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SHANGHAI: China’s insatiable appetite for crude is at least one thing oil bulls can count on this year.
NEW YORK: Oil prices fell on Friday morning in the US after news that the Organisation of the Petroleum Exporting Countries (Opec) was planning to maintain its production near record highs despite depressed prices, as the producer group continued to seek share of an oversupplied market.
SINGAPORE: As China closes in on the United States as the world's biggest crude oil importer, demand from private refiners and stockpiling of cheap oil is expected to keep imports at record levels after a wobble in the third quarter.
KOTA KINABALU: The Federal government has agreed to allocate RM1.812bil in grants to implement critical transmission projects in the state
NEW YORK: Boeing Co shares slipped 1.3 percent on Tuesday after a pair of downgrades from highly ranked analysts, including one who cut the stock outlook to "underperform."
NEW YORK: U.S. stocks posted their best day of the year on Thursday after a drop in applications for unemployment insurance boosted confidence in the economy and Disney's results overshot expectations.
NEW YORK/CHARLESTON, South Carolina: South Carolina will clinch a long-awaited land sale next week that should help Boeing Co expand aircraft production. Perhaps more importantly, the $13.8 million deal may help South Carolina win assembly work for Boeing's next big jet.
WASHINGTON: Obama administration officials have contacted energy experts in recent days to discuss oil market conditions as the president weighs a military strike against Syria, sources familiar with the matter told Reuters.
NEW YORK: Stocks advanced on Friday, supported by banks' strong earnings, but Boeing limited the Dow's gain after an airplane fire in London.