify the economy | The Worldfolio

Using oil revenues to diversify the economy | The Worldfolio

An interview with Yang Berhormat Pehin Datu Singamanteri Colonel (Retired) Dato Seri Setia (Dr.) Awang Haji Mohammad Yasmin bin Haji Umar, Minister of Energy and Industry at the Prime Minister’s Office in Brunei You recently signed a nine-month extension to the voluntary oil production adjustment with OPEC and non-OPEC members in a bid to stabilize […]

FTSE 100 movers: Miners rally as copper prices surge; Convatec crumbles on warning | Digitallook.com

FTSE 100 movers: Miners rally as copper prices surge; Convatec crumbles on warning | Digitallook.com

Heavily-weighted mining stocks racked up the strongest gains as copper prices hit a fresh three-year high after China’s consumer price index jumped 1.6% in September from the year before, in line with expectations. Meanwhile, the producer price index was up 6.9% last month from a year ago, beating expectations Broadcaster ITV was on the front […]

SBP advocate rise in water tariff to help build reservoirs, avoid water shortages | Dunya News

SBP advocate rise in water tariff to help build reservoirs, avoid water shortages | Dunya News

KARACHI (Dunya News) – The State Bank of Pakistan strongly criticized the water pricing system in the country and asked for due attention as lower tariff rates has been one of the biggest which dampened the government exchequer of not collecting the enough funds for construction of any reservoirs. The State Bank of Pakistan released […]

Pioneer CEO: Current oil price is what ‘we have to live within’ | Midland Reporter-Telegram

Pioneer CEO: Current oil price is what ‘we have to live within’ | Midland Reporter-Telegram

For those oil and gas operators awaiting higher oil prices, Tim Dove has a message: Stop waiting. “There is no more bust — this is the oil price,” said Dove, president and chief executive officer of Pioneer Natural Resources. He spoke as he awaited a reception honoring Pioneer hosted by the Midland Wildcat Committee Wednesday […]

Oil Imports: India Gears Up To Play Hardball With Suppliers Over Pricing | Swarajya

Oil Imports: India Gears Up To Play Hardball With Suppliers Over Pricing | Swarajya

After telling Organization of the Petroleum Exporting Countries (OPEC) members on Sunday that India has other options to buy oil at competitive prices, New Delhi is set to play hardball with its traditional suppliers from the Middle East on pricing. India is reworking its import strategy by stepping up the share of short-term contracts to […]