• 4 minutes What will the future hold for nations dependent on high oil prices.
  • 7 minutes Paris Is Burning Over Climate Change Taxes -- Is America Next?
  • 12 minutes OPEC Cuts Deep to Save Cartel
  • 15 minutes Venezuela continues to sink in misery
  • 14 hours End of EV Subsidies?
  • 29 mins Could Tesla Buy GM?
  • 13 hours Maersk's COO statment.
  • 4 hours Permian Suicide
  • 9 hours GOODBYE FOREIGN OIL DEPENDENCE!!
  • 16 hours Oil prices may go up, but will be below $70 a barrel in FY19: Hindustan Petroleum Chairman
  • 9 hours Asian stocks down
  • 3 hours USGS Announces Largest Continuous Oil Assessment in Texas and New Mexico
  • 17 hours Regular Gas dropped to $2.21 per gallon today
  • 15 hours Japan Effectively Bans China’s Huawei, ZTE From Government Contracts, Joining U.S
  • 8 hours IT IS FINISHED. OPEC Victorious
  • 10 hours Price Decline in Chinese Solar Panels
Alt Text

Is This The Next Big Petrochemical Hub In The U.S.?

The next major petrochemical hub…

Alt Text

OPEC Surprises Markets With Last Minute Deal

Oil markets appeared to have…

ZeroHedge

ZeroHedge

The leading economics blog online covering financial issues, geopolitics and trading.

More Info

Trending Discussions

Middle-East Markets See Extremely Bad Start Of The Year

Broad Middle-East and African stock markets crashed over 5%, erasing any gains back to November 2008 as the carnage from last week continues. From Kuwait (-4.3%) to Qatar (-8%) it was a bloodbath as Saudi Arabia Tadawul Index plunged 5.4% - the most since Black Monday (now down over 50% from their 2014 highs). These losses are far in excess of U.S. 'catch-up' moves and suggest a dark cloud over Asia this evening.

It's been a bloodbath in the Middle-East since the year began...

Africa/Middle-East Stocks crashed 5%... Related: EIA Forecasts Miss the Mark, But Do Better Than Most

Saudi Arabia's Tadawul Index is down 5.4% on the day - the worst since August's collapse and has lost over 50% since its exuberant peak in 2014...

Kuwait down over 4% to 2009 lows... Related: Oil Sinks Below $30 As Traders Fear Tidal Wave Of Iranian Oil

But Qatar was carnaged... (down over 8%)

Makes you wonder where all that hot-money from The Fed flowed eh?

By Zerohedge

More Top Reads From Oilprice.com:

 




Back to homepage

Trending Discussions


Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News
-->