The Reserve Bank of New Zealand (RBNZ) left the Official Cash Rate (OCR) unchanged at 2.25% following the latest policy meeting. This was in line with the consensus forecast, but a minority of banks had called for a rate cut and the New Zealand dollar moved sharply higher. Policy decisions will become even tougher for […]
Investing in Crude Oil – Good Idea?
With oil prices highly volatile, many are trying to find an angle to profit from the black gold’s ups and downs. While buy low and sell high remain true maxims, there may be other ways one can win in the oil market. With the number of financial instruments available to traders, there is always a […]
Chinese CNPC and Sinopec Specify Plans of Oilfields Development in Iran
CNPC and Sinopec will take part in phase 2 development of Iranian oilfields of North Azadegan and Yadavaran, as commented Iran’s Oil Minister Bijan Zangeneh on Monday, May 16. The plan of oilfields development has been approved by the Chinese companies in frames of an initial agreement with Iran. The North Azadegan field, which is […]