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China's aluminium juggernaut may be running out of road
LONDON: Another month, another Chinese aluminium production record.
Oil price falls on demand concerns, posts second monthly decline
NEW YORK: Oil prices fell on Friday and posted a second consecutive monthly drop as rising COVID-19 cases in Europe and the United States heightened concerns over the outlook for fuel consumption.
Number of active U.S. drilling rigs increases this week
HOUSTON, Oct. 30 (Xinhua) -- The number of active drilling rigs in the United States increased by nine to 296 rigs this week, down by 526 year on year, according to the weekly data released Friday by Houston-based oilfield services company Baker Hughes.
Star Exclusive - The road to recovery gets bumpier
THE already bumpy road to economic recovery may turn bumpier as the headwinds blow harder. The resurgence of Covid-19 cases is threatening the country’s path to recovery, raising concerns over the survival of businesses and the people’s willingness to spend.
Chevron, Exxon shrink spending as coronavirus cuts demand
HOUSTON (Reuters) - US oil giants Chevron Corp and Exxon Mobil Inc cut spending aggressively in the third quarter in a race to beat weak trends in fuel demand caused by the COVID-19 pandemic, though the former managed a slim profit.
Typhoon Goni gaining strength as it heads to Philippines; Covid-19 cases rising to almost 379,000 as sports takes backseat
MANILA, Oct 30: Typhoon Goni continued to strengthen on its way to the Philippines, tracking a path similar to Molave that has killed dozens of people and damaged homes and crops in the Philippines and Vietnam.
Oil losses deepen as anxiety builds over lockdowns and elections
SINGAPORE, Oct 30 (Reuters): Global oil prices fell more than 1% on Friday, extending losses and on track for a second monthly fall, on growing concerns that the rise in COVID-19 cases in Europe and the United States could hurt fuel consumption.
U.S. death toll from Hurricane Zeta rises to six, millions without power
(Reuters) - At least six people were killed in the southeast of the United States and more than two million people were without power on Thursday after Hurricane Zeta slammed into the Gulf Coast and moved northeast.
CGS-CIMB Research sees another strong 4Q for Lotte
KUALA LUMPUR: CGS-CIMB Equities Research sees another strong fourth quarter in FY20 for Lotte Chemical Titan (LCT) due to the strong Chinese peak season demand for plastics and the supply disruptions from the US hurricane season.
Asian shares look for rebound Friday following tech earnings
Asian markets looked to continue an upward swing on Friday, after a rebound in U.S. equities and strong corporate earnings set the stage.
