Oil bounces six percent as dollar tumbles after U.S. data| Reuters
Feb 04, 2016 at 01:30 | Source:
NEW YORK Oil prices jumped 6 percent on Wednesday, snapping a two-day rout, after investors took advantage of a weaker U.S. dollar and shrugged off data showing a unexpected large surge in U.S. crude inventories to record highs.Comments by Russia's F...
Oil sinks for second day on fading hopes of output deal, weather| Reuters
Feb 03, 2016 at 03:45 | Source:
NEW YORK Oil slumped for the second straight day, with U.S. crude ending 5.5 percent lower on Tuesday, as hopes of a deal to curb one of the worst supply gluts in history continued to fade amid concerns that mild winter weather in the U.S. will dampe...
Oil falls on China economic woes, rising OPEC supply| Reuters
Feb 02, 2016 at 08:45 | Source:
SINGAPORE Oil prices fell for a second session in Asian trade on Tuesday as worries about top energy consumer China and rising oil supply weighed on markets, although possible talks between OPEC and Russia on production cuts offered some support.Bren...
Indian mills to sell another million tonnes sugar - group | Reuters
Feb 02, 2016 at 01:30 | Source:
DUBAI Indian sugar mills have already contracted to sell one million tonnes of sugar in the 2015-16 season and expect to sign deals for another million as exports head for China, the head of an industry group said on Monday."One million tonnes h...
Ford executives say they are open to partners on small cars | Reuters
Jan 29, 2016 at 05:15 | Source:
DETROIT Ford Motor Co (F.N) Chief Executive Mark Fields said on Thursday he is "always open to talking with others" about partnerships on small cars.Fields was speaking generally about partnering on small cars without directly addressing wh...
Oil surges on hopes for output cuts to trim glut| Reuters
Jan 27, 2016 at 00:45 | Source:
NEW YORK Oil prices jumped on Tuesday as investors hoped OPEC and non-OPEC producers were inching closer to a deal to reduce output amid one of the biggest supply gluts in decades, and news that U.S. oil company Hess Corp (HES.N)planned to slash cap...
Oil jumps 5 pct on hints of deal to cut rising supply glut| Reuters
Jan 26, 2016 at 23:15 | Source:
NEW YORK Oil rose more than 5 percent on Tuesday, with Brent going above $32 a barrel, on hopes OPEC and non-OPEC producers were inching closer to a deal to reduce output in the face of one of the biggest supply gluts in decades.The Organization of t...
Oil spikes from 12-year low as equities rally, shorts cover| Reuters
Jan 21, 2016 at 23:30 | Source:
NEW YORK Oil prices rebounded more than $1 a barrel from 12-year lows on Thursday, heading for their biggest daily gain this year as rallying financial markets gave some bearish traders reason to take profits on record short positions.A recovery in E...
Weak U.S. inflation, housing data lower March rate hike chances| Reuters
Jan 21, 2016 at 02:15 | Source:
WASHINGTON U.S. consumer prices unexpectedly fell in December as the cost of gasoline dropped and rents rose moderately, signs of weak inflation that further diminish expectations of a Federal Reserve interest rate hike in March.Other data on Wednesd...
2016 to be a big year for Reliance Industries, says CFO Alok Agarwal
Jan 19, 2016 at 19:55 | Source:
Reliance Industries (RIL) third quarter earnings was largely aided by domestic oil demand and strong growth across core verticals despite a slowing growth scenario in emerging markets, Chief Financial Officer (CFO), Alok Agarwal said on Tuesday. RIL ...
Dollar sags on poor U.S. data; Aussie, Loonie fall on oil| Reuters
Jan 16, 2016 at 02:45 | Source:
NEW YORK The dollar tumbled to a near five-month low against the yen and a 2-1/2-week trough versus the euro on Friday, hammered by a combination of poor risk appetite arising from a renewed drop in oil prices and weak U.S. economic data.The downbeat...
U.S. retail sales, industrial output data point to softer growth| Reuters
Jan 16, 2016 at 00:30 | Source:
WASHINGTON U.S. retail sales fell in December as unseasonably warm weather undercut purchases of winter apparel and cheaper gasoline weighed on receipts at service stations, the latest indication that economic growth braked sharply in the fourth quar...
India's fuel demand rose 8.3 pct in December| Reuters
Jan 14, 2016 at 23:15 | Source:
NEW DELHI India's demand for fuel rose 8.3 percent in December compared with the same month last year, driven by higher gasoline consumption as passenger vehicle sales rose on the back of year-end deals and discounts.Asia's third largest economy cons...
U.S. crude edges up in early Asian trade amid market gloom| Reuters
Jan 14, 2016 at 07:15 | Source:
TOKYO U.S. crude futures eked out gains for a second day in early Asian trade on Thursday, though the market remains vulnerable to gloom over a world awash with supply and concerns about economic growth hitting equity markets.West Texas Intermediate...
U.S. shares tumble; Brent crude slips below $30| Reuters
Jan 14, 2016 at 05:45 | Source:
NEW YORK U.S. stocks tumbled on Wednesday to their lowest close since September and oil prices gave up an early rally on mounting worries about the global economy. Major U.S. stock indexes finished down more than 2 percent, with the Nasdaq off more t...