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NEW YORK: Crude prices sank more than 2% on Friday and Brent logged its biggest weekly decline in more than a year as concerns that a coronavirus will spread farther in China, the world's second-largest oil consumer, curbing travel and oil demand.
SINGAPORE: Oil prices were steady on Friday, but on track for a fall of up to 5% for the week on growing concern that fuel demand will weaken as the spread of a respiratory virus from China that has killed 25 so far dents travel and darkens the economic outlook.
DAVOS, Switzerland (Reuters) - The European Union will not agree to a political solution to Libya's factional conflict unless Turkey and Libya abandon a maritime accord they signed in November, Greek prime minister Kyriakos Mitsotakis said on Thursday.
NEW YORK: Oil prices fell more than 2% on Wednesday as a market surplus forecast by the International Energy Agency (IEA) and demand worries amid the outbreak of a virus in China outweighed concern over disruptions to Libya's crude output.
BENGALURU: Barclays forecast 2020 oil demand to rise by 1.4 million barrels per day (bpd), up from growth of 900,000 bpd in 2019, and an increase of 50,000 bpd from its earlier forecast, on an expected recovery in global economic activity.
SINGAPORE: Oil jumped back above US$65 a barrel in London, as supply disruptions in Iraq and Libya reignited concerns over the market’s vulnerability to geopolitical risk in key production regions.
HONG KONG: Most Asian markets were mixed Monday (Jan 20) as investors took a step back after last week's rally, though the mood remains upbeat after the China-US trade pact was signed, and the global outlook appears a little rosier.
HONG KONG: Oil jumped as rising tension in the Middle East and North Africa halted output and exports from key OPEC producers Iraq and Libya.
BERLIN/TRIPOLI (Reuters) - Germany and the United Nations will push rival Libyan camps and their foreign backers fighting over the capital to agree on Sunday to a truce and monitoring mechanism as first steps towards peace, diplomats and a draft communique said.