jacob gronholt-pedersen

Jacob Gronholt-Pedersen

Global economy not at risk of recession despite China weakness: Goldman Sachs

by Jacob Gronholt-Pedersen |Aug 25, 2015

"The drop in commodity prices during the past year and recent economic and foreign exchange weakness in China and other emerging markets will not tip the global economy into recession," analysts a...

Photo: Reuters

US oil falls longest in 29 years after China data

by Jacob Gronholt-Pedersen |Aug 21, 2015

Key oil benchmarks were trading near 6-1/2 year lows, with the US benchmark headed for its eighth straight weekly decline, the longest weekly losing streak since 1986.

Oil prices fall near six-year lows as Japan contracts

by Jacob Gronholt-Pedersen |Aug 17, 2015

Japan's economy, the second biggest in Asia and No. 3 in the world, shrank in the second quarter from a year earlier, adding to fears that slowdowns in Asia's biggest economies will weigh on oil d...

(Photo: Reuters)

Oil jumps more than USD 1 after Saudi Arabia raises prices to Asia

by Jacob Gronholt-Pedersen |Apr 6, 2015

International benchmark Brent regained ground after tumbling 5 per cent on Thursday, when a preliminary nuclear deal was finally reached between world powers and Iran.

Oil prices slide as Iran talks extend beyond deadline (Photo: Reuters)

Oil Update: Prices edge lower as Iran talks extend beyond Tuesday deadline

by Jacob Gronholt-Pedersen |Apr 1, 2015

Talks between Iran and six world powers to settle a dispute around Tehran's nuclear programme extended beyond a Tuesday deadline.

PIRA Energy forecasts global oil demand to grow by 1.5 million barrels per day in 2015. (Photo: Reuters)

Oil prices fall after four-day gains on renewed global demand concerns

by Jacob Gronholt-Pedersen |Feb 4, 2015

Estimates by industry group American Petroleum Institute that US crude stockpiles rose over 6 million barrels last week helped drive oil prices lower on Wednesday.

Photo for representation purposes only. (Source: Reuters)

Brent crude prices steady at US $60, head for 4th weekly decline

by Jacob Gronholt-Pedersen |Dec 19, 2014

Oil companies have been announcing cuts in exploration and capital spending as the slump in crude prices makes projects uneconomical.

Photo: Reuters

Oil jumps 3 per cent to $63 as energy firms slash investments

by Jacob Gronholt-Pedersen |Dec 18, 2014

Brent this week dipped to its lowest since May 2009 at $58.50 a barrel due to rising production in US, weak economic growth and OPEC members' decision not to cut output.

Photo: Reuters

Oil, coal and iron ore at financial crisis levels

by Jacob Gronholt-Pedersen |Dec 15, 2014

The raw materials are among the most sensitive to economic health, with oil and coal the world's two most important energy sources and iron ore used to make steel.

Photo for representation purposes only. (Source: Reuters)

OPEC expects lower oil demand in 2015 as oil prices slump

by Jacob Gronholt-Pedersen |Nov 13, 2014

In 2015, global oil demand from OPEC will drop to 29.20 million barrels per day (bpd), almost 1 million bpd less than its current production, the cartel said in its monthly report.