oil

  1. News
By: Reuters | Melbourne | Published: April 9, 2020 10:39:20 am The brand of the Organisation of the Petroleum Exporting Countries (OPEC) is seen at OPEC’s headquarters in Vienna, Austria December 5, 2018. (File picture, supply: Reuters) Crude futures rose on Thursday on expectations the world’s largest oil producers would agree to chop manufacturing at […]
  1. Business
Oil costs plunged on Wednesday, with U.S. crude futures hitting an 18-year low, as governments worldwide accelerated lockdowns to counter the coronavirus pandemic. Oil futures have misplaced greater than half their worth up to now 10 days as colleges have closed, companies have shuttered and governments worldwide have urged residents […]
  1. Business
Red Cross medics measure the temperature of individuals of the 178th Organization of Petroleum Exporting Countries (OPEC) assembly in Vienna, Austria, on March 5, 2020. Alex Halada | Getty Images Oil costs plunged final week as OPEC and its allies failed to achieve an settlement on manufacturing cuts, and as costs look set to proceed cratering, […]
  1. Business
Asia markets edged up in early commerce on Wednesday after tumbling a day earlier than, with traders intently monitoring China’s progress in returning to work because the nation offers with the coronavirus outbreak. Hong Kong’s Hang Seng index rose 0.38%. Mainland Chinese shares did not transfer a lot in early commerce. The Shanghai composite was […]
  1. Business
The U.S. power secretary doesn’t imagine the final word impact of China’s fast-spreading coronavirus is a trigger for concern for markets. His feedback come shortly after each OPEC and the International Energy Agency (IEA) dramatically lowered their oil demand progress forecasts this yr on account of the lethal flu-like virus. “I think we are going […]
  1. Business
Top details about Zealandia A large fireplace broke out at an Exxon refinery in Louisiana as a hearth began shortly from contained in the premises earlier than midnight on Tuesday, February 11.  Crews battling massive fireplace at Exxon plant in Baton Rouge; No off-site influence, fireplace division says. @WBRZ/Twitter No injuries reported, fireplace contained The […]
  1. Business
Russia’s largest oil producer Rosneft is keen to bid for acquisition of Bharat Petroleum Corp Ltd (BPCL), sources mentioned after the Russian agency’s CEO Igor Sechin met Oil Minister Dharmendra Pradhan on Wednesday. Rosneft, which is almost all proprietor of India’s second-biggest non-public oil refinery, is keen to increase on this planet’s third-largest and the […]
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Sales of Latin American oil cargoes to China have floor to a halt this week because the deepening disaster across the coronavirus additional stifles an already quiet vacation interval. Zero gross sales have been reported since final week for March-loading cargoes from Brazil and Colombia and unsold cargoes are piling up, in accordance to folks aware of […]
  1. Business
Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman Al-Saud says he’s watching developments intently in China and feels assured that the brand new virus might be contained  Reuters   New Delhi     Last Updated: January 27, 2020  | 08:41 IST Oil prices slumped an extra 2% to multi-month lows on Monday because the rising variety of cases of the brand […]
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Malaysian PM shocks India at UN, says Kashmir ‘invaded, occupied’ MSM Malaysia Holdings Berhad will buy 130,00zero tonnes of uncooked sugar from India value 200 million ringgit ($49.20 million) within the first quarter, the corporate advised Reuters. It purchased round 88,00zero tonnes of uncooked sugar from India in 2019. The firm didn’t cite the palm […]
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Oil prolonged its dramatic surge, surpassing US$70 a barrel in London for the primary time since September, as Middle East tensions flared after the US assassinated one of Iran’s strongest generals. Futures jumped by one other 1.four p.c on Monday as the US State Department warned of a “heightened risk” of missile assaults close to army […]
  1. Business
Representational picture.John Graner/Wikimedia Commons Widely consumed soybean oil not solely results in weight problems and diabetes however may additionally have an effect on neurological situations like autism, Alzheimer’s illness, nervousness and melancholy, report researchers from University of California Riverside, together with considered one of Indian origin. In a examine performed on mice, the scientists discovered […]
  1. Business
Oil properly pump jacks situated in Almond Orchard situated over the Monterey Shale in San Joaquin Valley. Citizens of the Planet | Getty Images There could possibly be a recalibration of oil market expectations concerning an “ample” world oil supply, Bahrain’s oil minister stated Monday, regardless of expectations that U.S. shale oil manufacturing could possibly […]
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Indian and Nepalese residents queue up with empty containers at a petroleum pump within the Indian village of Panitanki. Diptendu Dutta | AFP | Getty Images India’s oil demand growth is set to overtake China by mid-2020s, priming the nation for extra refinery funding however making it extra weak to provide disruption within the Middle […]