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Brent ends steady; U.S. crude extends losses on stockpile build| Reuters

Mar 23, 2016 at 03:45 | Source: FirstPost

NEW YORK Brent oil prices settled steady on Tuesday after the deadly blasts in Brussels while U.S. crude futures fell, then extended losses in post-settlement trade on industry data showing bigger than expected builds in domestic inventory.Oil prices...

India's February oil imports up 29.9 percent year on year| Reuters

Mar 21, 2016 at 23:30 | Source: FirstPost

India's oil imports in February increased by 29.93 percent year on year to 4.27 million barrels per day (bpd), or 16.88 million tonnes, government data showed.Overseas purchases of oil products were 17.69 percent higher, while exports rose 21.25 perc...

Oil retraces gains after 2016 highs; weekly rise still holds| Reuters

Mar 19, 2016 at 01:30 | Source: FirstPost

NEW YORK Oil prices were in steady in volatile trading on Friday after hitting 2016 peaks, but were on track to multi-week gains on expectations of a production freeze by major exporters and stronger U.S. fuel demand.Strength in world equity markets,...

India in driver's seat as fuel demand roars at fastest rate ever

Mar 18, 2016 at 11:29 | Source: FirstPost

Three hours east of New Delhi, in the village of Piplera, recently married Abhilekh Swami has stopped to refuel his first automobile, a Hyundai hatchback, at an Indian Oil filling station.Late model SUVs and Mercedes also ply the potholed roads and d...

Oil at 2016 high, U.S. crude above $40 on output freeze hopes| Reuters

Mar 18, 2016 at 01:13 | Source: FirstPost

NEW YORK Oil prices hit 2016 highs on Thursday, with U.S. crude surging 5 percent to pierce the $40 barrier, on optimism that major producers will strike an output freeze deal next month amid rising crude exports and gasoline demand in the United Sta...

U.S. data points to firming economy, inflation | Reuters

Mar 16, 2016 at 23:15 | Source: FirstPost

WASHINGTON Underlying U.S. inflation increased more than expected in February as rents and medical costs maintained their upward trend, which could keep the Federal Reserve on course to gradually raise interest rates this year.Other data on Wednesday...

Weak U.S. retail sales highlight risks to economic outlook| Reuters

Mar 15, 2016 at 23:45 | Source: FirstPost

WASHINGTON U.S. retail sales fell less than expected in February, but a sharp downward revision to January's data could reignite concerns about the economy's growth prospects.Tuesday's weak report from the Commerce Department bucked the trend of rece...

Oil rallies, lifts stocks while euro stays steady| Reuters

Mar 10, 2016 at 04:15 | Source: FirstPost

NEW YORK Oil prices resumed a more than month-long rally on Wednesday, helping to lift world stock markets, while the euro held steady ahead of this week's European Central Bank meeting.Brent moved back above $40 a barrel on speculation the world's l...

Oil prices rally, boosting world stocks| Reuters

Mar 10, 2016 at 02:15 | Source: FirstPost

NEW YORK Oil prices resumed a month-long rally on Wednesday, helping to lift world stock markets, while bond prices weakened ahead of this week's European Central Bank meeting.Brent moved back above $40 a barrel on speculation the world's largest exp...

Wall Street gets boost from crude oil recovery| Reuters

Mar 10, 2016 at 01:45 | Source: FirstPost

Wall Street was higher on Wednesday afternoon as a strong recovery in oil prices pushed energy shares higher.Brent crude extended gains above $40 a barrel, after U.S. crude stockpiles rose in line with estimates last week and gasoline inventories fel...

China crude oil imports hit record 8 million bpd in February| Reuters

Mar 09, 2016 at 02:30 | Source: FirstPost

BEIJING/SINGAPORE China's February crude oil imports jumped 20 percent on year to their highest ever on a daily basis, as prices at their lowest in more than a decade drove buying from a group of new importers and state and commercial stockpiling. Th...

WIDER IMAGE: Oil slump has uneven impact on global prices at the pump| Reuters

Mar 05, 2016 at 02:30 | Source: FirstPost

PHILADELPHIA/KHOBAR, Saudi ArabiaA dramatic drop in oil prices is translating into a mixed bag for motorists across the globe - from hefty savings at the pump in the United States to a rare fuel price hike in Venezuela. Oil prices have dropped nearly...

'Mad Max: Fury Road' owns technical awards; wins in seven categories

Feb 29, 2016 at 12:47 | Source: FirstPost

Los Angeles: It was the moment of joy and excitement for the team of Mad Max: Fury Road when the film lifted Oscars for the Best Costume Design, Best Production Design, Editing, Sound editing, Sound Mixing, and Best Makeup and Hair-styling at the 88t...

'Mad Max: Fury Road' sweeps technical awards; wins in seven categories

Feb 29, 2016 at 11:41 | Source: FirstPost

Los Angeles: It was the moment of joy and excitement for the team of Mad Max: Fury Road when the film lifted Oscars for the Best Costume Design, Best Production Design, Editing, Sound editing, Sound Mixing, and Best Makeup and Hair-styling at the 88t...

Oil ends down on profit-taking but still up strongly on week| Reuters

Feb 29, 2016 at 00:15 | Source: FirstPost

NEW YORK Oil prices fell on Friday as investors cashed out big weekly profits after a rally driven by disruptions to crude supplies and Wall Street's gains from U.S. economic data.Prices turned negative soon after the release of weekly U.S. oil rig d...

Oil pares losses after dive toward 12-year low seen too far, too fast| Reuters

Jan 07, 2016 at 23:30 | Source: FirstPost

NEW YORK/LONDON Oil lurched to new 12-year lows before paring some losses on Thursday, with some traders betting a rout triggered by fears over China demand and swelling U.S. stockpiles had run its course, for now.Global benchmark Brent crude fell as...

Global - Asian stocks touch 3-month low, China woes remain in spotlight| Reuters

Jan 07, 2016 at 07:15 | Source: FirstPost

TOKYO Asian stocks touched a three-month low early on Thursday as worries about the Chinese economy, reflected recently in a sharply lower yuan, kept investors nervous.MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS dipped 0....

Asian stocks touch 3-month low, China woes remain in spotlight| Reuters

Jan 07, 2016 at 06:30 | Source: FirstPost

TOKYO Asian stocks touched a three-month low early on Thursday as worries about the Chinese economy, reflected recently in a sharply lower yuan, kept investors nervous.MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS dipped 0....

Stocks off on China, North Korea worries; oil tumbles| Reuters

Jan 07, 2016 at 03:30 | Source: FirstPost

NEW YORK Stocks across the world fell on Wednesday as China fuelled fears about its economy by allowing the yuan to weaken further and after a nuclear test by North Korea added to a growing list of geopolitical worries.Brent crude futures tumbled to ...

Interview - Iran may moderate oil output to avoid further price slide| Reuters

Jan 05, 2016 at 23:15 | Source: FirstPost

NEW DELHI Iran could moderate oil output and exports once Western sanctions are lifted to avoid putting prices under further pressure, a senior Iranian oil official said on Tuesday.Iranian officials have repeatedly called on OPEC to make room for a s...

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