Petrol set for largest quarterly price rise in 25 years
Petrol prices are on track for their largest three-month rise in nearly a quarter of a century. Figures from the Australian Institute for Petroleum, published by CommSec, show the pump price has risen 13.1 per cent so far in the June quarter. With the.
Australian dollar plunges as rate cut bets rise, commodity prices sink
The Australian dollar plunged again overnight, as falling commodity prices dragged it to a fresh five-and-a-half-year low. The local currency fell as low as 77.17 US cents, as a combination of strong US data boosting the greenback and falling commodity.
ShaleTech: Bakken/Three Forks
Bakken operators have cut back on drilling and completion activity in response to the severe drop in crude oil prices, but production decline from the light oil play is occurring at a much slower rate... Whiting Petroleum. One of the earliest movers.
Australian inflation plummets as the fiscal vandals.
The largest price rises for the quarter were for pharmaceutical products (+14.1 per cent), secondary education (+7.7 per cent), automotive fuel (+2.5 per cent), medical and hospital services (+2.1 per cent), tertiary education (+4.7 per cent) and rents. The latest Consumer Price Index from the Bureau of Statistics shows that Australias annual inflation rate fell sharply to 1.6 per cent, down from 3.1 per cent on the previous year.. Wednesday, April 25, 2012 at 11:16.
Petrol prices hit fresh four-year low
However, serious price rises also appear unlikely as Singapore gasoline fell back towards five-and-a-half-year lows, with a 7.1 per cent slide last week to $US65.30 a barrel. In Australian dollar terms, Singapore gasoline prices (the basis for most.
Catalpa Capital �� 26 April 2011
The further to the top right the cross is, the higher the medium and short term price hike the country has suffered: for wheat and therefore for bread.. Such healthcare related costs are typically funded as they are incurred by retirees, but just $31bn has been set aside to cover the liabilities. FT. The biggest percentage drop in quarterly revenue in three years, driven by lower lending and reduced fees, is damping investor appetite for shares of the six largest U.S. banks.
Yale Environment 360: Digest Archive
The first quarter of any given year typically sees the fewest solar installations because of winter weather, the group notes, but the period from January through March of this year saw a solid increase over last quarter ��� 11 percent ��� and a 76 percent. The Norwegian Parliaments decision comes on the heels of other fossil-fuel divestment steps taken by major groups and organizations, including the Church of England, the large French insurer Axa, and the Rockefeller Brothers Fund.
Subdued inflation figures give Reserve Bank scope to cut rates
In the March quarter automotive fuel prices dropped 12.2 per cent - the largest quarterly fall since the global financial crisis hit commodity prices in the December quarter of 2008. Fuel prices are down 22.5 per cent over the year to March 31 - the.
WTI Tumbles After Crude Inventories Rise For 11th Straight.
Following last nights bigger than expected 4.8 mm barrel API inventory build, DOE reports a huge 8.17mm barrel build (against expectations of a 4.91mm build) - the 11th consecutive week and longest streak on record. Cushing inventories rose for the 16th. Submitted by Tyler Durden on 03/25/2015 10:37 -0400.. But having read the article the other day about the flood of new North Dakota production set to kick in in June, I fear thats where the price is headed. Theres already a lot��.
Australias inflation rate falling on back of weak spending.
The significant price rises this quarter were for fruit (+14.7 per cent), new dwelling purchase by owner-occupiers (+1.1 per cent), property rates and charges (+6.3 per cent) and other services in respect of motor vehicles (+5.8 per cent).. The ABC Report quoted an observer as saying:. So, you can exclude ���a particular set of volatile items ��� namely fruit, vegetables and automotive fuel��� to get a better picture of the ���persistent inflation pressures in the economy���.
With gas prices rising, officials search for reasons and.
Over the last two years, the average American households motor fuel expenses are up 76 percent, according to a study by the Oil Price Information Service Missouri ranked 23rd highest among states in the percentage of household. the largest U.S. oil company -- announced first-quarter profits of $10.7 billion, an increase of 69 percent compared with the same period last year... BioGenerator sets open house to celebrate new digs for entrepreneurs-in-residence.
Perth rental vacancies rise as population growth falls, low interest rates.
Weve ended up with a far greater supply and much reduced demand and we just havent had the take-up yet. Mr Airey said he expected vacancy rates to increase during the traditionally quiet winter months. REIWA figures show the average weekly cost of .
Worley Parsons sheds more than 2000 jobs amid slumping commodity prices
It sacked 4,000 workers last financial year when many thought it was through the worst, only to be hit by an unexpected crash in energy prices. Energy majors have slashed costs and postponed drilling operations which has flowed through to Worley Parsons.
Auction frenzy as Sydney keeps leading Australian property prices higher
That is the second highest level in data going back nearly seven years, with the record set in September 2009 when the Federal Governments First Home Buyers Boost scheme was boosting demand. However, those figures from CoreLogic RP Data are. At.
Exuberant housing market poses delicate rates dilemma for.
But the ABS noted that while its measure of automotive fuel fell in the March quarter, in reality petrol prices across the country are now about 15% higher than they were on 1 January this year.. year. The next biggest increase was in Melbourne, where prices rose by 4.9%.. And while Brisbane and Perth saw new dwelling prices in the past four years rise faster than inflation, only in Sydney and Melbourne are those prices now rising faster than the 15-year average.
Home prices keep rising led by Sydney surge
The widely watched CoreLogic RP Data Home Value Index shows that prices jumped 3 per cent last month in Sydney, with a 5.8 per cent quarterly rise and near 14 per cent gain over the past year. Its an unexpectedly high rate of growth and Id.
Goldman Solves The Lack Of Cheap Gas Consumption.
