US oil prices rose above $US100 a barrel for the first time in more than a year, following political unrest in Egypt and a sharp fall in domestic stockpiles. Light, sweet crude for August delivery rose $US1.64, or 1.7 per cent, to ...
Tags: oil futures, oil, mineral
Crude oil futures settled slightly higher Tuesday as a pipeline shutdown in Alberta, Canada, and escalating tensions in the Middle East lent the complex a bullish note, amid rising equities markets. NYMEX August crude settled 14 cents ...
Tags: Crude Futures, Crude oil
Hints that the Federal Reserve could pull back on its easing efforts later this year sent stocks broadly lower, with high-dividend-yielding stock sectors leading declines. After falling modestly in the initial minutes following the ...
The price spread between Asian styrene monomer and petrochemical feedstock naphtha hit an eight-year high of $819.90/mt Wednesday on short covering amid low spot inventory in China, Platts data showed. SM prices jumped $10.50/mt day on ...
Tags: Chemicals, petrochemical, styrene monomer
US stocks ended a tumultuous day with strong gains after a false tweet briefly sent financial markets veering, underscoring technology's role in tightly linking global markets. The Dow Jones Industrial Average briefly plunged Tuesday ...
Tags: US Markets, Reel on False
US stocks started the second quarter down, pressured by disappointing manufacturing data, after the Dow industrials and S&P500 capped off the first quarter with records. The Dow Jones Industrial Average declined 5.69 points, or less than ...
Tags: US Stocks, Stocks, stock index
NYMEX May crude settled 16 cents lower at $97.07/b on Monday, as the complex came under pressure from a combination of weaker-than-expected US manufacturing data and the closure of ExxonMobil's 96,000 b/d Pegasus crude pipeline on Friday. ...
Tags: NYMEX Crude, Pipeline
Blue chips continued to climb to new heights, pushing beyond the record levels reached in yesterday's rally after a better-than-expected reading on the labour market. The Dow Jones Industrial Average climbed 42.47 points, or 0.3 per cent, ...
Tags: stock index, Stocks, Blue chips
Indian Times reported that Essar Oil, one of the key Indian clients of Iran, imported about 30% more oil from the nation in October compared with September and made rare purchases of Oriente grade from Ecuador. Essar has renewed its term ...
Tags: oil heating prices, crude oil futures, oil delivery, petroleum oil
Turkey's crude oil imports from Iran fell more than 30% to 75,281 barrels per day in October from September as substitute oil from other suppliers including Iraq and Saudi Arabia rose more. Iraq was Turkey's biggest crude supplier in ...
Tags: crude oil futures, oil heating prices, oil gas industries, oil suppliers
OPEC gathers in Vienna this week for a ministerial meeting to decide on the cartel's oil production ceiling as a predicted drop in demand risks weighing on high crude prices despite Middle East unrest. The Organization of Petroleum ...
Tags: Middle East unrest, OPEC, oil, production
The main factor in determining oil prices next year, whether they will hold near current levels or come off what looks to be the highest ever annual average, will depend on how the economies of the world's main demand centers fare, ...
Tags: Oil Prices, high oil prices, gas