Tag Archives: sanction

Global oil pricing worries hit US energy shares as earnings loom

10 October, 2018 9:25 am 9:25 am

NEW YORK (Reuters) – Worries over global oil pricing and pipeline constraints are hanging over the energy sector as US companies begin to report quarterly results, with many producers’ shares trading lower on the year. Third-quarter profits for oil producers generally should be higher than a year ago, because the average price per barrel was … Read More

Oil prices fall one percent amid global stock market slump

10 October, 2018 8:20 am 8:20 am

SINGAPORE (Reuters) – Oil prices fell by around one percent on Thursday, coming under pressure from sharp selloffs in global stock markets, with US stocks posting the biggest daily decline since 2011 to wipe out the year’s gains. Front-month Brent crude oil futures LCOc1 were at $75.42 a barrel at 0043 GMT, 75 cents, or … Read More

oil opec brent crude oil prices

Oil prices fall as Saudi Arabia pledges to play ‘responsible roleR...

10 October, 2018 8:11 am 8:11 am

SINGAPORE (Reuters) – Oil prices fell on Tuesday after Saudi Arabia pledged to play a “responsible role” in energy markets, although sentiment remained nervous in the run-up to US sanctions against Iran’s crude exports that start next month. Front-month Brent crude oil futures LCOc1 were at $79.52 a barrel at 0318 GMT, down 31 cents, … Read More

Oil extends losses as other markets fall, inventories rise

10 October, 2018 8:33 am 8:33 am

TOKYO (Reuters) – Oil dropped on Thursday to extend big losses from the previous session as global stock markets suffered a rout, with crude prices also taking a hit from a weekly industry report showing US crude inventories had risen more than expected. Supply worries also eased as Hurricane Michael likely spared oil assets from … Read More

North Korea says ‘no way’ will disarm unilaterally without trus...

09 September, 2018 8:55 am 8:55 am

UNITED NATIONS (Reuters) – North Korea’s foreign minister told the United Nations continued sanctions were deepening its mistrust in the United States and there was no way the country would give up its nuclear weapons unilaterally under such circumstances. Ri Yong Ho told the world body’s annual General Assembly that North Korea had taken “significant … Read More

OPEC and allies struggle to pump more oil as Iran supply falls

09 September, 2018 9:29 am 9:29 am

ALGIERS (Reuters) – OPEC and its allies reduced oil output in August as a drop in Iranian supply due to US sanctions derailed their attempts to raise production to agreed levels, delegates said  as the energy producers prepared to hold talks in Algiers. The development further raises pressure on the Organization of the Petroleum Exporting … Read More

Trump ‘likely’ to announce new China tariffs as early as Monday

09 September, 2018 8:51 am 8:51 am

WASHINGTON (Reuters) – US President Donald Trump is likely to announce new tariffs on about $200 billion on Chinese imports as early as Monday, a senior administration official told Reuters . The tariff level will probably be about 10 percent, the Wall Street Journal reported, quoting people familiar with the matter. This is below the … Read More

Asian shares rise as China and US weigh fresh talks

09 September, 2018 8:12 am 8:12 am

SHANGHAI (Reuters) – Asian shares nudged higher on Friday as moves by the United States and China to resolve a bitter trade dispute and a sharp interest rate hike in crisis-hit Turkey supported global risk appetite. MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS was up 0.4 percent in early trade, following gains on … Read More

Japan PM Abe says relations with China back on ‘normal track’

09 September, 2018 8:35 am 8:35 am

TOKYO (Reuters) – Japanese Prime Minister Shinzo Abe expressed confidence in improving ties with China and said the countries’ relationship had returned to a “normal track”. Abe, who is expected to visit China at the end of October, was also quoted as saying he hoped to invite President Xi Jinping to Japan in the future. … Read More

Oil prices edge up on supply disruption worries

08 August, 2018 8:36 am 8:36 am

SINGAPORE (Reuters) – Oil prices rose on Tuesday as risks of supply disruptions from places such as Venezuela, Africa and Iran triggered expectations of a tightening market. International Brent crude oil futures LCOc1 were at $76.37 per barrel at 0215 GMT, up 16 cents, or 0.2 percent, from their last close. US West Texas Intermediate … Read More

World Court hears Iran lawsuit to have US sanctions lifted

08 August, 2018 9:56 am 9:56 am

THE HAGUE (Reuters) – Iranian lawyers will ask the International Court of Justice on Monday to order the United States to lift sanctions ordered by the Trump administration against Tehran. The lawsuit filed with the ICJ, also known as the World Court, says the US sanctions, which are damaging its already weak economy, violate terms … Read More

Oil stable as US/Sino trade row weighs, Iran sanctions cut supply outlook

08 August, 2018 8:54 am 8:54 am

SINGAPORE (Reuters) – Oil prices dipped slightly on Monday on concerns that a US-China trade dispute will erode global economic growth, although looming US sanctions against Iran’s oil sector kept crude from falling further, traders said. International Brent crude oil futures LCOc1 were at $75.75 per barrel at 0122 GMT, down 7 cents from their … Read More

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Oil rises as China demand resumes, signs that Iran supply curbed

08 August, 2018 8:40 am 8:40 am

NEW YORK (Reuters) – Oil prices gained more than 1 percent , ending a run of weekly declines on signs that Iran sanctions may limit global supply and that a trade war may not curb China’s appetite for US crude. Brent crude oil LCOc1 settled up $1.09 a barrel, or 1.5 percent, at $75.82 a … Read More

Oil edges up on US sanctions against Iran, but trade dispute weighs

08 August, 2018 8:36 am 8:36 am

SINGAPORE (Reuters) – Oil prices edged up on Tuesday, supported by expectations of supply cuts once US sanctions against Iran bite in November, but capped by worries a Sino-US trade dispute will drag on fuel demand growth. Brent crude oil futures LCOc1 were at $72.24 per barrel at 0104 GMT, up 3 cents from their … Read More

Oil dips on concerns of slowing economic growth

08 August, 2018 8:38 am 8:38 am

SINGAPORE (Reuters) – Oil prices dipped on Monday as concerns over slowing economic growth weighed on markets. International Brent crude oil futures LCOc1 were at $71.78 per barrel at 0019 GMT, down 5 cents from their last close. US West Texas Intermediate (WTI) crude futures CLc1 were down 4 cents, at $65.87 per barrel. “Disappointing … Read More