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Nov 20 (Reuters) - Zhengzhou Coal Industry & Electric Power * Says it has closed coal mine production in Micun, Henan province * Says its total coal capacity is down to 9.2 million tonnes from 11.1 million ...
Sales volume hit 23%. The sales of petroleum products led the growth of wholesale trade as they increased by 23% YoY in Q3. According to the Singapore Department of Statistics (SingStat), sales of ship ...
MUMBAI (Reuters) - Indian soyoil and crude palm oil futures jumped by the daily maximum limit of 4 percent on Monday after the government raised import tax on edible oils, traders said.
Oil markets were tepid on Monday as traders were reluctant to take on big new positions ahead of an OPEC meeting at the end of the month, when the producer club is expected to decide whether to continue output cuts aimed at propping up prices. Brent crude futures, the international benchmark for oil prices, were at $62.47 per barrel at 0752 GMT, down 25 cents, or 0.4 percent, from their last close. U.S. West Texas Intermediate (WTI) crude futures were at $56.57 a barrel, up just 2 cents from their last settlement.
Investing.com - Crude oil prices dipped in Asia on Monday as the market backed off a risk premium based on Middle East tensions between Arab states and Iran even as Saudi Arabia at the weekend again criticized Tehran for supporting terrorism.
By Lisa Twaronite TOKYO (Reuters) - Asian shares pulled back on Monday with investor sentiment hurt by a retreat on Wall Street, while the euro and German stock futures skidded after German coalition talks hit an impasse. European stock futures were down 0.3 percent, suggesting downbeat openings for the region, with DAX futures down 0.7 percent, CAC futures off 0.2 percent and FTSE futures 0.1 percent lower. MSCI's broadest index of Asia-Pacific shares outside Japan was off its session lows to be slightly down, as volatile Chinese shares reversed earlier sharp losses.
Gold finished the previous week higher as uncertainty over the tax reform add risk to the markets and weighed on the US dollar. Gold futures settled at $1296.50, up +1.43%. WTI crude oil closed the higher on Friday, however, crude oil prices posted their first weekly loss in six weeks. WTI Crude Oil futures settled at $56.71, … Continue reading Commodities Technical Analysis, November 20th – November 24th, 2017
As oil prices claw their way back, we take a look at what happened, where we’re headed, and the majors’ plans to recover shareholder confidence
Australia, the second largest exporter of LNG, is looking to expand its global influence, but is struggling with increasing domestic costs
U.S. West Texas Intermediate and internationally-favored Brent crude oil futures posted their first weekly loss in six weeks as investors raised concerns over Russia’s participation in extending the OPEC-led program to cut production, forecasts for lower demand and rising U.S. production. January WTI Crude Oil futures settled at $56.71, down $0.27 or -0.47% and February … Continue reading Oil Price Fundamental Weekly Forecast – Pressure Building for Short-Term Pullback
The US dollar has been very volatile against the Canadian dollar during the trading session on Friday, initially dipping down towards the 1.2715 level, and then exploding to the upside, reaching as high as 1.2830. We then rolled over a bit, and it now looks as if the market is simply going to bang around … Continue reading USD/CAD Price Forecast November 20, 2017, Technical Analysis
By Nia Williams and Kevin O'Hanlon CALGARY, Alberta/LINCOLN, Neb. (Reuters) - A major oil spill on the Keystone pipeline in South Dakota helped push U.S. crude prices higher on Friday, while fueling opposition to another pipeline project by owner TransCanada Corp that faces a crunch decision in Nebraska next week. The climb in U.S crude futures and slide in Canadian heavy crude prices, as well as TransCanada Corp shares, came the day after the 5,000 barrel spill, tied for this year's largest pipeline leak in the United States. No date has been set for reopening Keystone, TransCanada said, adding that a media report that had identified a restart date was incorrect.
Energy stocks are finally starting to improve, but is this signaling an end to the multi-year malaise or is it just another trick? Read Sheraz Mian's breakdown of the sector.
Most of the world’s commodity trading is denominated in U.S. dollars, but the Chinese yuan, also known as renminbi, threatens to make some inroads.
Investing.com – Gold prices rose sharply on Friday amid an uptick in geopolitical uncertainty after North Korea ruled out negotiations with Washington on curbing its nuclear weapons programme.
CALGARY, Alberta/LINCOLN, Nebraska (Reuters) - Canadian heavy crude prices and TransCanada Corp shares slid on Friday, the day after the Keystone pipeline spilled 5,000 barrels of oil in South Dakota as officials in Nebraska mulled whether to approve another pipeline proposed by the company. It was unclear when exports could resume on Keystone, and the leak gave ammunition to environmental groups and other U.S. opponents of another pipeline proposed by TransCanada, the long-delayed Keystone XL.
Chinese crude oil inventories have fallen for the first time in over a year due to lower imports and higher processing rates at local refineries
The correlation coefficient between crude oil prices and Patterson-UTI Energy (PTEN) from November 14, 2016, to November 14, 2017, was 0.63.
Canada's main stock index rose on Friday as higher commodity prices helped resource shares, but losses from earlier in the week meant the index ended the week lower than it started it for the first time in more than two months. The Toronto Stock Exchange's S&P/TSX composite index ended up 63.20 points, or 0.40 percent, at 15,998.57. It lost 0.25 percent over the course of the week.
India's imports of African crude oil in October plunged to their lowest in over four years, with the world's No.3 oil consumer increasingly turning to cheaper supplies from the United States and heavier Middle Eastern grades, ship tracking data showed. U.S. crude production has soared more than 14 percent since mid-2016 to 9.65 million barrels per day (bpd), altering trade routes as its relatively cheap and light grades become a viable import option for Asian refiners. "Earlier in Asia, West African oil was competing with Middle East grades, but now it has a new competitor: the U.S.," said Ehsan Ul-Haq, director of crude oil and refined products at consultancy Resource Economist.
MUMBAI/NEW DELHI (Reuters) - India's state oil refiners are planning an aggressive push into natural gas in coming years to meet Prime Minister Narendra Modi's goal of making the fuel a bigger part of the country's energy mix. State-owned oil companies - Indian Oil, Bharat Petroleum and Hindustan Petroleum - are planning to raise gas contributions to between 5 and 15 percent of their incomes over the next few years, up from nearly none now, company executives said. This in line with a government target to raise the natural gas portion of India's primary energy mix to 15 percent by 2030, up from 6.5 percent now, to help meet climate targets and rein in rampant pollution.