By Henning Gloystein SINGAPORE (Reuters) – Oil prices held steady on Wednesday, supported by concerns about supply disruptions following U.S. sanctions on Venezuela’s oil industry but pegged back by a darkening outlook for the global economy. U.S. West Texas Intermediate (WTI) crude futures were at $53.30 per barrel at 0748 GMT, virtually unchanged from their […]
By Bate Felix and Wendell Roelf PARIS/CAPE TOWN (Reuters) – Total is launching its biggest exploration campaign for years in 2019 as part of a turnaround plan that is ditching the company’s focus on risky long-shots in favor of areas known to contain commercial levels of oil or gas. The French major aims to drill […]
By Henning Gloystein SINGAPORE (Reuters) – Oil prices rose on Tuesday after Washington imposed sanctions on Venezuelan state-owned oil firm PDVSA a step that may curb the OPEC member’s crude exports to the United States. Despite the move, which comes as the U.S government looks to pile pressure on President Nicolas Maduro to step down, […]
By Saikat Chatterjee LONDON (Reuters) – The dollar held near a two-week low on Tuesday as growing concern over the trade conflict between the United States and China heightened the safe-haven appeal of the Japanese yen and the Swiss franc. The United States on Monday announced criminal charges against China’s Huawei Technologies Co Ltd, escalating […]
By Henning Gloystein and Roslan Khasawneh SINGAPORE (Reuters) – Oil prices fell 1 percent on Monday after U.S. companies added rigs for the first time this year, a signal that crude output may rise further, and as China, the world’s second-largest oil user, reported additional signs of an economic slowdown. International Brent crude oil futures […]
LONDON (Reuters) – The euro edged down on Monday as investors bought the dollar and prepared for volatile markets ahead of U.S.-China trade talks and a Federal Reserve policy decision. Investors are focused on Wednesday’s Fed meeting when policymakers are expected to signal a pause in their tightening cycle and to acknowledge growing risks to […]
By Henning Gloystein SYDNEY/SINGAPORE (Reuters) – Oil prices rose on Friday as turmoil in Venezuela triggered concerns that its crude exports could soon be disrupted. Washington on Thursday signaled it could impose sanctions on Venezuela’s oil exports as Caracas descends further into political and economic turmoil. Brent crude oil futures were at $61.62 a barrel […]
By Huw Jones LONDON (Reuters) – British lawmakers launched an inquiry on Friday to plot the best way forward for finance after Brexit as Goldman Sachs (NYSE:GS) warned it could cut jobs if the United Kingdom crashes out of the bloc without an agreement in two months’ time. The inquiry will determine if the country […]
By Guy Faulconbridge and Kate Holton LONDON (Reuters) – Queen Elizabeth has sent a delicately coded message to Britain’s factious political class over Brexit, urging lawmakers to seek common ground and grasp the big picture to resolve the crisis. With the clock ticking down to March 29, the date set in law for Britain to […]
By Ernest Scheyder YERINGTON, Nev. (Reuters) – Once seen as a laggard in the global mining industry, U.S. copper deposits have quietly drawn more than $1.1 billion in investments from small and large miners alike as Tesla and other electric carmakers scramble for more of the red metal. Four U.S. copper projects are set to […]
