newszine

Oil prices rise on lower U.S. stocks, OPEC+ supply cuts

22 hours ago DieselGasoil Comments Off on Oil prices rise on lower U.S. stocks, OPEC+ supply cuts
LONDON (Reuters) – Oil prices rose slightly on Thursday, boosted by a decline in U.S. inventories, ongoing supply cuts from OPEC and its allies, and U.S. sanctions on Venezuela and Iran. FILE PHOTO: An oil well pump jack is seen at an oil field supply yard near Denver, Colorado, U.S., February 2, 2015. REUTERS/Rick Wilking/File Read More

Oil prices slip, but supply cuts support

1 day ago DieselGasoil Comments Off on Oil prices slip, but supply cuts support
LONDON (Reuters) – Oil prices eased on Thursday, although a decline in U.S. inventories, ongoing supply cuts from OPEC and its allies, and U.S. sanctions on Venezuela and Iran all limited losses. FILE PHOTO: An oil well pump jack is seen at an oil field supply yard near Denver, Colorado, U.S., February 2, 2015. REUTERS/Rick Read More

Oil settles lower as U.S. inventories disappoint market

2 days ago DieselGasoil Comments Off on Oil settles lower as U.S. inventories disappoint market
NEW YORK (Reuters) – Crude prices declined slightly on Wednesday as U.S. government data showed inventories drew down less than an industry report had suggested on Tuesday. FILE PHOTO: An oil pump is seen operating in the Permian Basin near Midland, Texas, U.S. on May 3, 2017. REUTERS/Ernest Scheyder/File Photo Brent crude rallied to its Read More

Oil hits 2019 high above $72 on China growth, lower U.S. inventories

2 days ago DieselGasoil Comments Off on Oil hits 2019 high above $72 on China growth, lower U.S. inventories
LONDON (Reuters) – Brent oil hit a 2019 high above $72 a barrel on Wednesday, propelled by steady economic growth in China and a fall in U.S. crude stocks which defied expectations and signaled firm demand, while global supply remained tight. FILE PHOTO: An oil pump is seen operating in the Permian Basin near Midland, Read More

Asia comforted as China data hint at recovery

2 days ago DieselGasoil Comments Off on Asia comforted as China data hint at recovery
SYDNEY (Reuters) – Asian share markets pulled ahead on Wednesday as investors were relieved after a raft of Chinese data beat expectations in a sign Beijing’s policy stimulus may finally be gaining traction in the world’s second-largest economy. FILE PHOTO: A man walks past an electronic stock quotation board outside a brokerage in Tokyo, Japan, Read More

Asia relieved as China data point to recovery

2 days ago DieselGasoil Comments Off on Asia relieved as China data point to recovery
SYDNEY (Reuters) – Asian share markets swung higher on Wednesday as a raft of Chinese data easily beat expectations in a sign Beijing’s policy stimulus may finally be gaining traction in the world’s second-largest economy. FILE PHOTO: A man walks past an electronic stock quotation board outside a brokerage in Tokyo, Japan, November 13, 2018. Read More

Iranian parliament declares US Central Command a ‘terrorist organization’

2 days ago DieselGasoil Comments Off on Iranian parliament declares US Central Command a ‘terrorist organization’
The US Central Command (CENTCOM) has been designated as a “terrorist organization” by the Iranian parliament, in a mirror response to Washington’s blacklisting of Tehran’s Revolutionary Guard. All organizations, institutions and forces under CENTCOM command were acknowledged to be “terrorists” by the overwhelming majority of the Iranian MPs, who approved the contents of the bill, Read More

Asia holds breath for China data dump, NZ dollar slides

2 days ago DieselGasoil Comments Off on Asia holds breath for China data dump, NZ dollar slides
SYDNEY (Reuters) – Asian share markets got off to a guarded start on Wednesday as investors waited anxiously for a raft of Chinese data that might show policy stimulus is finally gaining traction in the world’s second-largest economy. FILE PHOTO: A man walks past an electronic stock quotation board outside a brokerage in Tokyo, Japan, Read More

Syria & Iran slam US ‘economic terrorism,’ urge diplomacy

2 days ago DieselGasoil Comments Off on Syria & Iran slam US ‘economic terrorism,’ urge diplomacy
Leaders of Syria and Iran accused the United States of “economic terrorism” for using sanctions, calling instead for more actual diplomacy from the West. Speaking at a meeting with Iranian Foreign Minister Javad Zarif in Damascus, Syrian President Bashar Assad said the United States should pursue diplomacy with countries it has disagreements with, instead of Read More

Stocks approach new highs but healthcare caps Wall Street gains

3 days ago DieselGasoil Comments Off on Stocks approach new highs but healthcare caps Wall Street gains
NEW YORK (Reuters) – Stocks around the globe rose on Tuesday to six-month highs as positive economic data in China and Germany boosted investor sentiment, though concerns about the impact of U.S. policy on the healthcare sector capped gains on Wall Street. Wall Street’s S&P 500 edged higher after upbeat quarterly reports from Johnson & Read More