Tag: Oil

Asian shares faced a third day of losses on Thursday after a shocking rise in U.S. inflation bludgeoned Wall Street and sent bond yields surging on worries the Federal Reserve might have to move early on tightening.”Higher inflation is a definite negative for equities, given the likely rates response,” said Deutsche Bank macro strategist Alan…

Strong domestic demand will keep U.S. stockpiles of corn and soybeans near seven-year lows even after farmers harvest the crops they are currently seeding, the government said on Wednesday.

© Reuters. FILE PHOTO: Federal Reserve Vice Chair Richard Clarida reacts as he holds his phone during the three-day “Challenges for Monetary Policy” conference in Jackson Hole, Wyoming, U.S., August 23, 2019. REUTERS/Jonathan Crosby/File Photo By Howard Schneider and Ann Saphir WASHINGTON (Reuters) – It will be “some time” before the U.S. economy is healed…

* Graphic: World FX rates http://tmsnrt.rs/2egbfVh * Graphic: Foreign flows into Asian stocks https://tmsnrt.rs/3f2vwbA * Taiwan stocks mark worst session since March 19, 2020 * Taiwan finmin steps in to calm equity markets * Philippine c.bank keeps rates at …

Progress in vaccinating the world against COVID-19 means the world’s economic recovery and demand for oil will outpace the output of top producers, the International Energy Agency (IEA) said on Wednesday”The anticipated supply growth through the rest of this year comes nowhere close to matching our forecast for significantly stronger demand beyond the second quarter,”…

A majority of shareholders at U.S. oil and gas producer ConocoPhillips (COP.N) on Tuesday voted in favor of setting emissions reduction targets that include the use of the company’s fuels.Few U.S. producers have set so-called Scope 3 targets, which take into account greenhouse gas emissions from customers using the fuel they have purchased, although their…

China launched into orbit last month the first piece of a permanent space station using its most powerful rocket, but international focus has fallen instead on the re-entry of debris which critics say has been shrouded in secrecy.WHAT HAPPENED?The Long March 5B rocket successfully delivered its payload into orbit on April 29, in the first…

BP said on Monday it will remain a member of the American Petroleum Institute (API) after the largest U.S. oil and gas trade lobby group addressed some differences with the British energy company over climate change.BP (BP.L), which plans to sharply cut its oil output and boost its renewable energy capacity over the next decade,…

India’s daily rise in coronavirus cases retreated from the 400,000 mark on Monday, while its daily rise in deaths also fell after two straight days of more than 4,000 fatalities.

Crude prices rose on Monday after a major cyberattack forced the shutdown of critical fuel supply pipelines in the United States and highlighted the fragility of its oil infrastructure.Brent crude was up by 38 cents, or 0.6%, at $68.66 a barrel by 0443 GMT, having risen by l.5% last week. U.S. West Texas Intermediate futures…