The energy sector is the stock market’s dud so far in 2017 after a banner performance in 2016, and the rest of the year may also be rocky for investors due to the unclear path for crude oil prices. Energy outdid all other sectors last year, up nearly 24 percent thanks to a late-year rally … Read more
U. S. shale producers are facing their first production cost increase in five years in 2017 as industry activity picks up and energy service providers hike fees to take a bigger share of the profits generated by higher oil prices. Drilling innovations over the past decade have generated a dizzying reduction in the cost of … Read more
Oil prices slid on Wednesday to extend falls from the previous session, as a big increase in U. S. crude inventories and a slump in Chinese demand implied that global oil markets remain oversupplied despite OPEC-led efforts to cut output. International Brent crude futures LCOc1 were trading at $54.81 per barrel at 1257 GMT, down … Read more
The Asian Development Bank (ADB) and the People’s Republic of China (PRC) have been collaborating since 1986. Thirty years signifies maturity in China, and ADB is eager to develop further, our mature partnership with China. From 1978 to 2015, China not only achieved average annual growth of nearly 10%, but it also transformed its economy … Read more