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NEW YORK: Oil rose more than 1% on Monday as Chinese economic figures and U.S. vaccination rates pointed to a strong rebound in demand in the world's two largest economies
SINGAPORE: Oil prices fell on Monday as a catastrophic second wave of a coronavirus epidemic in India cut short a recovery in oil demand there, offsetting optimism about a strong rebound in consumption in developed countries and China in the second half of the year.
NEW YORK: Oil prices fell from six-week highs on Friday as investors unloaded positions after weak Japanese crude import data and on worries about fuel demand in India, where COVID-19 infections have soared.
Biden, a Democrat, devoted much of his first several weeks in office to passing a $1.9 trillion stimulus bill to limit the pandemic's economic fallout. The American Rescue Plan, passed over Republican opposition, delivered on the key economic promise Biden made on the campaign trail: checks for Americans.
NEW YORK: Oil prices edged higher on Tuesday as OPEC, Russia and their allies agreed to stick to plans to raise output slightly from May 1, suggesting they don't see a lasting impact on demand from India's coronavirus crisis.
LONDON: The financial hit of the Covid-19 pandemic has slowed efforts by central banks in a range of countries to unify parallel exchange rates, leaving states such as Lebanon and Iran with currency black markets that cause more economic damage, a study found.
ON APRIL 29, the United States will celebrate the first 100 days of 46th president Joseph Biden. After four years of the chaotic Donald Trump governance, the world is relieved how quickly Biden was able to deliver calm and competent professionalism in tackling the pandemic, economy and setting the tone on foreign affairs.
NEW YORK: Oil prices were little changed on Thursday as concerns over lower crude production in Libya offset expectations that rising coronavirus cases in India and Japan would cause energy demand to decline.
NEW YORK: Oil prices on Wednesday fell for a second day to their lowest in a week on a surprise build in U.S. crude inventories and concerns surging COVID-19 cases in India will drive down fuel demand in the world's third-biggest oil importer
BEIJING: China’s crude oil imports from top supplier Saudi Arabia rose 8.8% in March from a year earlier, driven by strong demand and as shipments delayed due to a port congestion finally arrived.