Tag: oil
U.S. stocks lower at close of trade; Dow Jones Industrial Average down 1.05%
U.S. stocks were lower after the close on Friday, as losses in the Technology, Consumer Goods and Consumer Services sectors led shares lower. At the...
Dollar falls as investors reach for riskier currencies
By Saqib Iqbal Ahmed NEW YORK (Reuters) -The U.S. dollar fell across the board on Thursday, ceding ground gained in recent sessions as firmer risk...
Canadian dollar to strengthen as BoC moves ‘aggressively’ on rate hikes – Reuters poll
By Fergal Smith TORONTO (Reuters) - The Canadian dollar will gain ground over the coming year as high commodity prices bolster Canada's economic outlook and...
Senegal leader says Putin showed readiness to free up Ukrainian grain exports
By Mark Trevelyan LONDON (Reuters) -Senegal's President Macky Sall said Russia's Vladimir Putin had told him on Friday he was ready to enable the export...
What is windfall tax on oil companies?
Crude oil price is rising. As the burden on people's pocket is increasing, experts are suggesting one-time 'windfall tax' on companies that have profited from the price rise. What is 'windfall tax'?
OPEC+ to stick to oil rise plan despite EU sanctions -sources
DUBAI/LONDON, June 1 (Reuters) - OPEC+ is set to stick this week to its monthly modest oil output increases despite seeing tighter global markets,...
Ukraine war, pandemic set to speed Europe’s green energy transition, report finds
BRUSSELS, June 2 (Reuters) - Most European Union countries have boosted their renewable plans since 2020, putting them on course to cut fossil fuel...
Tight Asia capacity limits room for new LNG ships – Korea Shipbuilding exec
By Joyce Lee and Florence Tan SEOUL (Reuters) - Korea Shipbuilding & Offshore Engineering (KSOE) has mostly filled its order book for the next 2-1/2...
Oil Down, Investors Await OPEC+ Meeting
Oil was down on Thursday morning in Asia, falling by around $3 a barrel in early Asian trading. Investors cashed in on a recent...
Oil prices skid $3 a barrel as investors take profits ahead of OPEC+ meeting
By Yuka Obayashi TOKYO (Reuters) - Oil prices fell by around $3 a barrel in early Asian trade on Thursday as investors cashed in on...
Oil prices slide after report Saudi Arabia could step up if Russian output dips under sanctions
Oil prices dropped more than 2% following a report that Saudi Arabia is prepared to raise crude production if Russia’s output significantly falls following...