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NEW YORK: Oil prices fell on Friday as the U.S. dollar rose while forecasts called for crude supply to rise in response to prices climbing above pre-pandemic levels
Group wants to help stimulate economic recovery
NEW YORK: Oil’s record start to 2021 was under pressure from a selloff in bond markets that spooked risky assets.
Global Forex MarketTHE dollar closed the week softer, down 0.25% to 90.13 but managed to recover some of its early week losses following Fed chair Powell’s upbeat speech during his two-day Congressional testimony as well as a slew of strong data release, which triggered a selling wave in the US Treasury market.
NEW YORK: Oil prices were mixed on Thursday with U.S. crude edging up to its highest close since 2019 as Texas refineries restarted production after last week's freeze, while Brent eased on worries that four months of gains will prompt producers to boost output.
NEW YORK:Oil prices climbed on Wednesday to fresh 13-month highs after U.S. government data showed a drop in crude output after a deep freeze disrupted production last week
CARACAS (Reuters) - Venezuelan Foreign Minister Jorge Arreaza said on Wednesday that the head of the European Union's delegation in Caracas had 72 hours to leave the South American country and declared her persona non grata after the bloc imposed new sanctions on Venezuelan officials this week.
Consumption seen returning to pre-Covid levels by July
KUALA LUMPUR: Petronas Chemicals Bhd posted a strong set of earnings in the fourth quarter ended Dec 31,2020 with net profit of RM466mil, underpinned by a recovery in petrochemical product prices, and it expects an improvement this year
DUBAI (Reuters) - Saudi Arabia's Sheikh Zaki Yamani, the embodiment of the ascent of Arab petroleum power and the face of the 1973 oil embargo that brought the West to its knees, has died.