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NEW YORK: Stocks across the globe were little changed on Monday as upbeat industrial data out of China and hopes for more stimulus in the United States were offset by jitters over tensions between Washington and Beijing.
NEW YORK: Energy companies have begun taking back millions of barrels of oil from the U.S. government's emergency stockpile after renting storage in the facility to help manage a glut of crude this spring after energy demand collapsed during COVID-19 lockdowns, a Department of Energy website showed on Monday.
NEW YORK: Oil settled higher on Monday, supported by data suggesting Chinese factories were returning to pre-pandemic levels, signs of rising energy demand and hopes for an agreement in the United States on more coronavirus-related economic stimulus.
NEW YORK:Stocks across the globe were little changed on Monday as upbeat industrial data out of China and hopes for more stimulus in the United States were offset by jitters over tensions between Washington and Beijing.
KUALA LUMPUR: The ringgit has shown resilience in these tempestuous times as global economy struggles to come to terms with Covid-19 and the pressure of economic volatility.
RIYADH: Saudi Aramco said it’s still working on a deal to buy a US$15bil stake in Reliance Industries Ltd’s refining and chemicals business, even as lower oil prices forces it to slash investment spending.
HANOI: Vietnam’s Dung Quat oil refinery has processed its first batch of Russian Sokol crude oil on a trial basis, as it seeks a replacement for shrinking domestic Bach Ho output, its operator Binh Son Refining and Petrochemical said.
RIYADH: Saudi Arabia has agreed with Europe’s biggest hotel group Accor for the group to expand and operate a resort at the US$20bil Al-Ula tourism project in the kingdom’s northwestern region, the Royal Commission for the project said.
MELBOURNE: Oil prices climbed yesterday, supported by Saudi optimism about Asian demand and an Iraqi pledge to deepen supply cuts, although uncertainty over a deal to shore up the US economic recovery capped gains.