On Monday, stock markets located in Asia reacted to the problems created by new tariffs. Starting from Sunday, the U.S. imposed additional tariffs on Chinese products. The trade war created various issues for the stock markets in Asia and around the world. As mentioned above from September, the U.S. imposed tariffs on $112 billion on …
Stock markets across Asia reacted to the news that tariffs imposed by the U.S. were enacted on Sunday. It means that starting from Sunday the U.S. imposed new tariffs on products imported from China. The trade war continues to affect the stock markets in Asia as well as in other regions across the world. This …
In a news report, calculations showed petroleum product sales remained stable at nearly $500 million a month from the Islamic Republic together with its shipping data. Meanwhile, U.S. sanctions on Iran’s oil industry have reduced the OPEC countries’ crude exports by more than 80%. Sanctions have almost affected Iran’s exports of oil products, mainly fuel …
Last year, petroleum giant Royal Dutch Shell wanted to buy a stake in Total. It is a promising exploration isolated from South Africa. The asset’s principal shareholder used its right to hinder the deal and collected the share itself. The reason is that Total’s plan was only to sell on Qatar Petroleum. The quick turn …
Petroleum Giants Indulge Qatar with Crown Jewels Read More »
On Wednesday, petroleum products prices inched up. It is with U.S. crude advancing 1.3% after an industry report showed stockpiles in the United States. This is the world’s biggest oil user that dropped more than expected, easing fears about economic growth due to the China-U.S. trade conflict. Brent crude futures mounted 59 cents, or 1.0%, …
Petroleum Products Price Upsurges as Economic Fears Eases Read More »
Sedari’s fishermen are still grounded by the massive spill. It was weeks after an unexpected stream of crude oil from a tank. It has emitted an inky stain across 12 miles of shoreline that is home to a dozen villages. A resident affected by the incident stated, “There’s no point going out there.” He said …
Indonesia Seeks for Assistance as Petroleum Product Spill Continues Read More »
Recently, OPEC’s share of the global oil market has plunged to 30%, the lowest in years. It is after results of supply limit and involuntary losses in Iran and Venezuela. Meanwhile, there is still a little sign, yet producers are uncertain on their output-cut strategy. In July 2019, crude oil from the Organization of the Petroleum …
On Tuesday, petroleum products’ prices curved in slightly. It was after the prior surge, as the pause of news on the U.S.-China trade front kept big moves in check. Meanwhile, markets also prepared for weekly data on U.S. crude inventories. New York-traded West Texas Intermediate crude futures plunged 9 cents, or 0.2%, to $56.05 a barrel. Brent crude futures, …
Petroleum Products Downtrends Ahead of Crude Inventories Read More »
On Friday, the Iranian supertanker that was seized last month due to suspicion of shipping petroleum products to Syria in breach of EU sanctions was set free to set sail from British territory Gibraltar. It was after a day of confusion surrounding the vessel’s fate. Gibraltar Chief Minister Fabian Picardo decided to lift the custody …
Iran Petroleum Products Tanker Departs from Gibraltar Read More »
On Thursday, a sharp overnight loss occurred as U.S. crude inventories unexpectedly rose, oil prices firmed. It was after fears of recession or global financial crisis intensified and economic data out of China and Europe disappointed. Brent crude was down 13 cents, or 0.2%, at $59.35 a barrel, after plunging 3% in the last session. …
Oil and Gold Prices Steady Amid Signs of Financial Crisis Read More »
On Wednesday in Asia, gold prices plunged on global trading. It was after the U.S.’s decision to postpone the tariffs on certain Chinese goods. It has eased the tension between the two sides and dented demand for the safe-haven metal. December delivery of gold futures traded on the Comex division of the New York Mercantile …
On Tuesday, petroleum products prices traded lower. It was after concerns over a weakening global economy offset expectation that OPEC would be able to cut supply enough to support prices. New York-traded West Texas Intermediate crude futures declined 45 cents, or 0.8%, to $54.48 a barrel. Meanwhile Brent crude futures, the benchmark for petroleum products prices outside the …
Petroleum Price Plunges Over A Weakening Global Economy Read More »
On Monday, petroleum products prices edged lower amid doubts about an economic slowdown and the Sino-U.S. trade war. The conflict have led in a cut in the growth prospects for global oil demand. International benchmark Brent crude futures were at $58.40 a barrel down 13 cents, or 0.2%, from their previous settlement on the global trading. U.S. …
Petroleum Products Plunge, Gold Prices Move amid Global Growth Prospects Read More »
Earlier, petroleum products such as U.S. Crude Oil WTI Futures soared 3.1% to $52.69. International Brent Oil Futures also grew by 2.9% to $57.88. It was last Thursday when oil prices recovered after tumbling almost 5% overnight on growing crude stockpiles. The reports of possible producer actions supported the oil prices into boosting oil markets. The U.S. Energy Information …
Petroleum Products and Gold Prices Still Decline Read More »
On Friday, as anticipations of more petroleum products in the OPEC production cuts provided some support, oil prices inched higher. But concerns over the long-running U.S.-China trade clash controlled the earnings. International benchmark Brent crude futures were at $57.54 a barrel, growing 16 cents, or 0.3%, from their previous settlement. Meanwhile, U.S. West Texas Intermediate (WTI) futures …
Petroleum Products Strengthen Amid OPEC Cuts Prospect Read More »
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