Tag Archives: crude


Oil, markets ,2 million barrels per day (bpd) ,crude ,geopolitical issues,,French oil and energy group Total

Total says 2 million bpd of crude supply off market due to geopolitics

10 October, 2019 10:19 am 10:19 am

Zhoushan (Reuters) – Oil markets have lost 2 million barrels per day (bpd) of crude supply this year due to geopolitical issues, a senior executive at French oil and energy group Total said on Friday at a conference. The geopolitical issues that led to the crude supply loss include US sanctions on Venezuela and Iran, … Read More


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Crude oil, gas discovered in Kohat

09 September, 2019 10:26 pm 10:26 pm

ISLAMABAD (Web Desk) – Oil and Gas Development Company (OGDC) on Tuesday announced that the joint venture of Chanda D&PL has discovered crude oil and gas from its development Well-05, which is located in district Kohat, Khyber Pakhtunkhwa province. According to the APP, a preliminary test identified that the well could produce 76 Barrel per … Read More


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Asian stocks bounce in relief as Trump delays China tariffs

08 August, 2019 11:29 am 11:29 am

TOKYO (Reuters) – Asian stocks joined a global equities surge on Wednesday, after Washington delayed tariffs on some Chinese imports and gave much-needed relief for markets gripped by political and economic turmoil. The tariff news largely offset a raft of disappointing China data for July. The yen rose on the news about weak China’s industrial … Read More


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Global stocks dip as Fed meeting looms, oil climbs on geopolitical fears

06 June, 2019 8:31 am 8:31 am

NEW YORK (Reuters) – US stocks ended nominally lower as investors awaited next week’s Federal Reserve meeting for signs of imminent easing, while the US-Iran confrontation in the Gulf of Oman added to geopolitical uncertainty, sending oil prices higher. Lingering worries over the US-China trade war also weighed on investor sentiment. Weak China data and … Read More


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Asia shares dazed by trade uncertainty, US jobs risks

06 June, 2019 9:06 am 9:06 am

SYDNEY (Reuters) – Asian share markets dithered as investors waited for concrete signs of progress in the US-Mexican trade standoff, while bracing for a US jobs report that could sway the course of interest rates there. MSCI’s broadest index of Asia-Pacific shares outside Japan edged 0.04% higher and looked set for another cautious session being … Read More


Asian shares tripped up by new US tariff threat

09 September, 2018 8:44 am 8:44 am

SYDNEY (Reuters) – Most Asian share markets slipped on Monday amid reports Washington was about to announce a new round of tariffs on Chinese imports, setting the stage for possible reprisals by Beijing. Liquidity was thin with Japan on holiday and moves in currencies and bonds were minor. Hong Kong markets opened as normal after … Read More


Asian shares rise after record highs on Wall Street

08 August, 2018 8:48 am 8:48 am

SHANGHAI (Reuters) – Asian shares rose early on Monday, taking support from Wall Street’s gains on Friday after US Federal Reserve Chairman Jerome Powell said a gradual approach to raising rates was best to protect the US economy and job growth. Powell’s comments, which were in line with market expectations, helped to push the S&P500 … Read More


Oil markets tread water ahead of renewed US sanctions against Iran

08 August, 2018 8:19 am 8:19 am

SINGAPORE (Reuters) – Oil markets started cautiously on Tuesday, as many traders in Asia were reluctant to take on new positions ahead of the introduction of US sanctions against major crude exporter Iran. Spot Brent crude oil futures LCOc1 were at $73.74 per barrel at 0100 GMT on Tuesday, down 1 cent from their last … Read More