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Tag: price

Russian oil producer Rosneft offers oil price range

Russian oil producer Rosneft offers oil price range

Business
July 23 (UPI) -- The head of Russian oil company Rosneft said that, from his view, the price for Brent crude oil will likely stay below $ 80 per barrel for the rest of the year. The price for Brent crude oil, the global benchmark, hit its high mark for the year so far on May 22 when it closed at $ 80.42 per barrel. The run to $ 80, a multi-year high, was triggered in part by the U.S. decision to leave a multilateral nuclear agreement that allows Iranian oil to flow through the global market. Brent was trading near $ 74 per barrel early Monday EDT. Igor Sechin, the chief executive officer at Russian oil company Rosneft, said Sunday his company's budget is based on $ 63 per barrel. "I think oil prices will stay within this range: from $ 75 to maximum $ 80 per barrel," he was quoted as sayi...
Tesla to be 'reorganised' as share price falls

Tesla to be 'reorganised' as share price falls

Technology
Tesla's chief executive Elon Musk has told staff the firm is undergoing a "thorough reorganisation" after two of its cars were involved in crashes last week. The tech billionaire's email to employees also comes amid production problems and senior staff departures, with shares falling 2.1% to $ 297 on Monday.Mr Musk said the restructuring plans involve "flattening the management structure to improve communication", as well as trimming activities "not vital to the success of our mission".Tesla confirmed the contents of the email after they were reported by the Wall Street Journal.Mr Musk is trying to fix production headaches that have slowed the roll-out of its Model 3, a mid-market car seen as key to the company's success.The chief executive said in his email that Tesla will...
One million hit by 5.3% npower bill price hike

One million hit by 5.3% npower bill price hike

Business
Big Six energy supplier npower is to increase standard variable energy tariffs by 5.3% in a hike affecting around a million customers. The company, owned by Germany's Innogy, blamed rising wholesale energy prices and the costs of implementing Government policy as it announced the hike, which will come into effect on 17 June.Npower said that more than 60% of its customers - such as those on fixed tariffs or using prepayment meters - would not be affected by the change.It follows a series of hikes announced by Big Six rivals British Gas, EDF and Scottish Power and the scrapping of a customer discount by E.On that will also effectively mean higher bills.SSE is the only one yet to reveal any increase.The npower hike will see a typical dual fuel gas and electricity annual bill r...
'I could destroy him in seconds' Katie Price shock rant on Alex Reid unearthed

'I could destroy him in seconds' Katie Price shock rant on Alex Reid unearthed

Entertainment
INSTAGRAMTV REGULAR: Audio claiming to be of Katie has appeared online In a newly-unearthed audio clip, a women who The Sun claim is Katie, can be heard telling a reporter how she will 'screw Alex up' unless he shuts up.The female can also be heard saying: "He doesn't like the fact I said I could destroy him in seconds and I literally could... if you know what I mean."I think Alex Reid better shut up. Don’t you?"The woman continued to the publication: "He must be obsessed with me. I feel sorry for his girlfriend.Katie Price in pictures British television personality and glamour model, Katie Price in pictures. INSTAGRAMEX: Alex Reid was Katie's second husband “He doesn't like the fact I said I could destroy him in seconds and I literally could” New Audio"He must be
Boeing Q4 Earnings: Stock Price Soars On Bullish 2018 Outlook

Boeing Q4 Earnings: Stock Price Soars On Bullish 2018 Outlook

Finance
Shutterstock photoThe stellar earnings, this time around, proves that the slump that plagued Boeing ( BA ) through most of FY 2016 and FY 2017 has finally reversed. The company posted an adjusted EPS of about $ 4.80 buoyed by the tax cut, representing a near 94% increase year over year. Additionally, the airplane manufacturer managed to post revenues to tune of $ 25.37 billion, up by almost 9% year over year. Revenues were spurred on by a significant improvement in commercial and defense revenues. As of writing this article, Boeing's stock price is up close to 5%.The graphs below were made using Trefis Dashboards.Additionally, the company has gone on to give a very bullish outlook for 2018. For the full year, it expects earnings to rise to the range of $ 13.80-$ 14, while r...