![OCR rise melts away into distant future](/pf/resources/images/placeholders/placeholder_l.png?d=793)
OCR rise melts away into distant future
The prospect of further rises in the Reserve Bank's official cash rate has disappeared over the horizon.
The prospect of further rises in the Reserve Bank's official cash rate has disappeared over the horizon.
The New Zealand Superannuation Fund says it remains comfortable with its investment in the US oil and gas industry.
Oil bulls finally caught a break as prices capped their first weekly advance since November.
Oil advanced after the International Energy Agency lowered forecasts for supplies from outside Opec and an industry report showed US companies had reduced drilling activity.
Oil prices have fallen dramatically. But it could take months for falling fuel prices - which feed into economic activity - to benefit consumers.
The price of petrol keeps plunging but the savings are yet to ignite discounts for consumers elsewhere in the economy.
Plunging oil prices have forced explorers to scale back plans in New Zealand, some have had to restructure and there could be a sharp decline in capital spending in a sector the Government has backed....
Petrol prices have fallen again today, with 91 Octane up to four cents cheaper at major retailers than it was yesterday.
Australia's coal seam gas extraction industry is set for a bumper year in 2015, but the petroleum exploration sector isn't.
It has become standard for tough questions to be asked of oil companies when the price of petrol rises or falls dramatically.
Exceptionally low oil prices have thrown world financial markets a curve ball by driving bond yields sharply lower and undermining share prices.
Kiwis should have more disposable cash as petrol prices fall around the country, but consumer groups say the amount we fork out at the pumps should be lower still.
In dramatic terms 2014 ended with several big business and economic stories on cliff- hangers.
Liam Dann writes: 2014 doesn't look like letting go early. In fact, like a good TV drama, it looks set to end on a cliff-hanger.
Petrol prices dropped for the 12th successive time this week and even better news appears to lie ahead for holiday motorists.
Russia's ruble was tanking on Tuesday faster than journalists could type, hitting levels against the dollar that were unimaginable even a week ago.
The sharp fall in oil prices is set to continue benefiting consumers but could delay exploration projects around New Zealand.
The sharp decline in oil and dairy prices could have a huge impact on the domestic economy as the former is our largest import item and the latter our biggest export earner.
Activists say they shut the Wellington offices of an oil company this morning to protest deep sea oil exploration.
Most of $8 million the Government is putting into mineral and oil and gas geotechnical studies will be spent on aerial aeromagnetic surveys.
BP and Z are both claiming to have led the market in reducing their national price for 91-octane petrol to a smidgeon below $2 a litre this morning.
Russia's economic crisis deepened as the Govt acknowledged it's heading for recession and "panic" crept into the financial system as oil prices plunged.
Z Energy is the latest company to jump on the big data trend, doing a deal with analytics company 11 Ants Analytics to help the service station firm better understand customer preferences and buying....
Billionaire wildcatter Harold Hamm, a founding father of the United States shale oil boom whose fortune has fallen by more than half in the past three months, says US drilling will slow as producers....
The world is in the grip of a new oil shock. The shock is that prices are collapsing. Liam Dann explains what it means for the NZ economy.
Falling oil prices have been one of the biggest stories in financial circles over recent weeks.