Business

Oil boost to global economy

Goldman earlier this week raised its forecast for West Texas Intermediate crude prices in the first quarter to $US55 a ...

Forget the stagflation of the 1970s. Higher oil prices would be a boon for the global economy so says Goldman Sachs.

Oil dips on OPEC cut doubts

Calendar spreads, the difference in price between one month and the next in the futures market, showed little signs that ...

​Oil prices fell amid doubts that OPEC will agree to a big enough output cut to make a significant dent in the global glut.

Glencore seeks $550m to raise stakes in Kurdish oil game

Glencore is seeking to raise $550 million from investors.

Glencore is seeking to raise $550 million from investors via a debt issue guaranteed by oil from Iraqi Kurdistan in an attempt to secure a big slice of the high-risk – and high-reward – market in a region at war with Islamic State.

Incitec Pivot to cut debt as Louisiana ramps up

Incitec Pivot expects recent rainfall to lift fertiliser demand

After spending $2 billion on big new projects in Australia and the US, investors in fertilizer to explosives group Incitec Pivot may have to wait a little longer to benefit, with the focus for now on reducing debt. At the same time, the group is cool towards the uptick being seen in commodity prices, 

Wheatstone cost tops $US34 billion amid construction difficulties

The cost of Chevron's Wheatstone natural gas project in WA has blown out.

Chevron has confirmed a significant cost blow out at the massive Wheatstone gas export project off western Australia as partners in one of Queensland's projects, APLNG,  has confirmed it may not reach full capacity for another six months due to gas supply constraints.