Economy

Singapore. Oil prices climbed higher on Monday, lifted by China’s plans to ship in large volumes of U. S. crude in August and September, outweighing concerns over a slowdown in demand recovery after the coronavirus pandemic and an uptick in supplies. Brent crude rose 21 cents, or 0. ...

Tokyo. Oil prices advanced on Friday and were heading for a second week of gains amid growing confidence that demand for fuel is starting to pick up despite the coronavirus pandemic that has slammed economies worldwide. Brent crude LCOc1 was up 14 cents, or 0. 3%, at $45. 10 by 0043 GMT, ...

Tokyo. Crude oil prices eased slightly on Thursday but held most of their gains from the previous session after U. S. government data showed a fall in inventories, supporting the view that fuel demand is returning despite the coronavirus pandemic. Brent crude LCOc1 was down 8 cents at $45. ...

Moscow. There are all reasons to believe that the Nord Stream 2 project will be implemented shortly. Russian Foreign Minister Sergey Lavrov said on Tuesday. "The participants of Nord Stream 2 company, including Russian, German and other participants, are set to finalize the ...

Tokyo. Oil prices moved higher on Wednesday after an industry report showed that U. S. inventories of crude fell more than analysts had expected, bolstering hopes that fuel demand in the world’s biggest economy can weather the coronavirus pandemic. Brent crude LCOc1 was up 15 cents, ...

Berlin. The German cabinet maintains contacts with companies exposed to US sanctions because of the construction of the Nord Stream 2 gas pipeline, official spokesperson of the German government Steffen Seibert said on Monday. "Our position on such exterritorial sanctions is ...

Singapore. Crude oil gained more ground on Tuesday, with prices underpinned by expectations of U. S. stimulus and a rebound in Asian demand as economies reopen. Brent crude LCOc1 added 7 cents, or 0. 2%, to $45. 06 a barrel, as of 0027 GMT. West Texas Intermediate U. S. crude CLc1 rose ...

Washington. Oil snapped a two-day shedding streak as Saudi Aramco predicted demand will proceed to enhance by means of the remainder of the yr, regardless of many areas internationally struggling to deliver the coronavirus underneath management. Crude consumption in Asia is nearly again to ...

Melbourne. Oil prices climbed on Monday, supported by Saudi optimism on Asian demand and an Iraqi pledge to deepen supply cuts, although uncertainty over a deal to shore up the U. S. economic recovery capped gains. U. S. West Texas Intermediate (WTI) crude CLc1 futures rose 50 cents, or ...

Melbourne. Oil prices slipped on Friday, adding to losses in the previous session, on worries that fuel demand growth will drop amid a resurgence of coronavirus cases and as talks have stalled in the United States on a new stimulus deal. U. S. West Texas Intermediate (WTI) crude CLc1 ...

Minsck. Russian companies confirmed requests for supplies of 1. 21 mln tonnes of crude oil to Belarus in August. Told reporters about this press secretary of Belneftekhim holding Alexander Tischenko. "Russian companies confirmed requests for supply of 1. 21 mln tonnes of oil to ...

Melbourne. Oil prices were unchanged on Thursday, struggling to hold onto five-month highs reached in the previous session, as fuel demand worries caused by a second wave of coronavirus infections outweighed declines in the U. S. dollar. U. S. West Texas Intermediate (WTI) crude CLc1 ...

Tokyo. Oil prices fell for the first time in four days on Wednesday, pulling back from as much as five-month highs as mounting coronavirus cases worldwide and in the United States undercut market confidence in a pickup in fuel demand. Brent crude was down 16 cents, or 0. 4%, at $44. 27 a ...

London. Plc cut its dividend for the first time in a decade, removing a cornerstone of its investment case after the coronavirus pandemic upended almost every aspect of its business. The move was largely expected after European peer Royal Dutch Shell (LON:RDSa) Plc slashed its own dividend ...

Melbourne. Oil prices fell in early trade on Tuesday on concerns about fuel demand growth as a fresh wave of COVID-19 infections around the world sparks tighter lockdowns just as major producers ramp up output. U. S. West Texas Intermediate (WTI) crude futures fell 22 cents, or 0. 5% to ...

Moscow. Russia’s oil exports stood at 17. 22 million tonnes in July 2020, or down by 25. 2% on the previous year, as follows from a report of the Central Dispatching Department of Fuel Energy Complex released on Sunday. Since the year beginning, oil exports went down by 8. 8%, to ...

Tokyo. Oil prices fell on Monday on oversupply concerns as OPEC and its allies wind back production cuts in August and a rise in worldwide COVID-19 cases points to a slower pick-up in fuel demand. Brent crude futures slid 26 cents, or 0. 6%, to $43. 26 a barrel by 0253 GMT. U. S. West ...

Tokyo. Oil prices recovered further ground on Friday, after touching three-week lows in the previous session, responding to a record decline in U. S. growth as the coronavirus ravaged the world’s biggest economy and oil consumer. Brent crude was up by 14 cents, or 0. 3%, at $43. 08 ...