However, the models also imply that only one-fourth to one-half of the eventual consumption impact should have been felt by Q1, suggesting plenty of remaining upside in coming quarters.. Goldman Solves The Lack Of Cheap Gas Consumption Puzzle - Spending Set To Rise. Just As Gas Prices Surge. Tyler Durdens picture. Submitted by Tyler Durden on 05/20/2015 08:11 -0400. Exhibit A: gas prices, year over year, in the largest US market: California. At this rate, the great��.
Australia ��� inflation benign and plenty of room for fiscal.
The headline inflation rate increased by 0.4 per cent in the March quarter translating into an annualised increase of 2.5 per cent for the year to March 2013 which is up from the December-quarter 2012 result of 2.2 per cent.. all CPI components in any period from lowest to highest, trimming away those that lie at the two outer edges of the distribution of price changes for that period, and then calculating an average inflation rate from the remaining set of price changes.
Coal industry set for shake-out after prices halve
We cant really see that changing too much over the next two to three years. Australian coal exports have fallen from a high of $46 billion in 2011, to $38 billion last calendar year. While volumes have been rising, the coal price has more than halved.
Perth house sales drop in March quarter as prices dip slightly
Perth housing sales dropped in the March quarter while the median house price dipped slightly, according to new data from the Real Estate Institute of Western Australia (REIWA). Analysis by REIWA shows sales turnover was down by 11 per cent compared .
The Oil Drum | Drumbeat: April 18, 2011
Azerbaijan declined to increase oil production above 55 million tons a year. Baku, Fineko/abc.az. Azerbaijan has revised the value of peak oil production in the country, which was previously estimated in 60 million tons a year. Khoshbakht Yusifzade, first... Halliburton Co., the worlds second-largest oilfield services provider, said first-quarter profit climbed as rising oil prices led to increased efforts to find oil and natural gas in North America. Sinopec Said to Seek $3.8��.
Buy a cake on the way to the airport ��� inflation continues to.
The headline inflation rate increased by 0.1 per cent in the March quarter translating into an annualised increase of 1.6 per cent for the year to March 2012 which is down from the December quarter 2011 result of 3.1 per cent.. CPI components in any period from lowest to highest, trimming away those that lie at the two outer edges of the distribution of price changes for that period, and then calculating an average inflation rate from the remaining set of price changes.
Australian inflation trending down ��� lower oil prices and.
The significant price rises this quarter were for domestic holiday travel and accommodation (+5.8 per cent), tobacco (+4.8 per cent) and new dwelling purchase by owner-occupiers (+1.1% per cent). The most. So, you can exclude ���a particular set of volatile items ��� namely fruit, vegetables and automotive fuel��� to get a better picture of the ���persistent inflation pressures in the economy���... Look out for my commentary on the ABC PM program tonight (Australian time).
Australia Post faces long wait for stamp price rise
Australia Post faces a snail-pace wait for an increase in the cost of a basic postage stamp, with the Australian Competition and Consumer Commission (ACCC) saying it could take between six and nine months to consider the proposal. Earlier this week .
Dungog residents count human, material cost of devastating NSW storms
Three people died in the town, north of Newcastle, on Tuesday morning when floods inundated homes and swept several off their footings. Those who returned to the affected areas on Wednesday were confronted with devastating scenes. Dungog resident .
July 2008 - SATC | Education | Article Content
Volatile stock markets and a lack of confidence in the banking system has boosted demand for gold coins from investors to levels not seen for 25 years, reports Telegraph. So far in 2008; gold is. 8) US HOME PRICES fell a record 16% from a year earlier in 20 major metropolitan areas, according to the SandP/Case-Shiller home-price index, with every region measured showing year-over-year drops for the second straight month, reports NYT. U.S. FORECLOSURE��.
Woolworths shares slammed as sales fall and 400 more jobs to go
Giant retailer Woolworths has reported a disappointing 2 per cent decline in sales for the third quarter, dragged down by tumbling petrol sales and its poorly performing Big W stores. In response to a run of poor sales results, the retailer has.
Home price growth continues, but not because of supply shortage, say analysts
. the past year that was only slightly ahead of consumer price inflation. Amongst the capitals, the largest market of Sydney was driving all the gains, with a 1 per cent rise last month, 5.4 per cent quarterly jump and 14.5 per cent annual increase.
Australia CPI data ��� benign inflation outcome | Bill Mitchell.
The lunchtime ABC News carried the headline ��� Food, petrol prices drive up inflation ��� which was more or less accurate. It was always predictable that food prices would rise sharply in the March quarter as a result of the��.
Australian inflation rate ��� or rather ��� the banana rate | Bill.
The largest price rises were fruit (+26.9 per cent), automotive fuel (+4.0 per cent), hospital and medical services (+3.4per cent), furniture (+6.0 per cent), deposit and loan facilities (+2.1 per cent) and rents (+1.1 per cent). The most largest price falls. The headline inflation rate increased by 0.9 per cent in the June quarter translating into an annualised increase of 3.6 per cent for the year to June which is up from the March quarter of 3.3 per cent. What does it mean for��.
Beginning of the End? Oil Companies Cut Back on Spending
Steve Kopits recently gave a presentation explaining our current predicament: the cost of oil extraction has been rising rapidly (10.9% per year) but oil prices have been flat. Major oil companies are finding. February 25, 2014 at 1:54 am. Another blistering article Gail. Peak Oil (the maximum rate of petroleum extraction is reached) is now set in stone. The projected total global decline in 2015-2020 is looking more and more accurate. The more vulnerable economies��.
Consumer confidence surges on rate cut, shares, petrol and politics: Westpac
The 21 per cent fall in average petrol prices over the last two months is the largest two month fall in prices since December 2008, noted Mr Evans in the report. Similarly, the 9.7 per cent rise in the share price index since the January survey is.