Tag Archives: Channelnewsasia

Oil futures edged higher on Monday, extending gains on expectations of OPEC+ deepening supply cuts to shore up prices, which have fallen for four weeks on easing concern of Middle East supply disruption amid the Israel-Hamas conflict. Brent crude futures climbed 66 cents, or 0.8 per cent, to $81.27 a …

Oil prices rose on Monday, after top exporters Saudi Arabia and Russia reaffirmed their commitment to extra voluntary oil supply cuts until the end of the year. Brent crude futures rose $1.03, or 1.21 per cent, to $85.92 a barrel by 0834 GMT, while U.S. West Texas Intermediate crude was …

State-owned Chinese firm Sinopec signed a new 27-year liquefied natural gas (LNG) supply and purchase agreement with QatarEnergy, the two companies said on Saturday. Under the agreement, the two companies will cooperate on the second phase of the Gulf Arab state’s North Field expansion project, which will supply 3 million …

Oil prices rose on Tuesday, recovering some of the previous day’s losses, as investors remained nervous that the Israel-Hamas war could escalate into a wider conflict in the oil-exporting region, causing potential supply disruptions. Brent crude futures climbed 57 cents, or 0.6 per cent, to $90.40 a barrel by 0321 …

Oil prices surged on Wednesday as tension escalated in the Middle East after hundreds were killed in a blast at a Gaza hospital, sparking concerns about potential oil supply disruptions from the region. Brent crude futures advanced $1.69, or 1.9 per cent, to $91.59 a barrel at 0347 GMT. West …

Oil prices rose nearly $1 on Wednesday as markets focused on supply tightness heading into winter and a “soft landing” for the U.S. economy. Brent crude futures rose 86 cents, or 0.9 per cent, to $94.82 a barrel by 0340 GMT, while U.S. West Texas Intermediate crude futures climbed 86 …

Russia is considering joining China in banning Japanese seafood imports after Japan released treated radioactive water from the wrecked Fukushima nuclear power plant into the sea and is seeking talks with Japan over the matter, a Russian regulator said on Tuesday (Sep 26). Japan started releasing the water from the …

Oil prices ticked higher on Monday (Aug 28) after China took steps to support its flagging economy, though investors remained worried about the pace of growth as well as further US interest rate hikes that could dampen fuel demand. Brent crude rose 19 cents, or 0.2 per cent, to US$84.67 …

Oil prices edged higher on Tuesday as China unexpectedly cut key policy rates for the second time in three months to shore up a sputtering economic recovery, although sluggish economic out of Beijing put a lid on gains. Brent crude futures rose 32 cents, or 0.4 per cent, to trade …

China’s crude oil imports in July fell 18.8 per cent from the previous month to the lowest daily rate since January, customs data showed on Tuesday, as major exporters cut back overseas shipments and domestic stocks continued to build. Crude shipments into the world’s biggest oil importer in July totalled …