Economy: page 3

Singapore. Oil prices on Monday extended their decline from an early January peak above $70 as the specter of excess supplies loomed over the market after the spreading coronavirus outbreak hit demand in China, the world’s largest oil importer. Brent crude LCOc1 hit a low of $53. 63 a ...

Baku. Presently, relations between Azerbaijan and Kazakhstan can be described as mutually beneficial cooperation at the highest level, Kazakh Foreign Minister Mukhtar Tleuberdi told reporters in Baku after the Extraordinary Meeting of the Council of Foreign Ministers and the Cooperation Council ...

Ashgabat. ​President of Turkmenistan Gurbanguly Berdimuhamedov hosted the head of LUKOIL Vagit Alekperov today in Ashgabat. The parties exchanged views on the prospects for the development of the oil and gas industry in Turkmenistan. As Vagit Alekperov noted during the meeting, LUKOIL ...

Moscow. The concern Avtomatika (an affiliate of Rostec corporation) has supplied the first batch of mobile systems providing protection from unmanned aerial vehicles (UAVs) to Russian oil and gas companies, the concern’s press-service has said. "Some systems of identification of ...

Singapore. Oil prices climbed more than 1% on Wednesday, boosted by news that OPEC and its producer allies are weighing further output cuts to counter a potential squeeze on global oil demand resulting from China’s fast-spreading coronavirus. Brent crude oil futures LCOc1 were up 74 ...

Singapore. Oil prices extended their losses on Monday, dragged down by worries about lower demand in China, the world’s largest oil importer, following a coronavirus outbreak there. Brent and U. S. West Texas Intermediate (WTI) crude fell for a fourth week in a row last week after ...

Singapore. Oil prices jumped on Friday following sharp losses this week, as the World Health Organization (WHO) came out against travel and trade restrictions in declaring a global emergency over the spread of the coronavirus that originated in China last year. Oil prices had fallen nearly ...

Tokyo. Oil prices fell on Thursday as the death toll from the new virus in China climbed to 170 and more airlines canceled flights to the country’s major cities, while rising U. S. crude inventories added to the negative tone. Brent LCOc1 was down 35 cents, or 0. 6%, at $59. 46 a ...

Tokyo. Oil futures fell for a sixth session on Tuesday as the spread of a new virus in China and several countries raised concerns about a hit to economic growth and oil demand. Brent crude LCOc1 was down 37 cents, or 0. 6%, to $58. 95 at around 0348 GMT, after touching a three-month low ...

Singapore. Oil prices were steady on Friday, but on track for a fall of up to 5% for the week on growing concern that fuel demand will weaken as the spread of a respiratory virus from China that has killed 25 so far dents travel and darkens the economic outlook. Brent crude futures LCOc1 ...

Tokyo. Oil prices eased on Wednesday, extending declines as the International Energy Agency (IEA) forecast a market surplus in the first half, helping ease concerns about disruptions that have slashed Libya’s crude output. Brent crude LCOc1 was down 24 cents, or 0. 4%, at $64. 35 a ...

Singapore. Oil prices eased on Tuesday as investors appeared to shrug off earlier supply concerns following a force majeure declared by Libya on two major oilfields amid a military blockade. Brent crude LCOc1 was trading down 30 cents, or 0. 5%, at $64. 90 per barrel by 0318 GMT, after ...

Tokyo. Oil prices rose to their highest in more than week on Monday after two large crude production bases in Libya began shutting down amid a military blockade, setting the stage for crude flows from the OPEC member to be cut to a trickle. Brent crude LCOc1 futures were up by 74 cents, or ...

Singapore. Oil prices slipped on Wednesday on concerns that the pending Phase 1 trade deal between the United States and China, the world’s biggest crude users, may not lead to more fuel demand as the U. S. intends to keep tariffs on Chinese goods in place. U. S. Treasury Secretary ...

Moscow. LUKOIL Board of Directors held a meeting in Moscow today to summarize the Company's preliminary 2019 results and set priorities for 2020 under the Strategic Development Program for 2018 – 2027. It was noted at the meeting that the Company successfully accomplished the second ...

Seoul. Oil prices edged down on Monday as fears of conflict between the United States and Iran eased, although the decline was checked by the planned signing of an initial U. S. -China trade deal this week, which could boost demand. Brent crude LCOc1 was down 13 cents, or 0. 2%, at $64. ...

Tokyo. Oil prices dropped on Friday extending days of losses as the threat of war in the Middle East receded and investors switched attention to economic growth prospects and the rise in U. S. crude oil and product inventories. Brent crude LCOc1 fell 20 cents, or 0. 3%, at $65. 17 by 0240 ...

Tokyo. Oil prices climbed on Thursday after a rocket attack on Baghdad triggered fresh concern over the potential for conflict in the Middle East, a day after markets were roiled by an Iranian missile strike on Iraqi bases hosting U. S. forces. But gains were muted as Washington and Tehran ...