Currently, there is an oversupply of oil in the market owing to the hydraulic fracturing techniques used by the shale oil producers in the US and the Organization of Petroleum Exporting Countries November 27 decision to not cut back on its ... 4 Traders, 1 month ago
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Oil prices, which have come off sharply in the past few months, recently bounced a bit to around $61 a barrel (Brent crude). However, leading brokerages believe prices are going to rise by December 2016, though they could see some fall from current levels by the end of the current calendar year. Bloomberg says the 2015 average crude oil target price of 10 leading global brokerages polled recently is $58.8 a barrel, four per cent lower than Wednesday’s $61. This is likely to rise to $74.6 ...Rediff.com, 1 month ago
US investors received the majority of the notes at 44 per cent, while Asia took 31 per cent while the remainder went to European buyers. Reliance Industries has raised $1 billion in debt through a 10 year bond issue at an interest rates considered lowest in Asia and with almost no new-issue premium. "The Notes will be denominated in US dollars, and will bear fixed interest of 4.125 per cent per annum, with interest payable semi-annually in arrears," RIL said, adding the funds will be utilised ...Rediff.com, 2 months ago
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