By Sonali Paul and Seng Li Peng MELBOURNE/SINGAPORE (Reuters) – Oil prices fell on Tuesday amid concerns over fuel demand as the peak U.S. driving season drew to a close and the U.S. Labor Day long weekend added to worries over rising coronavirus cases in more U.S. states. Coronavirus cases rose in 22 of the […]
By Florence Tan SINGAPORE (Reuters) – Oil futures dropped on Friday, with prices on both sides of the Atlantic heading for their biggest weekly declines since June, as lacklustre demand and ample fuel supplies offset support from a weaker dollar. Brent crude (LCOc1) fell 33 cents, or, 0.8% to $43.74 a barrel by 0630 GMT. […]
By Shu Zhang and Sonali Paul SINGAPORE/MELBOURNE (Reuters) – Oil prices were hovering around multi-week lows on Thursday as worries about falling U.S. gasoline demand and sluggish economic recovery from the COVID-19 pandemic dented sentiment. U.S. West Texas Intermediate (WTI) crude (CLc1) futures were up 4 cents, or 0.10%, at $41.55 a barrel by 0626 […]
By Yuka Obayashi TOKYO (Reuters) – Crude oil futures extended gains on Wednesday after a bigger-than-expected draw in U.S. crude stockpiles and as solid U.S. and Chinese factory activity fuelled optimism of a recovery from the coronavirus pandemic, boosting investor risk appetite. Brent crude (LCOc1) futures rose 45 cents to $46.03 a barrel as of […]
By Eimi Yamamitsu TOKYO (Reuters) – The dollar bounced off two-year lows on Wednesday as U.S. data pointed to a firm manufacturing activity, while the euro retreated from its highest levels since 2018 on profit-taking. Economic data published on Tuesday showed U.S. manufacturing activity accelerated to a nearly two-year high in August amid a surge […]
By Sonali Paul MELBOURNE (Reuters) – A slump in energy prices that has led to the deferral of liquefied natural gas (LNG) projects around the world is set to be an unexpected boon for some producers trying to kickstart new ventures in gas-rich western Australia. Offshore and onshore projects led by Woodside (OTC:WOPEY) Petroleum (AX:WPL), […]
DUBAI (Reuters) – Saudi Arabian state oil giant Aramco (SE:2222) on Tuesday reported a 25% fall in first-quarter net profit, below analyst estimates, hurt by lower crude oil prices as the coronavirus slashed demand. Brent crude prices fell 65% in the first quarter, before OPEC+ producers agreed to cut oil supply by a record 9.7 […]
By Jane Chung SEOUL (Reuters) – Oil prices extended gains on Wednesday as China reported its lowest daily number of new coronavirus cases since late January, stoking investor hopes that fuel demand in the world’s second-largest oil consumer may begin to recover from the epidemic. Brent crude (LCOc1) was up $1.12, or 2.1%, at $55.13 […]
